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Should you choose point solutions or an integrated platform?

By Ron Wallis - Chief Technology Officer, Docupace

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Opening and maintaining accounts requires filling out a lot of paperwork with a ton of repeated information. It’s a lengthy process, and every error makes it longer. What if you could eliminate errors and delays from your new business workflows? With Docupace, you can shrink processing times from days to minutes....

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by Docupace
| 01/01/2022 12:00:00

There’s no turning back; the wealth management industry is going digital. The question is: how will your firm get there?

In this whitepaper, we break down the pros and cons of choosing point solutions or an integrated platform to accomplish key digitization goals like implementing document management, automated workflows, and compliance tools.

Which strategy is best for growth?
For individual projects, point solutions are seen as “best-of-breed,” typically cost less in the short term, and don’t always require external support. However, when a firm’s digitization strategy is considered as a whole, many of these advantages disappear.

In this whitepaper, we compare point solutions and integrated platforms based on the following criteria:

  • Modularity
  • Cost
  • Support
  • Integrations
  • Quality
  • Infrastructure

Click on the image below to download the whitepaper and learn which approach is best for your firm