New Lexmark Branch Capture Solution reduces error rates while increasing security, privacy and compliance
Solution’s automatic routing and tracking aids audit and workflow efficiencies
Jun 29, 2011
LEXINGTON, Ky., June 29, 2011—Lexmark International, Inc. (NYSE: LXK) today announced the new Lexmark Branch Capture Solution, a powerful tool that enables financial institutions to automate paper-based workflows and eliminate much of the pain associated with paper-intensive tasks such as loan processing and new account openings.
This new end-to-end solution is good news for CIOs of large financial institutions, who recently reported in a global survey of bank technology trends that they were least satisfied with “paperless initiatives” and “document management,” when asked about IT satisfaction and spending priorities1.
Both bank management and branch bank workers will actually benefit from Lexmark’s new solution that reduces manual work for employees while helping ensure documents are in compliance.
The process works by extracting data en route to a centralized processing center. The compliant documents are processed “straight through” to a workflow or archive while the non-compliant documents are flagged for review. An audit trail of documents and actions is also logged for future reference.
With the Lexmark Branch Capture Solution, financial institutions can also electronically capture, manage and access the paperwork associated with day-to-day activities. The solution offers cost and time savings, enabling more quality time with customers.
Benefits of Lexmark’s new Branch Capture Solution include:
• Automation of labor-intensive documents and data entry with validation processes
• Elimination of courier expenses, delays and lost documents
• The electronic capture of paperwork in one repository
• Improvement of audit readiness and compliance
To learn more about the Lexmark Branch Capture Solution, click here, or visit Lexmark.com/finance.
Lexmark International, Inc. (NYSE: LXK) provides businesses of all sizes with a broad range of printing and imaging products, software, solutions and services that help customers to print less and save more. Perceptive Software, a stand-alone software business within Lexmark, is a leading provider of enterprise content management software that helps organizations easily manage the entire lifecycle of their documents and content, simplifying their business processes, and fueling greater operational efficiency. In 2010, Lexmark sold products in more than 170 countries and reported more than $4 billion in revenue.
To learn more about Lexmark, please visit www.lexmark.com. For more information on Perceptive Software, please visit www.perceptivesoftware.com.
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All prices, features, specifications and capabilities are subject to change without notice.
1 Aite Group survey of 80 large financial institution CIOs conducted in Q1 2011.
For further information: Shannon Lyman, +1-859-232-5532, email@example.com