How to Manage Documents and Finances

Manage your finances and documents

The trust department of a financial institution is usually responsible for managing a myriad of important paperwork, including powers of attorney, conservatorship documents and investment portfolios as well as bank statements and bill payment. All of these documents are subject to strict compliance requirements, which means that they must be analyzed and tracked in a systematic manner.

One of the best ways to get your business documents organized is to begin by collecting all of them together. Sort them by type (banking documents or insurance documents.). and then by date (newest to oldest). Once sorted, you can arrange them in three folders and label them. You can then keep them for future use or cut them. This method will save you time from looking through old files and will aid in avoiding the cost of products or services that you already have.

Utilizing a digital document management system such as BDS is another excellent way to keep your financial documents and records in order. By storing your important financial data digitally it’s much easier to access and find when you need it. Furthermore digital records are more secure than paper. Contact us to find out more about how we can improve your workflows and help stay compliant.

Manage documents and finances

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