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Bluepoint Solutions offers 5 strategies to help credit unions leverage document imaging to fuel growth and future services

White paper published today gives new insights and practical advice

NORCROSS, GA (August 20, 2015) — Bluepoint Solutions today announced the publication of a new White Paper, “Five Ways Document Imaging Will Help Your Credit Union Face the Future…While Generating Savings to Pay for It.” The report explains how updating legacy document imaging technology will pay off twice: first with hard and soft cost savings, and again by becoming the platform for meeting future member demands.

“What many credit unions don’t realize is that advanced document imaging solutions—also known as enterprise content management (ECM)—are tied to their ability to fully deploy new service options members want,” said Alissa Fry-Harris, Director of Marketing. “And because the waste and inefficiency caused by legacy imaging systems is under the radar for most credit unions, they are missing strategic opportunities, just as a new generation of tech-savvy prospective members is reaching financial maturity.”

Facing stiff competition, credit unions also face the recurring dilemma of how to allocate resources between rolling out new services and making internal improvements. Both rely on technology investments. The white paper shows how the right technology can streamline operations and generate savings that can fund new member-facing services.

“We know that every credit union employee uses, handles, prints, moves, files and stores paper documents. An AIIM study estimated the cost of this is at $4,500 annually per worker—and that’s only one of the ways paper or older imaging technology wastes resources,” Fry-Harris added. “We also found in our own annual survey that 84% of all credit unions still use paper processes, and 69% of their document imaging systems are over five years old. So we knew where to look for savings, even for credit unions that have already made efficiency improvements. Now we are sharing that information, plus specific guidance about how to get started.”

About Bluepoint Solutions

Bluepoint Solutions provides end-to-end payment processing and content management solutions to community financial institutions. More than 1,400 credit unions and community banks nationwide have deployed its enterprise technology, including the largest corporate credit unions and credit union service organizations in the country. Learn more at http://www.bluepointsolutions.com.