FOR IMMEDIATE RELEASE:
Financial Institutions Dramatically Increase Operational Efficiency and Eliminate Manual Processes
Fairfield, NJ (June 20, 2006) - Archive Systems, the premier provider of Document Process Outsourcing (DPO) services, today announced the release of ASPEN 360 Broker/Dealer Edition, a newly packaged service for financial institutions.
ASPEN 360 converts the paper-intensive processes associated with new account set up, reconciliations, disbursements, portfolio accounting, trade confirmation processing, compliance and more into a ZeroTouch™, paperless electronic process. This Software-as-a-Service solution handles document receipt, document and data capture, Web-based image hosting and workflow management services.
"With the Broker/Dealer Edition, ASPEN 360 is taking on the most labor-intensive elements of document processing," stated Rick Kushel, President and CEO of Archive Systems. "Financial institutions are able to streamline and automate critical processes with ASPEN 360, allowing for optimized operations and an improved ability to make fast and accurate decisions."
ASPEN 360 is transforming the burdensome task of manually processing documents into an effortless automated process. Productivity is dramatically increased by enabling organizations to handle growing document volumes without adding people or reassigning resources.
"The Broker/Dealer Edition is a part of our initiative to package our unique services for specific markets," stated Kushel. "The initial roll out of ASPEN 360 to financial institutions has been very well received as it addresses the need for operational efficiencies, reduced risk, strengthened controls and improved customer service."
About Archive Systems, Inc.
Archive Systems, Inc. flagship solution, ASPEN 360 Accounts Payable Edition, combines best practices AP Automation with ZeroTouch AP imaging and workflow. The product increases efficiencies and reduces costs with features such as straight through processing, which uses automated three-way matching to auto match invoices to PO and receipt line items without AP processor intervention. It includes the ASPEN 360 Invoice Virtualization Center, which removes from the client all tasks associated with document imaging, data capture, document classification, indexing, and OCR. The company also provides physical records management services such as business records storage, document shredding, and offsite data storage, through a number of Record Center locations. For more information, please visit www.archivesystems.com.
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