Litera: Ensuring Effective Content Life Cycle Control

Five years after the global financial crisis, the banking industry is entering a new phase in its post-crisis journey, with a sharper focus on boosting profitability. Using the latest technology, banks work to identify fresh business niches, develop customized services, implement innovative strategies and capture the latest market opportunities. However, while banks experience a strong recovery, they continue to struggle with the challenge of effectively reporting and coping as regulation continues to evolve and create an ever-tighter environment. Subsequently, as more data is collected on various aspects of banking operations, “banks fail to be transparent and accurately report to both regulatory agencies and the general public,” states Paul Domnick, President, Litéra®. “Between the complexities of data protection, governance, and compliance, for most organizations, the new problem is not lack of control over structured data; this is a problem that most have addressed. The emerging issue is controlling unstructured data contained in email, contracts and all other documents.” To help banks prevent financial crime, protect their reputations, and create value, North Carolina-based Litéra® offers a comprehensive solution set which enables banking organizations to efficiently create, control and collaborate on unstructured content.

“Our solutions allow banks to improve the productivity of every employee and implement appropriate controls that keep everyone working within corporate policies,” says Domnick. The firm’s tools provide the control and confidence needed when working with spreadsheets and audit papers, annual reports, income and balance statements, audit reports, regulatory filings, complex supply-side or sell-side contracts and other sensitive, high-value documents. “Our integrated solutions ensure the organization is protected from unintended disclosures and errors which can be easily missed during manual review processes,” says Domnick.

Litéra’s solutions streamline workflow to help businesses create, control and collaborate on documents at a rapid pace. The firm’s product, Innova™ helps to consistently and correctly create documents from easily customized templates without writing a single line of code. Additionally, Content Hub™ from Litéra® empowers teams to generate documents, proposals and presentations in minutes from the organization’s best and approved content; this eliminates the risk of incorrect or outdated content being used when creating a new Microsoft® Word or PowerPoint deliverable.