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Barcodes and Scanning

Question: 
How are barcodes useful to banks when scanning commercial loan documents?
Answer: 

Some banks use barcodes to expedite the scanning and indexing of certain documents within a loan file. For example, the use of barcoded cover sheets can direct the bank's imaging software to attach one or more documents to a specific section in a customer's file. This approach reduces administrative effort and the chance for misfiling a document.

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Read more about scanning and imaging.

Vendor: 

AccuSystems develops document management and exception tracking software for financial institutions. Trusted by more than 15,000 bankers worldwide, AccuAccount automates exception tracking, streamlines audits, and simplifies loan imaging. Request a demo, register for a webinar, or download a free whitepaper.

First published on 10/31/2021

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