How would your financial services business benefit if you could eliminate paper? Investment firms, banks credit unions and others in the industry face challenges as they look to update outdated technology, comply with federal regulations to include the Gramm Leach Bliley Act (GLBA), and keep up with ever-growing consumer demands. Digitization ends the need for paper, automates core business processes and helps in many other ways. See how Community Business Lenders (CBLSC) was able to create a business that would have been almost impossible using paper.

CBLSC is an Iowa-based credit union that offers loans, underwriting, documenting, and closing services to its members. Managing a loan business can utilize a tremendous amount of paper, can become expensive and is very time-consuming. On average, loan packets are thousands of pages long and need to be distributed to multiple people across multiple states. Rather than miring its business in paper, CBLSC went looking for a solution that would allow them to run paper free from the very beginning.

CBLSC worked with Imagetek, a Digitech Systems reseller, to implement PaperVision^® Capture to scan loan documents into digital files and ImageSilo^® to store the documents in the cloud. The company credits this digital transformation with helping set up a business model that is so successful the company is already branching out to other states.

“I don't know that we could do the business we do without ImageSilo. The physical aspect of trying to deliver what our partnerss need on paper would be impossible. Even the money savings of running a business without paper is incredible. By not printing 1.29 million pages a year, at five cents per page, we are saving over $64,000 in printing costs alone”

- Ginger Heckman, Manager of Business Development, Community Business Lenders