By nature, banks must operate within a very high security environment where disaster recovery is completely assured and security can be fine-tuned. This can be difficult, since large quantities of legal and contractual documentation must be stored and accessible by numerous bankers, even across various departments or branches. Moreover, the security of information must be guaranteed over several years, even in the event of a natural disaster.
Therefore™ offers a comprehensive system to address many of the issues banks may face. By using Therefore™, the security of all documentation is guaranteed. Information can only be retrieved by employees with adequate permissions; documents can be backed up and saved in various storage devices, including WORM and NetApp Snaplock. All documents are digitally signed when they are entered into the system, and digital signatures can be affixed to documents when exported.
Collaboration is easier with Therefore™, since the same document can be viewed by numerous employees at the same time without making photocopies but modifications can only be made by the employee who has checked out the document.
Complete disaster recovery is guaranteed since primary and backup storage ensure that electronic documents are retrievable even after catastrophic events.
Use workflows to manage paper-intensive processes such as loan and credit approvals, customer complaints, and appointments.
Save all your information securely, thanks to primary and backup storage options.
Access information much faster using flexible search options such as full-text search and metadata.
Integrate with in-house banking software and external databases for ideal data flow.
A word on SOX compliance:
Therefore™ software can allow companies to achieve SOX compliance by helping them manage financial information in a traceable and secure way. The tools provided by Therefore™ generally make compliance possible thanks to its features relating to information confidentiality, integrity, and availability. Furthermore, Therefore™ provides tools for recording and maintaining audit logs as well as managing role-based access controls, including integration into frameworks like AD and LDAP.
More information on the Sarbanes-Oxley Act of 2002 (SOX) can be found on the website of the U.S. Securities and Exchange Commission.