Speech Details Bank Project to Get Rid of Paper in Loan Processing

April 15, 2010

Tools

Bank of Oklahoma Financial and Imagine Solutions Co-Present at TAWPI in Dallas on May 13

DALLAS--(BUSINESS WIRE)-- On May 13 in Dallas, Texas attendees of TAWPI’s Fusion 2010 Forum and Expo will hear how Bank of Oklahoma Financial (BOKF) achieved 30 percent savings in loan operations in three months while significantly increasing customer service and reducing loan processing time.

The speech, presented by Charles Anderson, Senior Vice President, Bank of Oklahoma Financial, and JD Hicks, President of Imagine Solutions, will describe how the bank deployed image capture technology to convert commercial and consumer loan processing files from paper to image. It will address the project’s staged approach, the business case that detailed where and when savings would be realized, the “image lab” created for employees to ingest back files while becoming familiar with the technology and process, and the ease of implementing and training on Imagine Solutions Encapture®.

Among the results covered will be: where and how savings were achieved, faster processing times, minimal impact on IT and existing systems, workflow measures to ensure security and compliance, reductions in inquiries from partners and external customers, higher employee retention and morale, lower document retention and storage costs, and the overall reduction in paper.

Imagine Solutions’ Hicks states, “Paper-intensive processes are hindering banks’ ability to recover smoothly from the credit crisis. By converting to image capture with robust workflow capabilities, they can increase their margins and customer satisfaction. BOKF’s leadership in this field shows how today’s technology has advanced to the point that it can be installed with little impact on banks’ existing systems and only minimal use of IT resources, and deliver sizeable savings almost immediately.”

To register for the conference, go to www.tawpi.org.

About Imagine Solutions

Imagine Solutions provides comprehensive ECM solutions to paper-centric, people-intensive, and compliance-driven industries. By proactively capturing and managing content, processes and records, the company’s ECM solutions create value and transform business processes, delivering operational savings of 30% or more along with reduced audit and compliance exposure. The company is the most extensively-certified IBM FileNet solutions provider. Clients include North America’s largest financial institutions as well as leading companies in the insurance, healthcare, transportation, energy, consumer, utilities, and construction industries. The Dallas-based company was founded in 1998. Follow us on Twitter!