How to Manage Documents and Finances

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 documents, powers of attorney documents such as investment portfolios, banking statements, and 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.

Begin by putting all of your documents together. Sort them by type (banking documents and insurance documents, etc.). Then, sort them by the type (banking, insurance etc.) Once you’ve sorted them, place them in three folders, label them and then save them to use in the future, or simply shred them. This will spare you time from having to search through old files and will assist you in avoiding paying for products or services you already have.

A digital document management system, such as BDS, is a great method of organizing your financial records. By storing important financial information digitally it is much easier to access and locate whenever you need to. Furthermore digital records are more secure than paper. Contact us to learn how we can assist you in improving your workflow.

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