Control your documents and finances
A financial institution’s trust department is usually responsible for managing a multitude of important documents, such as powers of attorney, conservatorship papers and investment portfolios along with banking statements and bill payment. All of these documents are subject to strict compliance requirements, which means they must be tracked and managed in a way that is organized.
One of the best ways to get your business documents in order is to begin by gathering them all in one place. Sort them by the type (banking and insurance, for instance.) and then by date (newest to oldest). Once you have sorted them, you can put them in three folders with labels and store them away for future use or cut them. This will save you time from having to search through old files and will help you avoid paying for items or services that you already have.
A digital document management system, like BDS is a fantastic method of organizing your financial records. It is easier to locate and access your financial data when you store it digitally. Plus, your records are more secure in digital format than they would be on paper. Contact us to find out how we can help you improve your workflows.