Document Imaging and Management Solutions for the Financial Services Industry

Arius’ BarcodeAdvantage™ is a sophisticated document imaging and management solution designed for the financial services industry. While supporting integration with leading backoffice systems and infrastructure, BarcodeAdvantage can be deployed quickly with zero up-front software costs, minimal services and monthly fees based on the number of new documents managed by the system

BarcodeAdvantage has been deployed and is currently in use by several of North America’s leading wealth management firms. BarcodeAdvantage provides on-line brokers, full-service brokers, mutual fund dealers, institutional money managers and clearing firms with the technology needed overcome the challenges associated with managing large volumes of documentation in an era of evolving and changing regulatory requirements. BarcodeAdvantage will reduce the costs associated with document management, facilitate rapid document processing and retrieval, enhance compliance practices and improve system resiliency.

Arius OpenAdvantage Suite

BarcodeAdvantage is part of the Arius OpenAdvantage Suite. OpenAdvantage enables financial services firms to increase operational efficiency, improve client services and reduce costs by providing a superior, personalized account opening experience. The benefits of BarcodeAdvantage can be seamlessly integrated with OpenAdvantage by deploying additional modules from the OpenAdvantage Suite.

ReportingAdvantage – BarcodeAdvantage automates report tracking production by dramatically simplifying compliance issue identification. There are more than thirty customizable report templates including account audit log and missing documentation report.

ApprovalAdvantage – BarcodeAdvantage also integrates with ApprovalAdvantage to speed and simplify end-to-end Account Opening process. Traditionally, the approval process has been high-touch based on the costly couriering of physical documentation from advisor to branch manager and eventually to head office – especially when errors are uncovered in late stages at head office. Using BarcodeAdvantage and ApprovalAdvantage, account opening documents can be transmitted electronically ahead of the paper work. The paper work can be scanned to validate receipt and the account approved before the paperwork is physically transferred to head office.