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Document Management: Current Account Cheques and Promissory Notes
Financial Institutions deal with an extremely large number of current account bank cheques and promissory notes. To keep up with the general trend towards digitalisation in the world of business, Governments and Central Banks in different countries are continually creating regulations aimed at facilitating the management of vast quantities of information through electronic means by Banking Institutions.
Among these measures is the management of millions of bank cheques using techniques of digitalisation and automated data capture.
Outsourcing of unskilled or repetitive tasks allows skilled staff to spend their time on tasks which bring added value to the business.
The solutions offered by SGAIM for the Intelligent Capture of information allows all of the relevant information to be extracted from both cheques and current account promissory notes, and this is then integrated into client applications.
Apart from legal considerations, there are clear operational and practical advantages to using advanced techniques for digitalisation and automatic capture of data when processing the enormous number of bank cheques and current account promissory notes:
- Greater ease in extracting relevant data from these documents.
- Greatest possible integrity of data captured.
- Reduction in management costs associated with large numbers of documents.
- Increased productivity in the main services and bank branches
