Technology
JPMorgan Implements Oracle Document-Finder Software
Oracle, the
US software giant, said
JPMorgan will implement its document tracking system,
Distributed Document Capture, across the company worldwide to
scan and store a broad range of business documents including loan
applications, financial statements and cheques.
JPMorgan Chase expects to benefit from faster document cycle times, improved regulatory compliance and records management, more automated business processes, and better access to information, according to Wall Street & Technology.
Oracle Distributed Document Capture initially will be rolled out
to more than 750
US users at JPMorgan Chase. By the end of 2009, more than 3,000
employees across the
US, Europe, Africa and
Asia are expected to be using the software.
