ECM solutions help to leverage existing businesses and legacy systems to address the challenges of the BFSI marketplace. The BFSI sector is rapidly adopting content management solutions because of the secured and confidential nature of the data. Using ECM solutions, BFSI companies can build centralized back offices to reduce employee workload as well as improve the overall customer experience. As huge sums of money and critical business data are at stake, well-informed decisions must be taken by the BFSI vertical. Thus, decisions relating to the BFSI vertical can have serious effects and can change the course of the economy of a country or countries. ECM solutions help the BFSI vertical to gather and manage all the financial data. These solutions also provide enhanced data security and access controls in the event of cyber-attacks, bank robberies, and natural disasters, such as hurricanes and earthquake. The deployment of ECM solutions in the BFSI sector can ensure better accountability, risk management, operational management, end-to-end content governance, management among different functional departments, and communication.
Solutions such as IBM’s InnovationJam solution and Newgen’s solutions for banking and financial services companies provide comprehensive tools to capture, manage, and analyze content for financial services. ECM solutions pertaining to the BFSI sector offer benefits such as expansion of customer service offerings, self-service capabilities to increase the client interaction value chain, and enhanced customer service levels. The 2007 financial crisis has put the limelight on banks that have been under fire for providing risky loans. These risky loans along with weak regulations and poor documentation were the perpetrators of the financial crisis. Automating the physical transfer of documents with an integrated system can enhance the productivity of various financial departments. The financial markets are continuously changing, so the content exchange between brokers and customers must be transparent and secured.
Enterprise Content Management Software in BFSI
OnBase Pricing:
OnBase by Hyland is a recognized market leader in the enterprise content management (ECM) segment. OnBase manages enterprise content throughout the information lifecycle—from inception until archival and destruction.
OnBase pricing starts at $25,000 as a one-time payment.
OnBase pricing varies depending on the needs of the client organization. Users can create an RFP to gauge the type of ECM solution that their organization needs and the price of implementing that solution.
OnBase Demo:
No information is available regarding free version or free trial for OnBase by Hyland. According to third-party sources, the company does not offer a free version or free trial.
Objective ECM empowers their clients with the ECM they need. Their solutions allow users to have greater flexibility. With Objective ECM, they are able it harnesses the power of their existing resources as well as tweak them to make them easier to work with. Objective’s ECM solutions are designed to keep the user in mind, which means it is easy to get started with this software.
With Business Computer Design Inc, businesses can manage their content efficiently. Their excellent service makes it easier for a company to succeed, deploy or archive their business content. With their services, users can easily find what they are looking for by searching for specific keywords or phrases. Hence, there is no delay in receiving the exact documents whenever a user needs them. By managing content efficiently, Business Computer Design Inc’s software helps organizations improve their efficiency and productivity.
With Fabasoft Folio, you can improve your business practices. Fabasoft’s Enterprise Content Management Software ensures that you can not only manage your content efficiently but also improve workflow and collaboration. With its unique business process management processes, an organizations efficiency can be improved. It helps in streamlining workflow so that users receive and send out relevant information to relevant parties, thus improving productivity. With Fabasoft Folio, it is not only easy to manage current content, but also to archive material as well.
Systemware Inc. helps its clients grow with the optimum business strategy. They provide all-inclusive content management software that allows users to be able to access their content at any time and from anywhere. Whether it is a legacy content or a third-party content, with Systemware’s Content Management Software, users can integrate their content repository. Systemware helps in make managing content an automatic process and reduces manual steps to organize content as far as possible. With Systemware’s services, it is easier to take control of your essential content.
DocStar ECM offers a better, faster and smarter tool for decision making. It stores paper documents and any native file type safely and securely in the system. DocStar ECM solutions integrate smoothly with existing software applications, making it easy to capture, store, and retrieve documents and content, anytime, on any device. It provides greater flexibility by getting installed on any servers or in the cloud.
Digitech PaperVision Enterprise helps to reduce inefficiency in paper-management processes. In paper-heavy teams such as the accounting section, the liability due to inefficient management poses a risk to the entire organization. Hence, Digitech PaperVision Enterprise helps to improve an organization's documentation organization and management. They help the organization turn their operations paperless painlessly and efficiently.
While dealing with each bit of information gets sent into this confusing plus rigid filing structure, it resides in its own silo. By sending the various team members via email or hard copy is critical to managing. Managing this tangle of information is an important aspect of each project, in addition to actually overseeing the work. Critical information, like amendments to drawings and other key updates, is Blueprint ECM has developed and deployed a solution that allows the clients to easily manage their projects and immediately surface all of the relevant content. Seamless project team collaboration and document transmittal keeps internal team members and external partners, vendors and trades in the loop and working from a common set of information at all times. And because Blueprint’s framework is built on the SharePoint Online platform, the additional overhead cost can be handled gracefully.