Full Results

Savings per Application

$
Current Process
Rate Cost
With Docupace*
Rate Cost
Advisor
min $
min $
Administrative
min $
min $
Back Office Ops
min $
min $
Supervision
min $
min $
Mail/Overnight
$
$
NIGO Cost
% $
% $
Total
$
$

Annual Savings per Advisor

$
Current Process
Rate Cost
With Docupace*
Rate Cost
Monthly Applications
$
$
Back Office & Reprocessing Cost
$
$
Monthly Cost per Advisor
$
$

Annual Savings for Your Firm

$
Current Process
Rate Cost
With Docupace*
Rate Cost
Monthly Applications
$
$
Monthly Nigo Reprocessing Fees
$
$
Monthly Cost
$
$

Annual Savings and Additional Revenue Potential (in 000s)

$4,000
$3,000
$2,000
$1,000
$0
Year 1
Year 2
Year 3
Year 4
Year 5
*Assumptions

Assumptions

Burden reduction: 65%

Burden reduction is the expected efficiency rate when using the Docupace ePACS ® fully electronic account opening system vs. traditional account opening.

NIGO Rate with Docupace: 8%

Not In Good Order – The percentage of applications that do not get fully processed the first time due to errors or missing information.
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Disclaimer

Disclaimer

Burden reduction: 65%

Burden reduction is the expected efficiency rate when using the Docupace ePACS ® fully electronic account opening system vs. traditional account opening.

NIGO Rate with Docupace: 8%

Not In Good Order – The percentage of applications that do not get fully processed the first time due to errors or missing information.

Saving money is just the beginning.

In addition to huge cost savings, a digital operations platform can help you to:

Save time on every application
Save time on every application
Enhance manual entry errors
Enhance manual entry errors
Reduce your not-in-good-order (NIGO) rate
Reduce your not-in-good-order (NIGO) rate
Create field validation rules
Create field validation rules
Save on mailing costs
Save on mailing costs
On average, Docupace advisors will spend 65% less time on paper work.

Docupace is the leading digital operations platform for broker-dealers and RIAs.

Schedule a 30-minute demo to learn more.