Hard dollar savings include savings in the reduction of operating costs, reduction of office equipment and maintenance expenses, reduction of file storage expenses, to a reduction in staffing.

Soft dollar savings include improved responsiveness to clients and agents, improved work environment, faster internal communications, to improved approaches to attracting and retaining agents.

Hard dollar savings can be easier to quantify but soft dollar savings can help gain that competitive advantage which is a tremendous value to any and every company.

Here are some ways to achieve savings by implementing a document management system:

• Centralize Filing and Transaction Review Activities - Enable fewer administrators to manage more transactions.
• Diminish SG&A expenses – reduce travel/shipping expenses related to delivering documents to and from the office.
• Reduce E&O exposure – prevent costly litigation with a sound document management process that includes docSTAR’s unique AuthentiDate image marking system.
• Increase Speed and Accuracy of Closings – Instantly deliver critical transaction documents to agents, clients, lenders, escrow and brokers. Once received, paperwork can be completed or corrected and quickly returned to help speed the closing process.
• Improve Customer Service – Improve customer satisfaction and efficiencies by instantly responding to customer requests.
• Trim Down File Storage Expenses – On-site and off-site storage costs and retrieval costs for existing documents can be greatly reduced. Reclaim valuable office space and achieve savings by eliminating unnecessary, and costly, storage space.
• Reduce Office Filing Supply Expenses – Agencies may save an estimated $3,600 a year by virtually eliminating the need to purchase file folders, tabs, paper, and cabinets.
• Decrease Printing, Mailing, Faxing, Overnight Delivery Expenses – Save hundreds if not thousands yearly by eliminating the need to print, fax, ship overnight, or courier documents. Documents can now be accessed online.
• Cut Copy and Fax Expenses – If an agency has 5,000 impressions monthly at $.02 each, this equals $100 monthly and $3,600 yearly.
• Publish Closing CDs – Produce an entire closing package with built-in search engine and viewer onto a thumb drive, company branded CD, or DVD for your clients.
• Recruit and Retain Agents – Agencies can attract and retain top agents by providing an Agent Portal with secure remote access to critical transaction documents.
• Leverage existing Applications – Increase efficiency with integration to existing management systems.

Get more information on docSTAR's Document Management System and find out how to boost your productivity and enhance client services!

We would like to invite you to attend a free online docSTAR Document Management – Lone Wolf webinar on May 9th at 3pm EST.
To Register for the webinar, visit: https://docstar.ilinc.com/register/cxscxb

Interested but can't make the webinar? Contact docSTAR's Dan Thomson at 518-346-7799 extension 3210 or via email at dthomson@docstar.com