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Tangible Costs of Maintaining Paper Loan Files

Question: 
What tangible costs are associated with paper loan files?
Answer: 

File folders, tabs, paper, ink, filing cabinets, and depreciation on printing equipment are the most common tangible costs associated with paper loan files. Banks should also factor in courier costs, shipping costs, and travel expenses of internal audit or compliance personnel (per diem, mileage, hotel, etc.).

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Download a document management cost analysis spreadsheet.

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 05/31/2020

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