Filing Costs Point to the Need for File Management in the Cloud
‘Filing’ is a vital word in the world of brokers and financial advisors. It may not seem like much, it’s a task that’s seen as the bottom rung in a lot of organizations. But in industries where you’re constantly dealing with new documents, a proper file management system is a must. As well as being a vital part of the process, filing is also an expensive business cost. If you rely on a paper file management system to store your documents, your ongoing costs will be significantly higher than a broker who stores all of their documents...
read moreWhat is your File Management System?
As a broker or financial advisor, you deal with a lot of files. Your clients send you documents of all shapes and sizes on a regular basis. With such a high volume and wide variety of documents, an effective file management system is vital. There are a number of different ways that brokers tend to approach file management, with varying levels of complexity and success. Ultimately though there are two types of file management system in a brokers office; one paper and one digital. Each of these systems have their own benefits and their...
read moreMost Brokers Make the Same Data Backup Mistakes
Brokers and financial advisors have a lot of data to deal with. They receive documents of all shapes and sizes from their clients, from payslips and letters to annual bank statements. Data backup and storage are key challenges that brokers need to overcome. Unfortunately, at the moment, a lot of brokers are struggling with data backup. They either don’t back up their data or they back it up in an ineffective manner. A lot of these mistakes are common to most brokers, and in most cases they’re costing them money. No Data Backup Plan The...
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