New Account Opening
Paragon offers a portal-based solution that streamlines the new account enrollment process from electronic application to digital signature – all of it integrated with back-end, legacy systems. From the initial customer meeting, capture of documents and information is integrated with the business process and routed through the defined approval workflow. Once the application is completed, the documents and information are stored and archived in compliance with regulatory policies. Benefits include:
- Faster new account application processing – By automating key processes such as data capture, and approvals based on predefined business rules, manual delays are eliminated or minimized
- Reduced Costs – By compressing the application processing time with process automation and integration with third parties, operational costs are reduced with support staff.
- Decreased Application Abandonment or Incompletion – With automated processing of standard applications, exceptions can be identified and handled for quicker resolution.
- Increased Operational Compliance – Automation of the process and documentation provides inherent compliance with the review/ approval policies
Strategy Roadmap