Although 70 percent of Internet users bank or conduct other financial transactions online, fewer than 15 percent have made the switch to paperless statements, experts say.
Now VaultStreet, provider of an online financial record keeping service, has developed a guide, “Deciding to Go Paperless: Ten Important Points,” which is a review of the consumer benefits of paperless financial record keeping. The guide is available as a free download from VaultStreet.
Readers will learn how paperless record keeping can improve organization, provide an audit trail that is superior to paper, improve security and save time.
They will also learn how going paperless reduces your reliance on paper records, eliminates paper clutter, simplifies the collection and management of your financial documents from many institutions and speeds tax time, loan applications and other financial filings.
General subjects covered in the guide include the benefits of centralized, secure access to paperless financial documents; how automatic collection, organization and authentication of online financial documents can streamline financial record keeping; and how it’s possible to easily and securely share financial documents with trusted advisors using online tools.
VaultStreet is an online financial record keeping service designed to streamline personal financial record storage for consumers. Its services include automated online financial document collection, authentication of document originality, centralized records retention, and the ability to forward documents to a network of trusted third-party advisors.
VaultStreet is flexible, scalable and designed to limit risk with extensive encryption, security and authentication. It supports the collection of documents from leading financial institutions in North America and is a service of Docuthentic, LLC with offices in Los Angeles, San Francisco and Dallas.
Eve Sullivan is a contributing editor for TMCnet. To read more of Eve’s articles, please visit her columnist page.