Path Solutions, the market leading provider of Islamic and investment software solutions and DocuWare, a global provider of integrated document management solutions, represented by ITEC Image Technologies in the GCC, Levant, Iraq, Yemen, and Libya, have entered into a strategic agreement to deliver document management system solutions to banks and financial institutions.
Founded in 1988 and headquartered in Germany, DocuWare is an international company offering Integrated Document Management Systems (IDMS) solutions that target small to mid-sized financial institutions, government agencies and departments in large organizations. ITEC Image Technologies, the authorized and licensed representative of DocuWare software products, is headquartered in Jordan with an active branch in Bahrain and has been providing latest technologies in e-Document and e-Process solutions to commercial and governmental clients in the Arab world, for more than 20 years.
DocuWare offers state-of-the-art document management system software for professional Enterprise Content Management that will enable Path Solutions’ clients to manage, monitor and search their documents electronically in an optimized and efficient way. Regardless the documents’ source or format, they can be processed automatically. This means that both paper and electronic documents such as correspondences, records, e-mail, MS Office, spool files and many others can be stored, shared and managed from a centralized document pool. Additional records management features ensure that access to documents and their contents is secure, controlled and logged at all times.
Commenting on this partnership, Path Solutions’ Group Chairman & CEO, Mohammed Kateeb said, “We are proud to welcome ITEC Image Technologies in our partner ecosystem. This partnership is indeed a significant step to enhance and extend the value of integrated technology. This solution will help banks address their day-to-day challenges in managing and organizing all documents electronically and to cater more closely to the demands of customers”.
For his part, Mohamad Ameer Al Dirini, Executive Manager, ITEC Image Technologies commented, “It is a great pleasure for us to partner with Path Solutions, a recognized leader in the Islamic banking software market. This partnership will enable us to target a strategic growth area and offer Islamic banks the latest technologies in document management. Our solution combined with Path Solutions’ offering will guarantee a very high return on investment and create value for the organization”.
According to a recent survey, 83% of financial institutions see a positive ROI from investments in document management software. The biggest paybacks using this software come through faster access to a centralized document repository.