Financial document management in Ontario, especially involving pension funds, must deal with the constant challenges of reducing risk and increasing accountability. By replacing inefficient paper processes, pension funds can do more with less. Automated document management and workflow reduces costs, eliminates error, ensures compliance, decreases risks, improves reporting and saves time.
Pension funds today face constant hurdles with document management in Ontario. These barriers keep businesses from operating at peak performance levels. If your company experiences any of the following, you should explore the possibilities with document management as it applies directly to pension funds.
Manual processes. Do you manually handle member documentation? Is information being double or tripled keyed into your system?
Paper-based processes. Do you route paper documents to accomplish pension fund related tasks? Are forms and applications getting lost in the current process? Do you require extra space and containers for paper filing?
Reporting and analysis. Can you view member history? Is it easy to determine needed updates or whether documents are missing?
In part two we will explore the benefits of financial document management.
For more information about Ontario document management, continue to visit our blog or contact MES Hybrid Document Systems.