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Supercharged by the rise of market-share stealing challenger banks and fast moving consumer demands, the digital transformation race in the banking and financial services sector is showing no signs of slowing down.
We all know that emails are sent on a daily basis – we all receive emails on a daily basis, both personally and professionally. But how often do any of stop and consider the huge potential lying within an email, and realize the important impact that Outlook’s productivity tools can have?
Technology has reached a point where machines can do a lot of the thinking and doing for us – without us even realizing it. Globally, we use computer programs and software for capturing, processing, storing, and managing vast amounts of data on a daily basis. During these processes, we often hear the terms Document Management System (DMS) and Enterprise Content Management (ECM). These are sometimes used interchangeably, adding to the confusion, since they are very different. The best way to distinguish between the two is to remember that not all content is created equal.
According to Deloitte’s recent report “Insurance Industry Outlook”, 2018 and 2019 are set to be ‘banner years’ for insurers - with firms generally set to enjoy insurance industry trends of sustained growth, rising interest rates and higher investments. As early as 2020 however, the consultancy has also flagged concerns for economic slowdown and knock-on challenges for insurers industry-wide. Now more than ever, insurance firms need to be streamlining workflow and increasing productivity in their workforce.
According to Frank Bruni, a columnist for the New York Times, one of the most influential classes he ever took was not the one where he first read Plato or discovered The Great Gatsby or learned to appreciate Modern Art or Bach Sonatas. The class that so influenced Bruni was—drum roll please—the summer school program he attended as a teenager to learn how to type.
What do most office employees do with their day? They create documents. A huge amount of them. 500 billion each year according to Microsoft Office.
About $10,000 is wasted on mismanaging digital assets each year. Like financial asset management, digital asset management (DAM) is all about spreading the wealth and organizing all digital assets in a cohesive way that makes sense for your company. DAM as a money-saving tool writes, Christian Lund, co-founder of Templafy.
Most companies take great pride in the products and services that they offer, but they often overlook the one thing they spend more time producing than anything else: documents. Of all the processes that support a company or organization today, the document creation process is one of the most extensive, touching nearly everything: internal communications, customer relations, sales, legal compliance and much more.
The rapid evolution of technology has led to dramatic changes in the way people work. One thing that’s never changed, however, is that documents are the lifeblood of any business. Whether it’s correspondence, financials, reports, marketing content, customer data or something else entirely, all that information amounts to your most valuable asset of all. It stands to reason that you need a safe, yet easily accessible place, to keep everything. Enter the age of document management in the cloud.
