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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
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
In last week’s blog post we introduced some of the hidden cost factors that can drive up the cost of your document imaging project. As we saw, you need to pay close attention to several things: the state of your current collection, the handoff process to the imaging team, and the process of applying naming conventions and metadata. To avoid extra costs in these areas you can conduct a thorough audit and purge of your collection, and provide the scanning team with an electronic manifest containing detailed information about the collection.Read More
Document imaging projects are complex undertakings. Each project has many variables and moving parts that can have an impact on the final budget. Unless you have managed many imaging projects, it is hard to get an accurate handle on your budget. As the expression goes, you don’t know what you don’t know! In a two-part blog post, we will reveal six commonly overlooked cost factors that can drive up the cost of your document imaging project. Knowing about these factors will help you estimate the cost of your project more accurately, and ensure that you stay on budget.Read More
In last week’s post we shared the challenges of managing a shared drive at a mid-sized oil and gas company that had grown quickly through acquisition. After failing several industry operational audits, and with more acquisitions pending, the TAB team was engaged to redesign their shared drive. This week’s post focuses on the TAB methodology for this engagement with some tips and key takeaways from the project.Read More