|
Implementing a straight-through process (STP) between the representatives, the broker/dealer and finally the product companies is the goal of the brokerage and financial services industry. Interlink is working with all segments of this market to make STP a reality.
Straight-through-processing is a current NAVA (National Association for Variable Annuities) initiative. The goal is to develop a set of standards and processes that enable electronic documents to circulate from the consumer to the broker-dealer and finally to the product companies.
A complete end-to-end electronic process with broker-dealers can significantly increase productivity for the over 2 million independent agents and representatives in the United States. Enabling STP eliminates the inefficiencies associated with the printing and mailing of documents.
¹ NAVA STP Standard Initiative, February 8, 2007, Washington DC Meeting
|
|
|
Key Facts
|
|
With STP, the NIGO rate (not in good order) can be reduced to less than 10% versus the current 30+%.¹
10-15% of an organization's revenues are spent creating, managing, and distributing documents, according to the International Data Corp.
According to the Sierra Club, the average office worker uses 10,000 pieces of copier paper every year.
|
|
Resources
|
Visit our Learning Center for information on eSignature Legislation, Articles, Product Datasheets, Interlink Success Stories, and educational Webinars.
|
| |
|
