This is part two of a two part series. To read part one, click here.
Ontario Pension funds must manage all aspect of members’ files. They routinely perform tasks associated with each file to maintain currency. To streamline the process as much as possible, pension funds need to look for solutions that simplify information management.
All organizations managing pension funds will benefit from financial document management in Ontario. The benefits are far-reaching and include:
Increased member satisfaction. An improved claims process means happier members. Decreasing the time to process a claim is an important aspect of good member service. Better communication regarding pension fund updates and other pertinent information also helps you follow-up in real-time to member issues.
Enhanced efficiency. Financial document management in Ontario greatly improves all associated processes. By using secure online forms, duplicated data entry is eliminated. Member information is always current and remains available in real time.
Cost reductions. A document management system will eliminate many processes that contribute to increased costs. For example, errors associated with paper processes go by the way side. Labor costs as they pertain to capturing and indexing documents are eliminated.
Better visibility. Since documents are scanned and managed digitally, users have improved access to information. Analysis and sorting is done automatically. Viewing of pensioner files from any location is fast, easy and secure.
Reduced risks. Financial document management in Ontario creates a secure flow of member files and images. Increased security with member documents ensures regulatory compliance. With document management solutions, you protect and control your data.
Financial document management in Ontario makes perfect sense for pension funds. By automating associated processes, pension funds capitalize on productivity gains and cost reductions. Equally important, document management allows pension funds to comply with government regulations.
Contact us for more information about our document management solutions, including document scanning, microfilm scanning, data capture and more.