FOR IMMEDIATE RELEASE:
International private bank
grows with the help of document imaging developer.
Miami, Florida,
3/27/2003 —
American Express Bank International
purchased the assets of a smaller private bank that managed the
financial accounts of over 800 affluent international clients.
The goal was to make this process completely transparent to clients.
This proved to be more of a challenge than originally estimated.
Yet, with the proper help, were able to provide the highest
level of service as promised. The project was completed
on-time and on-budget.
This newly acquired bank had an
existing imaging system which turned out to be very unfriendly
and inflexible. Unfortunately, the existing system did not
allow the transfer of the existing images to any other imaging
system. The vendor of the imaging software refused to work
with American Express to extract the images.
American
Express turned to software developer and integrator Imaging101,
Inc. of Weston, Florida.
After reviewing all the available
options, the Imaging101 team suggested that the documents stored
in this proprietary system were not identified or indexed
properly. It would be very difficult to introduce them and
make them useful in the existing American Express imaging
system.
Imaging101 suggested it would be
faster, less expensive and safer to scan all the original paper
documents, index them properly and import them into the existing
American Express imaging system. Since their resources were
already stretched by this new acquisition, American Express
opted to hire Imaging101 to handle the job of scanning and
indexing of over 90,000 documents.
Due to contractual arrangements; it
was critical that all documents become available within a 30-day
period. Because of the type and condition of these documents,
in addition to the manner in which American Express needed to
have the documents coded, OCR and Bar-coding was not a viable
option. Imaging101 attempted to perform this conversion with a
third-party scanning and indexing product.
Additionally, the newly acquired
documents did not have the descriptions of American Express’s
documents. This meant that each time the indexers came across a
document they did not know how to classify; they would have to
ask the appropriate American Express representative. If the
American Express personnel were not available, indexers would
have to wait. Too often, the indexers would identify the
documents wrong. It soon became apparent that even with four
(4) people this process would take between 60 and 90 days.
The Imaging101 indexing module was
modified to optimize the scanning and indexing process and to
allow filing the images into the existing American Express
imaging solution. Over a dozen special features were added to
Imaging101 indexing module to handle the document identification
problem and to allow flagging documents they could not identify
and keep working.
Because the Imaging101 solution was
so efficient, the scanning and indexing was reduced to only two
(2) people, one of whom had very little indexing experience.
The need to ask for help from American Express personnel was
reduced to only a few per day. The project was completed
on-time and on-budget.
About
Imaging101
Imaging101,
Inc.
is
a Florida Corporation based in Weston, Florida. Imaging101
provides affordable, yet powerful, document imaging solutions
and services for business. Imaging101 offerings are
differentiated by a deeply ingrained attitude of carefully
listening to customers, innovating on their behalf, and
delivering solutions as part of a results-oriented
relationship. Imaging101 provides affordable solutions that
provide measurable business results. For more information about
Imaging101, visit
www.imaging101.com
About
American Express Bank International
American Express Bank
International is a Private Bank that provides a range of
wealth management services specifically designed for individuals
with $1 Million or more to invest. The Private Bank has an
extensive global network that has grown and developed throughout
the years to meet the needs of our clients. American Express
Bank currently has 75 offices in 38 countries around the world.
The private bank is a part of the American Express Company, a
global leader in financial services, travel, and credit and
charge cards. For more
information, visit
www.americanexpress.com
Source:
Imaging101, Inc.
CONTACTS:
Mike Russo,
Imaging101, Inc.
Voice
954-659-3101, Fax
954-659-1301
eMail info@imaging101.com,
Web http://www.imaging101.com
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