By Roman H. Kepczyk
Quantum of Paperless
One of the easiest processes to convert to paperless with an immediate ROI is the firm’s system for depositing client checks.
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Manually receiving and physically going to the bank to deposit checks can be time-consuming and subject to too many errors. The manual procedure requires firms open mail on a daily basis, make copies to file in a binder, complete deposit slips and then send a person physically to the bank, which can easily take a half hour every day, five days per week, 52 weeks per year.
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