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Follow on Google News | ![]() 98% of Financial Institutions Believe Electronic Audit/Exam Preparation is a Good InvestmentA recent study by the bank document management software company AccuSystems shines light on the amount of time financial institutions spend preparing for audits and exams.
By: AccuSystems, LLC Surveying 187 community banks with combined assets of over $70 billion, the study found that over 91% of institutions stated that it would take a minimum of five hours to prepare for an external audit or exam. With regard to document management, 98% of respondents believe that a document management system that offers electronic audit/exam preparation is a wise investment. “The study indicates there is still a lot of room for growth,” says Alan Wooldridge, Co-President of AccuSystems, LLC. “Each day, we encounter new clients who are looking to get more from technology. Financial institutions can become more efficient by implementing a more comprehensive system, such as AccuAccount.” To download the full report, visit: http://go.accusystem.com/ To schedule an interview with AccuSystems, please contact Alan Wooldridge, Co-President, by dialing (800) 950-2550 or visit http://www.accusystem.com. End
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