|Northwestern selects doc management system|
GoldTracks has custom designed workflow functions, which will enable Northwestern to track the documents at every point in their process.
Northwestern Bank Selects GoldTracks for Records Management Bank to improve research and tracking efficiency, reduce operating costs
Lenexa, Kan., Oct. 14, 2008 – Financial Systems & Equipment (FS&E), a software provider serving the banking industry, recently announced that Northwestern Bank has selected its comprehensive records management system,
GoldTracks. Based in Traverse City, Mich., all of Northwestern’s 26 branches will use the system primarily in the loan and deposit departments, integrated with its core system.
“One of the bank’s main goals is to improve its tracking capabilities,” Mark Kramer, senior account executive at FS&E, explained. “This includes monitoring missing documents, retrieving and viewing files remotely and creating better audit trails. GoldTracks has custom designed workflow functions, which will enable Northwestern to track the documents at every point in their process. GoldTracks can also track the pre-funding process prior to the loans being posted to the core system, as well as future tracking ticklers and notices for funded loans.”
GoldTracks is an integrated records management system that provides access to documents with the click of a button. With the system, paper files are converted into electronic documents that are automatically indexed, via barcode technology, to a customer’s file within a single repository. It also automatically sets up required documents based on the loan type or deposit type, eliminating the need for manual input. These files are then available for viewing among the financial institution’s personnel at any location and can be easily accessed and managed. The system is designed for seamless integration with a bank’s core system and provides improved controls, access, customizable views and reports along with extensive tracking.
“As banks continue to face shrinking core deposits and stagnant loan portfolio growth, it’s important to invest in technology that will provide a significant return on investment,” Kramer added. “Northwestern Bank wanted a flexible system that would keep pace with their growth and give them tighter audit trails and better tracking functionality. They have selected a system that will not only allow them to cut costs, but will also aid the bank in meeting compliance standards. These are the kinds of improvements that all banks should seek during the current financial cycle.”
About Financial Systems & Equipment
Founded in 1981, Financial Systems & Equipment Inc. (FS&E) has provided more than 800 financial institutions with the widest choice of hardware and software products. Its technology facilitates business activities through electronic management of image delivery, workflow and regulatory compliance. FS&E is committed to financial institutions and their success and the company continuously provides clients with successful implementations of image teller, check imaging, enterprise wide records management systems and loan compliance tracking systems.
For more information, visit www.FinancialSystems.net.
Media Contact for Financial Systems & Equipment
| TechTopics Plus