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Region D Stewart Technologies has been able to increase
turnaround time and decrease costs for its local Stewart customers,
while moving closer to single-seat technology and a paperless
environment.
Using halFILE™, a document imaging system that electronically
converts paper documents into digital form, Region D Stewart
Technologies has created a process that allows users to quickly view
images on their desktops that previously had to be retrieved in
paper form from off-site storage.
“This initiative promotes the single-seat concept, as well as a
paperless environment,” said Tracy Canestrano, regional director of
technology for Region D Stewart Technologies in Tampa, Florida. “A
paperless office results in substantial time savings, as well as
decreased costs. With single-seat technology, all of the necessary
information is accessible from a single seat, which means files
travel to fewer desks. There is less likelihood of a page from a
file getting lost or of an entire file being misplaced. The less it
travels, the safer the file, and the faster it is completed.”
When Stewart Title of Tampa implemented the halFILE imaging
system, they worked with Region D Stewart Technologies to determine
which files needed to be extracted from VAX AIM. A program was
created to extract the appropriate files using Focus®, a
report writer. The extracted files were imported to an SQL database
and then into halFILE for indexing of the image.
“We extracted all of the prior file information from VAX AIM and
are in the process of scanning prior files that were in storage,”
said Kevin Pennington, technical services manager, Region D Stewart
Technologies. “Eventually, all paper will go away.”
In addition to manually scanning files for future use, Region D
Stewart Technologies is encouraging users to receive electronic
faxes so the data arrives in digital format. If the data arrives as
an image instead of paper, the extra time to physically scan the
document for digital storage is no longer required.
“We act as imaging service bureau for the offices using this
imaging process,” Canestrano said. “We do the data warehousing, we
buy the equipment and we bill the offices for their use.”
An estimate for one office showed that retrieving prior files
from off-site storage cost approximately $900 in lost production
every week. That equates to a lost production cost of $46,800 per
year*, not including other administrative factors, such as courier
services.
Another estimate determined that two Florida offices spent a
combined $62,000 per year in warehouse storage fees. The cost of
hard drive space to store the same data digitally is approximately
$16,600. Taking the paper out of the equation resulted in more than
70 percent in savings.*
In addition to the cost savings of cutting out off-site storage
facilities, this process has also resulted in significant time
savings. The turnaround time to retrieve a file from storage was one
to two days. With imaging, the retrieval is immediate.
“This is also great security, especially in the case of disaster
recovery,” Pennington said. “With imaging and digital storage, we
have back-up files stored in different places around the county so
that data can be easily retrieved in the event of a disaster. If a
disaster wipes out your paper storage facility, you don’t have any
back-up.”
The process is working so well in Tampa, that it was recently
implemented in St. Petersburg, Florida. The Jacksonville, Florida
office is also planning to take advantage of this new technology.
“This process is great to promote the sharing of information
between offices,” Canestrano said. “Today, the majority of offices
handle storage and retrieval of their own files. The ultimate goal
is to have all offices in a county sharing files with immediate
turnaround of the data they need.”
With the constant development of new technologies, Region D
Stewart Technologies continues to look for ways to enhance the
process even more. They recently tested new digital imaging
equipment by Savin® that copies, scans, faxes and prints.
It tested well with VAX AIM in Florida and they are recommending it
to some offices as the most cost effective imaging solution.
“This equipment gives a lot of flexibility to the users because
they can purchase a multi-functional piece of equipment instead of a
proprietary piece of equipment,” Pennington said. “The images go
straight from the imaging equipment to halFILE, skipping the middle
step of going through a database. The overall solution costs less
than buying a scanner PC and server and reduces the amount of time
it takes to convert files to digital images.”
For information about whether halFILE imaging will work for your
office, contact your account manager or region automation
coordinator.
*The estimated savings apply to specific offices in Florida.
Savings will vary depending on various factors in each office.
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