It is truly fantastic technology with very few issues matched by easy operation and maintenance. I especially like the ability of the system to recognise types of documents and given that we have something like 700 different types, the potential for fast and smooth processing is enormous. I am confident we will achieve an 18 month return on investment, which represents an outstanding success in truly moving the envelope you might say!
Document Services Manager
Arena has a longstanding partnership with the Society, having worked with Leeds Building Society (LBS) since 2004, delivering projects in support of the in-house IT team. The aims have always been to improve customer service, control information, reduce costs and ease compliance.
Faster processing of mortgage applications
Initially Arena were called upon to assist specifically with the mortgage application process. The society requires many documents including signed forms, proof of ID and so on. A constant flow of paper passed between branches, head office and the mortgage processing center and all of it had to be matched to the mortgage application file. mstore automated the process enabling documents to be called-up instantly on-screen by personnel at any LBS branch. The application processing time was reduced by 23%, to further improve customer service whilst removing the paper also increased security and reduced errors.
Arena recently deployed the society’s second generation digital mailroom solution. This brings best of breed scanning hardware from OPEX together with Arena’s mstore software to enable fast and accurate processing of incoming mail. It aimed to provide the fastest possible mail bag to desk process through automating as much of the process as possible.
Integration of the system with the society’s core database systems is a central part of the mailroom identification and routing system. Incoming mail is scanned directly into mstore and attached to existing related data for quick reference on-screen by customer service operatives. This places accurate information at the fingertips of staff responding to customer queries much earlier than was previously possible. LBS have the peace of mind of knowing that all documents are securely stored and can be activity audited as required by FSA guidelines. It is this commitment to leading edge efficiency solutions which has helped LBS maintain an enviable asset to cost ratio within their sector.
Paul Thompson, Document Services Manager at Leeds Building Society (pictured) is delighted with the benefits of the system; “We set a three phase plan to test and run the overall electronic capture process and we can already see tangible and significant results of major impact. We have uploaded some 75% of legacy files whilst streamlining the intake of new material which amounts to approximately 5000 units per day. This has been done with minimal prep time and saving the physical transport and damage aspects of hard copies. It is truly fantastic technology with very few issues matched by easy operation and maintenance. I especially like the ability of the system to recognise types of documents. Furthermore it also recognises various optical character systems such as barcodes, OCR and OMR. Given that we have something like 700 different types of documents, the potential for fast and smooth processing is enormous. I am confident we will achieve an 18 month return on investment, which represents an outstanding success in truly moving the envelope you might say!”