Financial Services Industry Solutions

Within these operations of banking and insurance we have improved processes surrounding client documentation, such as applications, financial history, insurance information and verification of eligibility.

At Axis we support a multiplicity of financial solutions for markets such as banks, credit unions, insurance brokers and leasing companies. Addressing a variety of implementations for account openings, loan processing, payment solutions and range of administrative tasks such as claims processing and logically back office operations.

Areas of Implementation

Creation and management of loans, applications, policies, tax forms and other finacial services.
Administration support including accounting, human resources, legal and contract management can also be implemented.
We can help in many areas of legal including law librarians, legal administrators, paralegal’s, and attorneys.

Document Intensive Processes

Axis has tackled many of the challenges pertinent to the document intensive processes inherent financial information systems. In today’s very competitive market, trying to attract a new client or retain an existing one may just come down to who can expedite an application the quickest – as applicants want easy procedures with as few headaches as possible.

Large Percent of Information Resides on Paper

Unfortunately, one of the main challenges is that up to 60% of the information regarding clients can reside in unstructured documents; documents that lack form structure, like correspondence. Unknown information can be buried deep within these documents, and it is time-consuming, error-prone and expensive discovering and extracting this information using manual, labor-intensive data entry.

Finance Data Sheet

Finance Data Sheet

It can be time-consuming, inefficient and in some cases next to impossible to connect and associate information from disparate and unconnected repositories. Legacy mainframe and midrange systems, paper documents in filing cabinets and content residing in other structured content management systems and financial systems may need to be associated together. This is very apparent in these type of operations where branch offices rarely process everything onsite; they have to collaborate with other remote offices and the organization’s headquarters.

Our clients have realized a range of positive outcomes such as increased customer and employee satisfaction from quicker and more accurate access to client information, faster application and claims processing. Axis is an authority in breaking down the silos typical to such operations. With more seamless access to content at the click of a mouse vs. hunting information from filing cabinets, financial clients can spend time focusing on the customer, and less time wasted trying to find information.

Solution Overview
Business Benefits