Paperless across the branch drives revenue across the enterprise. Significant reductions per year — more than a million pages, in some cases — can mean:

• better than 40% decrease in output
• 50% less need for certain paper consumables
• 50% less handling

Factor in courier costs reduced by more than half, along with an optimized workforce, and savings can easily be in the millions per year.

Paper files get passed from person to person. Deposits and other numbers are transcribed in error. Customers and officers await validations. The paperless branch changes all that, achieving:

• at least 50% reduction in audit processes
• 100% quicker approvals
• 90% reduction in deposit corrections

And perfectly accurate files can be instantly retrieved, at any branch in the system.

"Paper trails" are notoriously weak. Paper identification is known to fail. Capturing check, signature and document information digitally, with perfect accuracy at the moment of presentment, means

• eliminating the 3% of documents lost which cost approximately $120 per document to re-create
• a more enjoyable audit process

These security and tracking benefits extend from the teller line all the way to the safety deposit boxes — where digital encryption replaces paper access cards.

It's amazing but true: The average paper document gets copied 19 times. You know how much time associates spend faxing, copying and retrieving — while customers wait unattended at the desk. The paperless branch offers

• more face time with customers
• additional cross-selling opportunities
• improved customer relationships

Customers will appreciate the focus on them, and associates will be able to take advantage of the opportunity to uncover additional areas of need.