The Docupace Blog

Gartner Group just annouced that worldwide cloud services revenue is forecast to reach USD 68.3 billion in 2010, a 16.6 percent increase from 2009 revenue of USD 58.6 billion. They expect that industry to be poised for strong growth through 2014, when worldwide cloud services revenue is projected to reach USD 148.8 billion. Though we at Docupace don't necessarily have the same reach as a Gartner Group, we have definitely noticed that clients are rapidly embracing the idea of outsourcing more and more of their operational services. In following that logic, Ben Pring at Gartner said "The scale of application deployments is growing; multi-thousand-seat deals are increasingly common. IT managers are thinking strategically about cloud service deployments; more-progressive enterprises are thinking through what their IT operations will look like in a world of increasing cloud service leverage. This was highly unusual a year ago." We certainly agree.

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Docupace is pleased to announce that Questar is allowing advisors to utilize Docupace for their secure, paperless office solution.

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Docupace is pleased to announce that 1st Global Capital Corp. Member FINRA, SIPC, is allowing advisors to utilize Docupace for their secure, paperless office solutions.

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Docupace is pleased to announce that Dewaay Capital Management and Dewaay Financial Network are allowing advisors to utilize Docupace for their secure, paperless office solution.

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Docupace was recently highlighted in an Investment News article by Davis Janowski called 'Software is a key to document managment'. It a nice article reviewing the evolution of imaging and document management as not just an online storage system by a way to to streamline advisor's workflow. Rather than summarize the article, I suggest you read the article. Its a good read: http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20100131/REG/301319972

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There was an interesting article that was recently released about some of the fastest growing job opportunities in the finance industry over the next few years:   Financial Examiners and Compliance Officers.

The article states that the number of jobs for financial examiners is projected to grow more than 40 percent from 2008 to 2018 and should account for 38,000 new jobs.

 That may not sound like alot across a country that has more than 200 million jobs when fully employed, but it represents the ongoing concern around COMPLIANCE and all components associated around it:  People, Policies and Technology.

 The article can be found via this link:

http://www.washingtonpost.com/wp-dyn/content/article/2009/12/11/AR2009121104872.html

 

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Mutual Securities out of Agoura Hills is now Docupace Friendly!

Advisors looking for an approved SEC/FINRA compliant document storage solution can confidently move forward with Docupace as an approved vendor at Mutual Securities.

 

 

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First, what does 'Docupace Friendly' mean?

Due to the independent nature of most BDs, Advisors are generally offered multiple 'certified' solutions that have been reviewed and vetted by the Broker Dealer.  Though advisors aren't required to select one of these vendors, they generally can choose one with more confidence due to the review by the BD. These include platforms such as CRM, Portfolio Management and yes, imaging/document management.

A 'Docupace Friendly' BD, is a firm that offers Docupace to its advisors as an approved SEC/FINRA compliant imaging and document management solution.   On behalf of the Broker Dealer,  Docupace will submit letters to SEC/FINRA providing the necessary background information to ensure the BD is approved to utilize Docupace.

To date, every BD that Docupace has submitted letters on behalf of, has been approved. 

Second, why is this important?

Advisors that select Docupace can scan and store documents with confidence that is not only SEC/FINRA approved but also a solution auditors high recommend due to the feature set and ease of use.

Also with all the active movement in the industry right now the portability of Docupace is a key feature.  Many advisors have switched BDs and have asked Docupace to reach out to the new BD compliance group for certification. This is normally completed in a matter of weeks.

So not only can an advisor feel comfortable that they have a SEC/FINRA certitified solution, but they can most likely take it to ANY BD they move to.

As BDs become 'Docupace Friendly' we'll let you know.

If you are interested to know if your firm is already 'Docupace Friendly', please contact Docupace to find out at 310-445-7722. 

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Docupace has just launched a user discussion forum using Google Groups.  This is a place for Docupace users to connect with other Docupace users for help and tips in using the system.   Docupace experts will also be online to provide responses, as necessary.   We encourage everyone to participate.  If you are interested, please select the link below:   http://groups.google.com/group/docupacetechnologies
When requesting permission to attend, in the "Additional Information" box, please provide your name, your company and Docupace site.

 We encourage all our Docupace clients to join and provide commentary.

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Docupace was invited to present it solution as part of the Laser App Partner Spotlight this past Thursday.

 It was the most attended Laser App Partner Spotlight this year!

The majority of the presentation was dedicated to the demo - not only to highlight the Docupace solution itself, but to really showcase our newest offering which is the LaserApp - Docupace integration.

 We presented our view of the 'First Mile' of straight-through processing for an advisor.  It would look like this: 

1. Rep is in CRM (any integrated with LaserApp)
2. Rep launches LaserApp and finishes populating pertinent data
3. Rep select the 'Send to Docupace' button.  The data is automatically sent to Docupace and a shell record is created.
4. At the same time, a barcoded coversheet is created with the appropriate barcode information to route the document to the shell record.
5. Client prints out laserapp form and coversheet.  Client signs the document.
6. Rep scans signed document and coversheet.  Document is imaged and routed to the record in the correct place in the system!

From there, the documents can start the workflow from the field user to the back office (in Docupace).    

 

Once the process work is created, the completed records are routed to the clearing house.

Single copy of the document!!

 

The presentation was recorded.  If you are intested in receiving a copy to learn more, please request the copy to anthony_embrogno@docupace.com.

 

 

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