By Laurie Head
AIS Network Vice President
We’ve blogged about CPAs and the cloud and how IT literacy is important within the financial services sector, but we haven’t really addressed the fact that MOST of our financial services clients are using our SSAE 16 Type II-compliant hosted SharePoint 2010. Why? Quite simply, hosted SharePoint improves information access, saving time and money.
Financial services firms manage mounds of burdensome paper daily – application forms, contracts, client correspondence, regulatory and compliance reports. If the information flow isn’t managed with precision, the result will be unwieldy, unreliable processes that increase operational costs such as employee overhead, paper file storage fees and information retrieval. Failing to manage all of this information (especially in a time of unprecedented economic challenges) puts financial services firms at risk. In the face of market turbulence, economic uncertainty, increased competition, data security concerns, and more stringent regulatory and compliance issues, the firms that succeed are the ones embracing the hosted Microsoft SharePoint 2010 platform. Among many benefits, hosted SharePoint 2010:
- Provides robust data protection
- Offers high platform availability
- Optimizes workflows
- Automates processes, saves time
- Centralizes and organizes client data for search
- Reduces time spent on documentation
- Manages compliance efforts
With hosted Microsoft SharePoint 2010, smart financial services firms can overcome technical and procedural challenges to master information governance now and gain a competitive advantage in the marketplace—all without sacrificing compliance, security or attention to detail in handling customer data and sensitive information. Check out our page dedicated to SharePoint 2010 for the Financial Services Industry and let me know what you think.