Finance Archives - TAB Records Management Blog | TAB OnRecord

One of America’s largest retail banks re-signs with TAB to upgrade to FusionRMS v10

Sue St. Denis — Thu, 24 Jan 2019 12:00:23 +0000

TAB is pleased to announce that a large American retail bank with over 2 million paper records has upgraded from TAB FusionRMS v9.3 to v10. The bank has been using FusionRMS to track several databases of servicing and custodial records throughout the organization. Upgrading to v10 helps the bank further optimize loan management processes, specifically [...]Read More

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Six reasons why financial institutions are digitizing paper documents (Part 2)

Sue St. Denis — Thu, 06 Jul 2017 00:00:00 +0000

The case for digitizing paper documents is getting stronger all the time. Here are three more factors behind the digitization trend.Read More

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Six reasons why financial institutions are digitizing paper documents (Part 1)

Sue St. Denis — Thu, 29 Jun 2017 00:00:00 +0000

Across North America, we are seeing a rise in the number of document imaging initiatives by financial institutions. In a two-part blog post we explore the main reasons for this trend.Read More

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Don’t forget the physical files in a credit union merger or acquisition! (Part 2)

Sue St. Denis — Thu, 06 Apr 2017 00:00:00 +0000

In last week’s blog post, we outlined why it is so important for credit unions to properly manage the physical files involved in a merger or acquisition. First and foremost, acquired files have the potential to create legal and compliance issues. If not handled well, the physical files can also hamper the efficiency of your [...]Read More

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Don’t forget the physical files in a credit union merger or acquisition! (Part 1)

Sue St. Denis — Thu, 30 Mar 2017 00:00:00 +0000

Mergers and acquisitions are changing the credit union landscape in Canada. The impact of these transactions goes well beyond the boardroom and branch offices, reaching into every corner of the organization – including the file room. In a two-part blog post we will explain why physical files require special attention during a merger or acquisition, [...]Read More

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How to Successfully On-board 130,000 Acquired Loan Files

Sue St. Denis — Thu, 12 Jan 2017 00:00:00 +0000

For a top-20 U.S. bank, the acquisition of two smaller banks created a huge influx of mortgage and loan files. To integrate the acquired files into its existing operations, the bank needed to undertake four steps: Review and organize the files, purging all non-records. Convert retained paper files to the bank’s standard formats for folders [...]Read More

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Best of 2016 Part 1: The Year’s Top Case Studies

Sue St. Denis — Thu, 15 Dec 2016 00:00:00 +0000

To help you prepare for the challenges of the new year, we are counting down your top records management resources of 2016. In a four-part series, we are bringing you the top case studies, white papers, blog posts, videos, and guides – all chosen by your records management colleagues! To kick-start the series, we bring [...]Read More

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RIM in Banking: How to Make Your Loan Vault More Efficient – Part 2

Sue St. Denis — Thu, 01 Dec 2016 00:00:00 +0000

In last week’s blog post we introduced three best practices to make your loan vault more efficient: using a loan inventory management software tool, using the appropriate manila file folders, and color-coded file labels. This week, we follow that up with four more best practices.Read More

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RIM in Banking: How to Make Your Loan Vault More Efficient – Part 1

Sue St. Denis — Thu, 24 Nov 2016 00:00:00 +0000

In our tours of loan vaults, we have observed many examples of poor processes that hamper loan operations, including excessive manual handling of files and inefficient storage and retrieval practices. Together, these issues lengthen the time it takes to process loan files and severely limit the capacity of the vault. Fewer loans processed equals lower profitability. In addition to that, the error-prone manual processes create significant compliance risks. In a two-part blog post, we outline seven proven best practices that will help you avoid these issues and maximize the productivity of your loan vault.Read More

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Change equals opportunity – Part 2: How to manage change

Sue St. Denis — Thu, 04 Dec 2014 00:00:00 +0000

In our last blog post, we looked at the benefits of embracing change and using it as an opportunity to improve your records management program. Unfortunately, not all change initiatives go according to plan. The failure rates can be unnervingly high with projects such as document conversions and the implementation of electronic records management systems. To help you avoid that fate, we’ll share tips to help you successfully navigate changes in your records management program.Read More

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