Laserfiche clinches ninth WealthManagement.com Industry Award

Laserfiche has announced that it has received its ninth WealthManagement.com Industry Award in the Technology Providers - Document Management category.

The award, known as the "Wealthies," recognised Laserfiche's generative AI document summarisation tool for its role in enhancing productivity within the wealth management sector.

The Laserfiche AI Document Summarisation tool, released earlier this year, was noted for its ability to streamline the analysis of financial documents and client communications. This function aids wealth management firms in processing information more efficiently, enabling more informed decision-making.

"Laserfiche continues to foster efficient operations for wealth management firms through innovative automated solutions and modern information management," said Joman Kwong, strategic solutions manager, financial services, at Laserfiche. "By embracing hyperautomation and generative AI tools to streamline back-end processes and address compliance requirements, firms better position their advisors to focus on improving the omni-channel customer experience."

Wealth management firms using Laserfiche's content services and process automation tools have found success in reducing manual tasks and administrative costs. These firms leverage Laserfiche to create an integrated digital ecosystem that aligns essential business technologies, such as Customer Relationship Management (CRM) systems and e-signature applications, into a unified framework.

Laserfiche AI Document Summarisation plays a significant role in this ecosystem by minimising the time required to review increasing volumes of financial documents, reports, and client communications. The tool aims to empower advisors to dedicate more time to client interactions rather than administrative duties.

Kwong further elaborated on Laserfiche's strategy, stating that the company will continue to incorporate AI-powered capabilities and innovations to support organisations' digital transformation efforts. These advancements aim to help firms gain control over processes and effectively deploy AI at scale.

Each year, the Wealthies honour exceptional organisations and individuals contributing to the success of financial advisors. A panel of industry experts and influencers judges the nominations, which this year included over 1,000 entries from more than 400 companies. The selection process is highly competitive, reflecting the industry's constant evolution and the growing influence of technology-driven solutions.

Laserfiche remains committed to supporting wealth management firms through its suite of intelligent content management and business process automation solutions. By continually updating its platform with advanced AI features, Laserfiche aims to assist firms in their journey towards comprehensive digital transformation.