Docupace Technologies and Efficient Technology, Inc. Introduce Real-Time Paperless Processing Service
Posted on Thursday, January 26th, 2012 in Blog, Featured, News.
LOS ANGELES, Jan 23, 2012 – Financial advisors continually struggle with efficiency and productivity issues in their day-to-day business operations. Solutions providers, such as Docupace Technologies and Efficient Technology (ETI), are committed to reducing errors, costs and labor through the smart use of systems and technology. The two firms announced today at the FSI Conference in Orlando, Florida, that they have partnered to bring a new standard to the industry.
This exclusive arrangement will bring turnkey, straight-through-processing solutions to advisors through institutional relationships with some of the nation’s largest independent broker/dealers, clearing firms and custodians. Docupace will leverage ETI’s Quik! enterprise forms automation service through the Docupace ePACS system. This will include an up-to-date library of proprietary industry and customer forms.
“This partnership represents a new standard in our industry. Quik! forms are an integral part of ePACS and are offered at no additional cost,” says Docupace CEO Michael Pinsker. “Why pay extra to fill out forms that don’t integrate or work within your process? With ePACS and Quik! our customers get everything they need for opening accounts and processing transactions in real-time, all for a low price, in a turnkey solution.”
The ePACS(R) cloud-based account opening service coupled with the Quik! forms library gives advisors the ability to seamlessly perform any transaction necessary. Over the past 10 years, Docupace has developed a set of best practices rules and operating procedures. These rules and procedures enable the ePACS system to be turned on rapidly and to deliver immediate reductions in errors, costs, shipping, paper, phone calls and labor.
“We have reviewed the ePACS concept, and believe it offers the ability to process both brokerage and direct business on a single electronic platform at an enterprise level. Broker/dealers have been seeking this capability to significantly improve their operational efficiency” says Gwen Rogers, Vice President of Client Services at Williams Financial Group, an independent broker/dealer based in Dallas, Texas. “Integrating the catalog of Quik! forms within the ePACS solution, should enable advisors to pre-populate the data; any solution that reduces the need for redundant manual data entry provides real value to both investment professionals and the broker/dealer’s back office.
“Based on an online subscription model, the ePACS service is priced competitively,” says Richard Walker, CEO of Efficient Technology Inc. “From start-to-finish, it is customizable and adaptable to organizations of any size. ePACS value now even greater thanks to the seamless integration of our enterprise forms automation service. Through our partnership with Docupace, we are pleased to provide a real-time, paperless straight-through-process that is cost-effective and easy to use.”