Numerous organizations, regardless of the size or industry, use and create an enormous volume of both paper and imaged documents every day. As viable access to these documents is crucial, the reality for most organizations is that the management of their documents is a territory which is inadequate. With the increasing levels of compliance regulations and required audits, both internal and external, monitoring essential documents has to be more accurate than ever. In such a scenario, advanced document management systems with the ability to efficiently capture, file, index, annotate, version, store, retrieve, organize, and share documents across an organization is critical to the overall success of businesses today. “The way in which firms handle their day-to-day documents and files can have a huge impact on their business,” says Cy Brinn, COO, VirPack. “Our Document Management and Delivery System (DMDS) provides firms a single platform for paperless operation document management across any business, as well as “one-click” delivery to business partners, auditors, and other external parties.”
Headquartered in McLean, VA, VirPack assists organizations with increasing operating efficiency and reducing costs through the use of VirPack’s software. The company keenly delivers best of breed e-solutions focused directly on client needs resulting in significant enterprise-wide cost savings.
According to Brinn, VirPack’s DMDS can create substantial efficiency gains for businesses in any industry. One of the industries VirPack has provided solutions to for almost two decades is the mortgage industry. Brinn indicates that because the mortgage industry is heavily regulated it requires the capture and tracking of substantial quantities of documents for a single residential mortgage. VirPack’s DMDS, when applied to the mortgage origination process, significantly reduces the cycle time from origination to closing and, as a result, increases production and operational efficiencies, grows realtor and builder relationships, boosts customer satisfaction, and retains talented and reputable originators.
Our document management and delivery system provides businesses with a single platform for paperless document management across the entire life-cycle of any business operation or process
“With VirPack’s document management software, users gain immediate operating efficiencies along with flexibility to configure their document workflow in the manner that is needed to keep up with such a fast-paced and ever-evolving industry while maximizing profits and customer satisfaction,” elucidates Brinn.
“We understand the complexity of unique businesses and created our document management technology so that it can be easily and quickly configured to support any type of document management process regardless of industry; our solutions have been successfully implemented for a wide array of business processes and industries,” notes Brinn.
VirPack also offers Automated Document Indexing (ADI) that is completely integrated into DMDS. ADI leverages innovative text recognition and analysis of the text to classify documents. Additional features in the latest version of DMDS are on-image annotations, including the ability to add a signature and date to an imaged document, thus eliminating the need to print, sign, and rescan applicable documents.
The company is presently concentrating on expanding their horizon to meet the market needs of various verticals, offering business agnostic solutions. They are also constantly evolving their product to make it more supportive and adaptable to any kind of business or process. “Document and image management is our single focus. We dedicate 100 percent of our resources to enhancing and expanding our platform to provide our customers with maximum efficiency and competitive advantage,” concludes Brinn.