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How Records Management are Cost effective for Business.

Author: Shelves Tech
by Shelves Tech
Posted: May 26, 2019

Records Management, scanning and digitization of applications benefiting mortgage companies in todays’ time:-

  1. Costs: Digitizing applications save a lot of cost over the manpower and transition cost of sending as applications to various stakeholders by any banking or financial institution and also upon the transactions which are made on the daily basis or recorded by manual procedure. This will not only accelerate processing time also adds upto the data security.
  2. Decision making Data Processing: Digitization will not help in securing the applications and customer document in image format it will also help and accelerate decision making by providing one window view to all stakeholders. Therefore it becomes easy to handle many customers at different locations at a time.
  3. Alacrity: Compilation of borrowers information its validation and disbursement of loan becomes easy and in pace that a loan applicant can get this loan instantly in a day or two. This comes handy in case documents are missing or additional documents required from the client.
  4. Network: Digitization performs various processes on diverse levels where various departments with different roles and channels get associated at one place hence easy exchange of information is available at one platform.

5. Physical storage : Documents are evidence of any organizations existence. All customer record after processing and day to day office documents including invoices needs to store for future references. Physical store not only required real estate space also required management to refer in case of need arises hence organization required document management. Digitization will make it easy and accessible.

Shelves Tech provides complete Records and Documents Management and Storage Solutions under one roof. Storing and managing millions of records and documents yourself can be challenging, costly and time consuming affair with a persistent challenge i.e. SAFE STORAGE and EASY RETRIEVAL.

Shelves Tech offers a comprehensive approach to the design, development and implementation of all aspects of enterprise-wide Record Information Management solution to our clients. Our approach takes into consideration information governance, enabling technologies, and business process improvements.

At Shelves Tech, we work as the guardians of your records. Records information management or RIM, is the professional practice or discipline of controlling and governing what are considered to be the most important assets of an organization throughout the records life-cycle, which includes from the time such records are conceived through to their eventual disposal. The work including identifying, classifying, prioritizing, storing, securing, archiving, preserving, retrieving, tracking and destroying of records is the core business.

Shelves Tech is formed with an objective to enhance services and technology that enables our client to improve operational efficiency along with risk & cost management. We offer varied services including Records Management Solutions & Business Process Services (BPS) by assisting corporate streamlining the process by integrating business process & IT solutions.

Physical storage of records plays a key role in sorting the handing of the most crucial asset of an organisation i.e. RECORDS. We store key records from critical business information to works of fine art to original recordings of treasured artists. Our customers can rely on us to protect what they value and help unlock its potential. We help our customers to lower storage costs, comply with regulations, manage risks, and use the value in their information to grow. Our solutions include information and asset storage, records management, data management and secure shredding.

About the Author

Shelves Tech is a Records Management Planner and currently working with Shelves Tech.

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Author: Shelves Tech

Shelves Tech

Member since: May 23, 2019
Published articles: 1

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