How LRS Solutions Benefit Financial Services Providers
Different solutions for different output increase the complexity within an organization. And it also compromises visibility. Some even go as far as to have two print management solutions, one for standard office applications and one for critical business applications, such as SAP. Then there is software for scanning, for archiving etc. LRS can provide one middle layer that manages all document output and digital storage. Standardizing on one single solution optimizes visibility and reliability throughout the organization.
LRS minimizes the risk of identity theft, customer loss, reputational damage and reduces the possibility of consequential compensation claims.
Monitoring and control are key security requirements. Traceability a must when confidential data is involved. If data is not monitored, there is no security. LRS tracking software 'follows' documents and generates reports which indicate who printed a confidential document. LRS software also allows administrators to limit or restrict printing certain documents. These benefits are not limited to traditional office printing, but are also capturing the same data for mainframe, critical business applications and/or other systems.
LRS software generates over 260 attributes during document capture, delivery and other processes pertaining to document management.