Manage documents and finances
The trust department of the financial institution is typically charged with the management of a variety of important documents. This includes conservatorship and powers of attorneys documents and investment portfolios, bank statements, as well as bill payments. All of these documents are subject to strict compliance requirements, which means they need to be monitored and controlled in a structured manner.
One of the best ways to get your business documents in order is to begin by gathering the documents in one place. Sort them by type (banking documents, insurance documents, etc.). and then sort them by date (newest to oldest). After you have sorted them by date, you can label them, then place them in three folders, and store them for future use or even shred them. This method will help you save time from having to look through old files and will assist you in avoiding paying for items or services that you already own.
Utilizing a digital document-management system such as BDS is another excellent way to keep your financial documents and records in order. It is easier to locate and access your financial information when you save it digitally. Additionally digital records are more secure than paper. Contact us today to learn more about how we can enhance your workflows and help you stay compliant.