JPMorgan Implements Oracle Document-Finder Software

Tom Burroughes

11 August 2008

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.