"We used manual calendars to schedule document updates, which made it easy to miss a date. Now the system sends e-mail reminders when something requires updating. It also links to related documents that might be affected by an update. Even more, a policy or procedure often needs to be signed off on or reviewed by others. With the Lucidoc system, we can automate distribution and reviews and even get an electronic signature."
-Executive Vice President, Anchor Bank
Community banks and credit unions are regulated by their state governments, the federal government, and groups such as the SEC, Fair Housing regulators, and insurers. Recent legislation, including the Sarbanes-Oxley Act, has increased both civil and criminal penalties for compliance failures.
Banks must be able to show their regulators conformity and compliance through regular performance audits and prospective evaluations of their documentation. As banks move toward more and more "micro-branches," this becomes increasingly difficult.
The Lucidoc system provides a solution for keeping documents up-to-date, distributed, and in compliance with constantly changing regulations.
Lucidoc for HR: Connecting Policy Management to Operations Management
"As we've added new branches, we use the system to push corporate information instantly to the new branch. This enables new employees to get up to speed quickly and feel like a knowledgeable part of the team."
-Senior Vice President, Anchor Bank
