By electronically storing and organizing your documents in a single repository, Hyland's content services platform gives you many competitive advantages. Not only does it allow faster access to information, but it also guarantees consistent and timely management and disposition of documents. This facilitates easier audits, ensures compliance with internal and external standards and prevents costly legal battles.
Employees no longer spend time searching for, tracking and managing paper. Instead, they focus on projects and roles that bring value to the organization and make a difference to members.
Keeping you in compliance with regulations and prepared for audits, the solution logs every time a user accesses, views, edits or acts on a document. Executives and managers have easy access to review all audit logs to ensure everyone is following the organization’s rules. You even have the ability to make the audit logs available to external auditors via a secure website, helping to avoid costly penalties and ensuring corporate and industry compliance standards are met while reducing the cost of and billable hours for external auditors.
With the Hyland content services platform, your credit union:
- Ensures consistent record keeping, guaranteeing the right information is available to the right people
- Automates document retention to provide consistent disposition
- Responds to audit requests and legal concerns without hesitation
Proactively comply with evolving regulations
In today’s regulatory environment, financial institutions need to make sure their systems are secure, auditable, traceable and flexible enough to quickly adapt to any new regulations like Dodd-Frank. They also have to be able to adapt to new requirements coming from the Consumer Financial Protection Bureau.
Hyland provides the tools to ensure consistent record keeping while guaranteeing the right information is available to the right people. And its flexibility means it evolves with financial institutions and the regulations that govern them.