Document collection software is used by financial institutions to electronically collect documents from customers.
Financial institutions must efficiently collect, organize, retain, and discard a large volume and variety of documents.
Document imaging software organizes, stores, and retrieves documents. The data managed by a document imaging system could reside on an in-house or cloud-based server.
A document imaging technician ensures the timely and accurate scanning and indexing of paperwork into the organization’s document management software.
Document indexing involves saving information in a consistent and logical fashion.
Document indexing software is a computer program or application that assists with storing, organizing, and recalling documents.
The term “document life cycle” refers to a collection of phases that a document goes through during its useful life at the financial institution.
Document management in banking includes all the systems and processes that are necessary to collect, organize, and track any information that relates to customers, accounts, and operations.
A document management system enables an organization to digitally track, store, and retrieve information. It can also be used to generate reports and to comply with document retention requirements.
Financial institutions must comply with a number of document retention rules, which govern how certain types of information are kept, managed, and discarded.
Document scanning software is the interface that allows a computer user to communicate information to a scanner, which then converts a paper document into an electronic image.
Document tracking is a process that helps financial institutions prevent, identify, and resolve issues related to existing, missing, expiring, trailing, and other documents.