Email Contact Phone Company Visit Website

Atlanta, Georgia Office

3930 East Jones Bridge Road
Atlanta
GA
US

Owings Mills, MD Office

25 Crossroads Drive, Suite 200
Owings Mills
MD
US

Los Angeles Office

11150 Olympic Blvd, Suite 600
Los Angeles, CA
US

The Hague, Holland Office

Loire 200-202
The Hague
NL

London, UK Office

Baker's Hall 7 Harp Lane
London
GB

Singapore Office

30 Cecil St. #22-02/08 Prudential Tower
Singapore
SG

Scottsdale, Arizona Office

7272 E. Indian School Road
Scottsdale
AZ
US

Jersey City, NJ Office

10 Exchange Place, 23rd Floor
Jersey City
NJ
US

Brookfield, Wisconsin Head Office

255 Fiserv Drive
Brookfield
WI
US

Sydney, Australia Office

Level 14 124 Walker Street
North Sydney
AU

Luxembourg Office

4 Rue d'Arlon
Luxembourg
LU

Uxbridge, UK Office

7 Roundwood Ave
Uxbridge
GB

Lake Mary, Florida, US Office

600 Colonial Center Pkwy
Lake Mary
FL
US

Telephone

617-217-2816

Contact

Melanie Cousins
[email protected]
Back to all Fiserv announcements

Fiserv Experiences Dramatic Growth in Enterprise Content Management Sales

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that the company signed 190 new enterprise content management (ECM) clients during 2011. Fiserv has also experienced strong year-over-year growth in this area, adding more than 1,000 new ECM clients during the last five years. In all, more than 3,100 clients use either Director(TM) or Nautilus(R) from Fiserv for enterprise content management.

ECM solutions help transform business processes by driving new paperless process and more streamlined workflows. Fiserv solutions serve a wide variety of organizations, from small community banks and credit unions to the largest financial institutions in the world. Solutions include advanced document imaging, workflow, reporting and risk mitigation tools and all are available as either in-house solutions or outsourced services.

According to a study by PricewaterhouseCoopers, paper consumption is increasing 20 percent every year and an average paper document gets photocopied 19 times during its lifecycle. In addition, 90 percent of a corporation's memory or information still resides on paper documents costing $120 in labor each time a document is lost or misfiled.

"Financial institutions are investing in ECM as part of their efforts to improve operational efficiency and to increase revenues," said Jeanne Capachin, research vice president, Commercial Banking and Spending Guides, IDC Financial Insights. "By streamlining paper-based processes, institutions can not only do more with less, they can also meet revenue-generating goals with initiatives such as improving customer on-boarding. With ECM, they speed up the process and generate revenue more quickly, as well as improving customer experience and creating the right first impression."

Pinnacle Bancorp, a $5 billion financial institution in Nebraska, recently added workflow to streamline its accounts payable system and has seen firsthand the advantages of paperless processing. "We have several vendors who now provide us with electronic invoices. We're able to bring them into ECM, process them and pay them electronically - we literally never have to touch a piece of paper," said Marty Dial, vice president at Pinnacle Bancorp.

"Fiserv has seen adoption rates of up to 85 percent for client segments using our basic document image capture and storage solutions," said Teri Carstensen, division president, Bank Solutions, Fiserv. "Now we are seeing clients move far beyond the traditional image storage systems into enhanced workflow, publishing and specialized applications like accounts payable, document tracking and report delivery. We are excited by the potential to show our clients a very quick payback on investments and help them move toward a paperless organization. Exciting new ECM solutions, like iPad integration, will further strengthen our offerings in 2012 and beyond."