From the point that a client first interacts with a firm, applications and forms are scanned and the new accounts process becomes a fully automated electronic workflow. Document duplication and handling by multiple points of contact are eliminated in this electronic process, significantly reducing the cost of the entire workflow. Clients benefit from effortless tracking, convenient image retrieval from any Internet-connected desktop, and the opportunity to refocus their human resources on activities that help grow their business. PostEdge provides firms with the ability to direct distribution by an individual investor's preference - standard mail, electronic delivery, or both. PostEdge was enhanced in 2000 to include a more robust document archival feature.
Archived documents are unalterable, available in several formats, and can be quickly accessed.
The speed and convenience of this new feature combined with the cost savings created by eliminating postal fees made PostEdge ever more popular in 2000 with more than 1.2 billion images electronically stored. This web-enabled solution greatly reduces the program installation, management overhead, and upgrade processes for the operations professional. The Funds Processing Service Bureau was recently expanded allowing Hedge Funds, Fund of Funds, and other Alternative Asset Managers to outsource their entire back-office operations and accounting functions, significantly reducing the cost to process these transactions. The services provided include broker reconciliation, portfolio valuation, daily and monthly NAV calculations, reporting and much more. Strategic Acquisitions ADP's Wilco International business has recently acquired two firms to enhance its strategic initiatives.