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Paper-Only Approach to Trust Document Management

Question: 
What are potential downsides to a paper-only approach to trust document management?
Answer: 

Keeping trust documentation exclusively in hard copy format means that a bank must dedicate a growing amount of real estate to storing paper documents. Locating a specific document can be particularly time-consuming, as staff must flip through multiple pages to find what they're looking for. Documents are also more likely to be lost or misplaced in a paper-only environment.

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Read more about trust document management.

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 05/15/2022

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