Manage your finances and documents

The trust department of the financial institution is typically in charge of managing a range of important paperwork. This includes conservatorship documents, powers of attorney documents such as investment portfolios, banking statements, and bill payments. All of these documents must satisfy strict standards of compliance. This means that they need to be tracked and managed in a systematic way.

One of the best methods to get your company’s documents organized is to begin by gathering them all together. Then, sort them according to kind (banking and insurance, for instance.) and then by date (newest to oldest). Once sorted, you can arrange them in three folders, label them and then store them away to be used in the future or even shred them. This will prevent you from spending time searching through old files and will also help you avoid paying for products or services that you already have in your possession.

Utilizing a digital management system such as BDS is a great method to keep your financial records and documents in order. It is easier to find and access your financial information when you keep it in a digital format. Additionally, your documents are more secure in digital format than on paper. Contact us to learn more about how we can improve your workflows and help stay compliant.