The Docupace Blog

Docupace is pleased to announce that 1st Global Capital Corp.NPC Securities, Inc., FINRA, SIPC, RIA is now allowing their 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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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 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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Welcome to the new Docupace blog!  This site is intended to be a resource for covering topics pertaining to web-based (also referred to Software as a Service or Cloud-based computing) imaging, document management and workflow  services - particularly for the financial services industry.

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