Manage documents and finances
A trust department at a financial institution is often responsible for managing a variety of crucial documents, such as powers of attorney, conservatorship documents and investment portfolios along with banking statements and bill payment. All of these documents must satisfy strict compliance requirements. This means that they have to be monitored and regulated in a systematic way.
One of the best methods to get your company’s documents in order is to begin by putting the documents in one place. Then, sort them by type (banking, insurance etc.) Then, sort them by the type (banking insurance, bank.) After sorting, you can arrange them in three folders with labels and save them for future use or shred them. This method will help you save time from having to go through old files and help you avoid paying for items or services you already have.
Utilizing a digital management system such as BDS is a great method to keep your financial records and documents in order. It is easier to find and access your financial records when you store it digitally. Additionally, your documents are more secure in digital format than on paper. Contact us to learn how we can assist you in improving your workflows.