Gone are the days when bankers used to manage thousands of files and folders manually. Most banks are investing in document management systems (DMS) to manage the multitude of documents and organize the document circulation by making the documents indexable and searchable.
All banks, irrespective of their sizes, have to handle truckloads of documents on a daily basis. The different types of documents that they need to manage and store include signature cards, forms, client applications, financial statements, wealth management documents, loan agreements, financial statements and numerous others.