Top 5 Global Financial Firm Processes 1.25 Billion Pages Yearly with PdfCompressor - Solution Produces ROI within a Year
One of the top five global financial firms in the United States needed to overcome the various challenges associated with high volume scanning. Based on their high volume of mortgage documents, one of the biggest challenges the firm faced was high storage and back-up costs. Another challenge was the extensive time employees waited for required documents to arrive over the network, resulting in a significant amount of wasted manhours each month. Mortgage documents must be archived and accessed for a period of 37 years. Before the use of CVISION's PdfCompressor, storing these image documents over this period of time was costly and employees were inefficient in servicing clients.
In order to reduce storage and back-up costs, the firm licensed CVISION's PdfCompressor in 2005 to reduce the size of all their mortgage documents globally. By leveraging the benefits of PdfCompressor, the firm was able to create mortgage documents that were more efficient to access, transmit, and store. Based on the continued success that PdfCompressor provided, the firm was prompted to broaden their use and increase their license over the years. Currently, the firm processes 1.25 billion pages per year.
Image documents were dramatically and reliably compressed using PdfCompressor, resulting in reduction of storage and bandwidth costs. The firm achieved an ROI within one year of using PdfCompressor. In addition, employees became much more efficient because they were able to access mortgage documents much quicker and service customers at a faster rate.