ONESOURCE WORKFLOW MANAGER FOR WEALTH MANAGEMENT

ONESOURCE WorkFlow Manager can help you reduce compliance risk, manage costs, and improve efficiency. The workflow and document management platform enables you to standardize, automate, streamline, and manage all processes within your organization. Ensure compliance with a user-configurable and cost-effective workflow and document management solution that can be fully implemented in a matter of weeks.

Why Choose ONESOURCE WorkFlow Manager?

Quickly store or retrieve all documents – scanned agreements, electronic documentation, client correspondence and related documents.
Manage all regulatory reviews and hand-offs.
Assign and monitor work tasks electronically.
Track compliance and management approvals.
Easily integrates Microsoft Office, Lotus Notes.
Adobe Acrobat files Utilize a "Full Text Search" capability across all stored documents.

COMPLIANCE RISK MITIGATION

PROBLEM

Wealth management institutions adopt risk management programs to comply with a growing and diverse set of federal, state and local laws in a highly regulated industry.
For federal and state audits, they must demonstrate that their department procedures adhere to bank management policies and industry regulations.

SOLUTION

ONESOURCE WorkFlow Manager can help you standardize and automate complicated processes like account on-boarding to insure that everyone follows the same procedures.
Auditors can view proof that your business is in compliance.

COST CONTROL

PROBLEM

Large costs are associated with paper-based processes and storage (paper, printer supplies, file cabinets, storage real estate, personnel time).
Becoming greener is a positive industry-trend and cost cutting initiative.

SOLUTION

You can see positive ROI when comparing license cost to operating savings.
Document imaging with indexing controlled by you addresses the unique storage requirements of trust institutions.

EFFICIENCY IMPROVEMENT

PROBLEM

Most trust departments use manual procedures that are paper-intensive and error-prone involving many people often in different locations.
Access to paper documents is limited by location and availability.

SOLUTION

ONESOURCE WorkFlow Manager offers Best Practices for designing workflows for trust institutions. Clients can add or edit workflows without Thomson Reuters or IT involvement to extend use throughout the department.
Web-based system enables collaboration among users in multiple locations eliminating time delays and costs.

DATA SECURITY

PROBLEM

Lack of security when emailing or faxing documents can violate privacy laws.
Protecting client documents on-site requires investment and controls.
Data security adds another layer of compliance risk.

SOLUTION

Off-site document and data storage ensures a level of continuity and availability and presents a desirable alternative to in-house storage from a cost and security perspective.

WORKFLOWS THAT TRUST CLIENTS HAVE AUTOMATED IN ONESOURCE WORKFLOW MANAGER

ONESOURCE WorkFlow Manager can help mitigate risk with improved transparency and tracking over critical trust accounting, compliance and management activities.