Case Study: A national bank

There are many different industries that benefit from our document hosting services every day. Today, we’re profiling a national bank for which we’re managing approximately 35,000 wire transfer agreements per month from over 500 locations.

Currently, each location maintains these agreements on-site. Not only do all these documents take up a great deal of space, it’s a nightmare and a huge liability in terms of risk management. With the current system, it’s nearly impossible to track who authorized the agreement and whether the agreement was actually completed.

The bank decided this paper-based system is simply unacceptable when there are corporate customers transferring large sums of money. On the PaperHost platform, the bank can now validate that the agreement was completed with a confirmation number. Organization is crucial!

We’ve set up 10 fax numbers that we monitor to ensure there’s never a busy signal, so we can process 150 faxes simultaneously.

When the fax of the wire transfer agreement comes in, we receive the image and run it through our Automated Data Capture to lift information from five critical fields. We then load this content onto PaperHost so it is searchable by any authorized member of the bank.

These documents will be housed on the secure PaperHost platform for seven years. With 35,000 agreements at six pages each, that’s 210,000 pages per month for seven years – or 17.6 million pages total, which constitutes half a terabyte. That’s a lot of paper for which these bank locations no longer need to allot storage space!

With all this information loaded and processed by PaperHost, we’re also able to provide analytics on the data. In the case of the bank, the central wire transfer department can download a custom data file in order to perform analytics for the transfers from all their locations.

By having PaperHost manage the flow of these agreements, the loss of a wire transfer agreement is greatly reduced without adding additional personnel. Our mission: Eliminate legal liability while streamlining the organization process.

Learn more about what PaperHost can do for your business at www.PaperHost.com or contact us direct at 800-882-3573.

Say goodbye to file cabinets!

You’ve just sent out a bunch of forms such as contracts or agreements. They get filled out and returned, but what do you do when they are received?

That’s what file cabinets are for, of course! But wait, most businesses have limited space for files so they’re thrown out after so much time. And say you want to actually do something with information in those forms – someone has to manually type it up into a spreadsheet or another application.

No more! Our data capture service will take your received forms and create a database by lifting list-based or repeating data elements from documents. This process saves you time, money and eliminates potential human error.

We even make document submission easy for you. We’ll create a toll-free or local fax number and set up an email address so we can receive both electronic and paper forms.

The technological wow-factor doesn’t end there.

We can send confirmation to the location responsible for that form, letting them know it was received and processed – we can even send them a link to view the submitted document. No more worrying if anything got lost in electronic limbo.

And because these documents are stored through our secure website, there’s no reason for frantic searches of the file room for a specific file. Say an attorney needs to reference a particular contract; you can seamlessly give them access to that file.

We can even easily integrate with your existing applications to “Image Enable” them using our API White Paper. There is no expensive programming or customization required.

Rummaging through stacks of files is a thing of the past. Let us help your business step into the future.

Sound like a pleasant, paper-free solution for your business? Learn more at www.PaperHost.com or give us a call at 800-882-3573 to get started.

Let us drive the limo, while you focus on your business

You’ve been there—endlessly inputting data into spreadsheets thinking, ‘Isn’t there a machine that can do this for me?’

Why yes, there is.

And not only can the machine do it for you; it can make the process better than it was before. More efficient, more accurate. It’s called Automated Data Capture (ADC), and it has revolutionized how organizations work across all industries.

PaperHost’s phADC data capture solution automates the processing of printed documents and forms with enhanced capabilities that lift out relevant information and data elements on similar or dissimilar document formats.

This process can be applied to a wide rang of document types, such as forms, contracts, invoices, insurance documents, banking documents and many other documents with list-based or repeating data elements.

We’re certain your business, like any other business, has more than a few of these documents that continue to stack up, and we’re quite certain that your staff dreads the task of keying in all that information. Wouldn’t you?

Not only does the ADC process save you hours of manual keying, it maintains the integrity of the data, which might otherwise decline as you trudge through your 38^th invoice of the day.

It’s one of the most labor intensive, time consuming and expensive processes at your office. If it has to be done, why not hand it off to a company who can ensure it’s completed efficiently, accurately and cost effectively, allowing you and your employees to work on other important tasks?

Think of it like this: if you travel to and from the airport occasionally for business trips, you can bum a ride from friend or coworker. However, if you’re making multiple trips a day, it makes since to hire a professional service to increase productivity and reduce liability with a professional driver.

It’s the same with data processing. If you occasionally have to key in a little information, you can do it yourself. But eventually, the volume of documents becomes so burdensome that it’s inefficient and costly to key manually. That’s when it’s time to call in a professional.

Let us drive the limo, while you focus on your business. We can get you where you need to go in style, while saving you frustration and money at the same time!

PaperHost will send all the data back to you in customized data files to post or update existing internal applications that you depend on to run your business.

Other supplemental services include automatic conversion to PDF, extended text search capabilities and a robust Web based document management system that requires no capital investment. It’s Software as a Service (SaaS).

Give your employees a holiday and your bottom line a bonus this year by eliminating those never ending piles of documents and all the hours of manual data entry that come with them.

Learn more about document conversion and data lifting at www.PaperHost.com or contact us direct at 800-882-3573.