BWI: Pitney Bowes India Launches “DocWell” an integrated document Management Solution for Stock Broking Houses

Press release from Business Wire India
Source: Pitney Bowes Inc.
Wednesday, December 08, 2010 11:34 AM IST (06:04 AM GMT)
Editors: General: People; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst, Information technology, Stock exchanges; Technology
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Pitney Bowes India Launches "DocWell" an integrated document Management Solution for Stock Broking Houses
Demat notices and contract notes can be sent much faster with less cost

New Delhi, Delhi, India, Wednesday, December 08, 2010 -- (Business Wire India) -- Pitney Bowes India Pvt Limited launched the much awaited solution - "DocWell" in Indian markets. This solution, which is specially created for the Indian stock broking community, will provide an end-to-end in-house document management solution that manages various customer communications needs like dispatch of contract notes, quarterly statements, Demat statements, etc. to enable them to comply with SEBI timelines. This is the first time a customized document management solution has been created for the stock broking houses by Pitney Bowes India.

DocWell is a seamless integration of software and hardware to enable intelligent composition of the variable documents before printing. With automatic folding, inserting and sealing of envelopes, DocWell avoids any manual intervention and creates a complete in-house mail management system. All this can be done in the secured environment of the office ensuring data security.

Pitney Bowes with a global foot print in the document management space has designed this solution after a detailed study of the current statements dispatch process being adopted by stock broking houses. With an automated process in DocWell, the contract notices and Demat statements can be sent much faster and easier without any delay. Mr. K. M. Nanaiah, Managing Director, Pitney Bowes India said, "The advent of technology has seamlessly improved the experience of trading in securities and significantly increased the volumes. It has now become critical for broking houses to look at technologies which help them to manage their customer communication needs like dispatch of contract notes and demat statement effectively. In my view DocWell provides that one stop solution from document composition to ready mail piece, while ensuring improved mail piece integrity and quick turn around time. This will not only cut down on the cost of producing statements but also improve productivity with reduced or efficient use of paper".

There are over 1000 corporate broking houses in India and most of them are currently using a legacy system of printing leading to high consumption of paper and dependency on manual process for dispatch of statements or contract notes. DocWell streamlines the workflow and enhances data integrity and privacy. The application would further enable the broking houses to bring down the postage cost and even add customized messages on the statements and envelopes to make the mail piece more professional.

Pitney Bowes has introduced three variations in DocWell. DocWell basic, DocWell Zoom and DocWell Zoom Plus that can handle document volumes ranging from 100000 documents to 500000 per month, with processing speeds ranging from 3600 to 5400 mail pieces per hour.

About Pitney Bowes India

Pitney Bowes India Pvt. Ltd. is part of the global Pitney Bowes group, whose parent company is Pitney Bowes Inc. (www.pb.com) Pitney Bowes India is the only mailstream solutions provider with a direct presence in India. As the leading provider for pre and post-print solutions and equipment, its 10 offices serve over 12,000 customers including large enterprises and small-medium businesses. For more information, please visit www.pitneybowes.co.in


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KEYWORDS
PEOPLE, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, IT, STOCK EXCHANGES, TECHNOLOGY

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