Account Opening & Workflow with Laserfiche

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Timothy Welsh, CFP®, President, Nexus Strategy LLC
Becoming a Billion Dollar Firm

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Laserfiche
Digital Transformation Model

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Digitize Documents Organize Content Automate Processes Streamline Processes Transform Processes

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Digitize Documents Organize Content Automate Processes Streamline Processes Transform Processes

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Digitize Documents Automate Processes Streamline Processes Transform Processes
2
Organize Content

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Digitize Documents Organize Content Streamline Processes Transform Processes
3
Automate Processes

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Digitize Documents Organize Content Automate Processes Transform Processes
4
Streamline Processes

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Digitize Documents Organize Content Automate Processes Streamline Processes
5
Transform Processes

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PHASE 1
Digitize
Documents

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Phase 1 Digitize Documents

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Does This Look Familiar?

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Free Binder Clips, Anyone?

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Phase 1 Digitize Documents
•Reduce document storage expenses
•Secure critical documents with disaster recovery
•Easily manage access to sensitive content
•A paperless office
Rewards

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PHASE 2
Organize
Content

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Phase 2 Organize Content

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Phase 2 Organize Content
•Minimal data entry and reduced human error
•Centralized, secured document access
•Enable document collaboration
•Fewer duplicate work tasks
Rewards

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Phase 2 Organize Content

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PHASE 3
Automate
Processes

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Phase 3 Automate Processes

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Phase 3 Automate Processes
“Don’t touch the software until all
processes are mapped out in
excruciating detail”
Half of all IT projects fail.

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Phase 3 Automate Processes
• Increased productivity and elimination of
manual tasks
• Standardized, mapped-out processes
• Easy integration between applications
• Simplified compliance that addresses
regulatory concerns
Rewards

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PHASE 4
Streamline
Processes

25. CRM Laser App Clearing
House
NIGO/IGO
& Suitability
Review
Wet or Digital
Signature
Classic New Account Opening Workflow

26. CRM Laser App Clearing
House
NIGO/IGO
& Suitability
Review
Wet or Digital
Signature
Laserfiche Forms—Process Management
New Model for New Account Opening

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31. Blotter/Nothing-to-
Blotter submission
Blotter review and check
for completeness
Review and Sign Off Retain on file
Capture Content Check for
Completeness & Accuracy Review & Approval Publish & Preserve
Request additional
information
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Blotter/Nothing-to-Blotter Processing
Laserfiche Forms—Process Management

32. Application submission
Application review and
check for completeness
Interview and evaluation
Retain on file
Content Capture Check for
Completeness & Accuracy Review & Approval Publish & Preserve
Request additional
information
32
New Rep Onboarding Processing
Laserfiche Forms—Process Management
Hiring
Decision
Yes No
Onboarding process
Performance review
process
Open enrollment process

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Phase 4 Streamline Processes
•Streamlined, simplified business processes
•Improved compliance, data oversight
and data quality
•Ability to reach optimal staffing
levels using analytics
•Increased vision into process
health and performance
Rewards

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PHASE 5
Transform
Processes

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Phase 5 Transform Processes

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Phase 5 Transform Processes
•Predictive analytics create new ways to improve
doing business
•Processes are built for growth and to support
organizational goals
•An agile business ecosystem
Rewards

37. Laserfiche Demo
Insert Video Here

38. CRM Laser App Clearing
House
NIGO/IGO
& Suitability
Review
Wet or Digital
Signature
Laserfiche Forms—Process Management
Become a Billion Dollar Firm
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