b-Wize BANKING

b-Wize BANKING automatically processes all documents received by banks and financial organizations and facilitates information flow by building electronic customer files.

Functions

b-Wize BANKING is the only complete solution specifically designed for managing documents and information for financial organizations.
It includes:

• Scanning of documents
• Automatic analysis and sorting of scanned documents
• Intelligent information extraction (with a combination of ICR, OCR and full-text recognition engines)
• Secure flow of customer files and images via a customized business workflow
• Archiving of scanned documents in compliance with the Z42-013 standard.

This business solution can be interfaced with all the EDM and CRM information systems and software used in the banking and financial sector.

Documents processed

• Financial product subscription contracts
• Commercial papers (promissory notes, credit notes, etc.)
• Cheques
• Deposit forms
• Payment slips
• Subrogation slips
• Account creation forms
• Paying-in slips, savings account contracts

Benefits

In the context of growing competitiveness, banks and financial institutions face the following strategic challenges:

• Rapidly supply in-depth information concerning their different business areas via accurate reporting
• Industrialize data access using the new distribution channels (multi-channel strategy)
• Acquire better knowledge of customers and their needs
• Industrialize processes to produce information in real-time
• Reduce management costs for each customer file

The b-Wize BANKING solution was designed to handle issues specific to the banking sector: Automatic reading of enrollment contracts for various financial products, processing commercial documents or reading-in account creation forms. b-Wize BANKING integrates automatic identification and indexing of incoming correspondence, enhancing customer files using scanned documents.

As part of their multi-channel strategy, banks often offer customized solutions requiring specific forms and contracts for each customer. b-Wize BANKING combines the power of free form and high precision anchoring technologies to check the validity of contracts received from customers and automatically pinpoint any irregular changes or crossed-out text. It also ensures consistency between remittance slips and the associated cheques.

Elimination of unnecessary back and front-office tasks

Re-insourcing and automation of document processing enables numerous unnecessary tasks to be eliminated:

• Manual entry of documents
• Outsourcing and its costs in terms of supplier relationship management
• Duplication of documents for distribution to different departments
• Paper handling for the purpose of document storage

Productivity gains in processing banking documents

The high productivity gains – from 300 to 500% – generated by b-Wize BANKING are linked to:

• Accuracy of the data read
• Simplified document searches
• No more risk of losing documents
• Information flows more smoothly
• Secure transfer of documents to recipients
• Reduction of sorting, indexing and input costs

Better customer knowledge

b-Wize BANKING is a source of qualitative gains, linked to customer relationship management in particular:

• Information exchange between back and front office facilitated
• Customer files updated in real-time due to scanning of incoming correspondence
• Integrity of documents guaranteed through legal electronic archiving

White papers

  The Automated Mailroom [PDF 116KB]

 Automated Invoice Processing [PDF 146KB]

Other related Products and Services

FileStore Document Management Solution

FileStore can automatically archive your scanned invoices thereby eliminating the need to store paper copies of documents for the legal requirement of 7 years or more. FileStore can also route invoices, applications, orders and other document related information automatically between departments for approval thereby speeding up and tightly controlling internal business workflow.

FileStore ERM

FileStore ERM automatically captures EDI and other electronically submitted/created information including statements, invoice runs, reports and form printed letters and then compresses and archives them within the FileStore server.

Outsource Invoice Processing

If you do not wish to implement in house systems using b-Wize or BasWare to process your invoices and/or purchase orders then DCS can handle this as a fully outsourced service using these solutions via web browsers.

This can be implemented as a long term trial or as an immediate cost saving solution in order to deliver benefits without any capital expenditure.