 New
accounts are the genesis of all business relationships.
We understand that starting with the new account process and continuing
every time you have contact with your clients, you have an opportunity
either to impress them or lose them. The traditional account opening process
can be an intensely manual, paper-driven process, taking days, if not
weeks (and at times, months) to complete. The most obvious pitfall for
most businesses is the time lag between gathering the account information
and valuation and the transfer of assets. Delays can create high levels
of risk and frustration for all parties involved.
There are also high levels of operational risk involved in opening a new
account as the paper-intensive, highly manual process often leads to errors
stemming from manual entries into multiple systems to process the applications.
Creating a seamless, automated, cost-efficient, account opening process
is a key to establishing successful, long-term business relationship for
financial institutions. MSCS has developed a fully automated account set-up
process, creating another value added customer solution
.
MSCS uses electronic mutual fund account opening applications to reduce
paperwork and shorten the time is takes to open an account.
- Fully automated and streamlined process.
A dramatic reduction in paper and manual processing means distributors
can focus on what they do best — creating new business opportunities
and servicing customers.
- Shortened time out of the market. Quick access
to funds through our money settlement system can reduce time out of
the market during the conversion process.
- MSCS open up 95% of all account within three
business days on a monthly volume of more than 10,000 accounts per
month.
Automated account opening and mutual fund trade processing
allows MSCS Customers to offer flexible product offerings with unprecedented
productivity gains. Automation also favorably impacts your company’s
bottom line by reducing costs and freeing up resources tied to a manual
environment.
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