17 July 2018
Visit www.avoka.com

BNP Paribas deploys ITESOFT fax management system

12 November 2004  |  2035 views  |  0 Source: ITESOFT

Leading document capture and processing software company, ITESOFT, is to supply its automatic document management and processing solution, ITESOFT.FreeMind, to BNP Paribas Securities Services to process the large volumes of faxed orders received from its European subsidiaries as part of its EUROPEAN CASH HUB project.

Part of the overall EUROPEAN CASH HUB programme, the FAX project involves centralising the automatic capture and processing of all faxed payment orders issued by all BNP Paribas Securities Services' clients in Paris, Milan, London, Luxemburg, Frankfurt, Madrid, Zurich and Athens, improving the workflow process and guaranteeing 100% document tracking.

Dominique Sauvage, Head of IT for Cash, Risk & Finance said: "ITESOFT's solution meets two of our project's critical requirements: real-time processing and tracking. We receive 250 to 500 faxes daily, concentrated into a short period of time, with 50% of requests reaching us between 11a.m. and 2p.m. It is vital that every request received during this intensive period is processed without delay.

"Processing security is equally critical for us as we process transfers daily worth several billion euros. No transaction is allowed to proceed before it has passed a range of contextual and dynamic checks built into the system, providing us with a guaranteed level of confidentiality, reliability and tracking for all information carried by the system."

ITESOFT.FreeMind will automatically retrieve all faxes arriving at the central FAXCALL server; recovering the relevant information and transmitting it to BNP PARIBAS Securities Services' specialist dedicated application. Fax images will be systematically archived, ensuring that they are available for consultation following execution of any orders. The project is scheduled to become fully operational in November 2004.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit http://go.jumio.com/finextraAdVisit https://secure.vasco.com

Top topics

Most viewed Most shared
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
10232 views comments | 19 tweets | 30 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
9136 views comments | 5 tweets | 14 linkedin
Championing financial inclusion and helping the UnstoppablesChampioning financial inclusion and helpin...
8614 views comments | 3 tweets | 1 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
8512 views comments | 6 tweets | 14 linkedin
Citi to streamline corporate receivables with HighRadiusCiti to streamline corporate receivables w...
7618 views comments | 1 tweets | 5 linkedin

Featured job

Basic c Euro 120K, Variable Euro 120K - full ben...
Paris prefered London possible

Find your next job