b-Wize Banking

b-Wize BANKING automatically processes all documents received by banks and financial organizations and facilitates information flow by building electronic customer files.

Functions

b-Wize BANKING is the only complete solution specifically designed for managing documents and information for financial organizations.
It includes:

• Scanning of documents
• Automatic analysis and sorting of scanned documents
• Intelligent information extraction (with a combination of ICR, OCR and full-text recognition engines)
• Secure flow of customer files and images via a customized business workflow
• Archiving of scanned documents in compliance with the Z42-013 standard.

This business solution can be interfaced with all the EDM and CRM information systems and software used in the banking and financial sector.

Documents processed

• Financial product subscription contracts
• Commercial papers (promissory notes, credit notes, etc.)
• Cheques
• Deposit forms
• Payment slips
• Subrogation slips
• Account creation forms
• Paying-in slips, savings account contracts

 

Benefits

In the context of growing competitiveness, banks and financial institutions face the following strategic challenges:

• Rapidly supply in-depth information concerning their different business areas via accurate reporting
• Industrialize data access using the new distribution channels (multi-channel strategy)
• Acquire better knowledge of customers and their needs
• Industrialize processes to produce information in real-time
• Reduce management costs for each customer file

The b-Wize BANKING solution was designed to handle issues specific to the banking sector: Automatic reading of enrollment contracts for various financial products, processing commercial documents or reading-in account creation forms. b-Wize BANKING integrates automatic identification and indexing of incoming correspondence, enhancing customer files using scanned documents.

As part of their multi-channel strategy, banks often offer customized solutions requiring specific forms and contracts for each customer. b-Wize BANKING combines the power of free form and high precision anchoring technologies to check the validity of contracts received from customers and automatically pinpoint any irregular changes or crossed-out text. It also ensures consistency between remittance slips and the associated cheques.

Elimination of unnecessary back and front-office tasks

Re-insourcing and automation of document processing enables numerous unnecessary tasks to be eliminated:

• Manual entry of documents
• Outsourcing and its costs in terms of supplier relationship management
• Duplication of documents for distribution to different departments
• Paper handling for the purpose of document storage

Productivity gains in processing banking documents

The high productivity gains – from 300 to 500% – generated by b-Wize BANKING are linked to:

• Accuracy of the data read
• Simplified document searches
• No more risk of losing documents
• Information flows more smoothly
• Secure transfer of documents to recipients
• Reduction of sorting, indexing and input costs

Better customer knowledge

b-Wize BANKING is a source of qualitative gains, linked to customer relationship management in particular:

• Information exchange between back and front office facilitated
• Customer files updated in real-time due to scanning of incoming correspondence
• Integrity of documents guaranteed through legal electronic archiving

Other related Products and Services

Outsource Invoice Processing

If you do not wish to implement in house systems using b-Wize or BasWare to process your invoices and/or purchase orders then DCS can handle this as a fully outsourced service using these solutions via web browsers.

This can be implemented as a long term trial or as an immediate cost saving solution in order to deliver benefits without any capital expenditure.