Pitney Bowes India Launches 'DocWell'

style="font-size: 11pt;" size="2"> href="http://dqchannels.ciol.com/content/reselleralert/110120207.asp">Pitney
Bowes launched the much awaited solution, face="Calibri"> style="font-weight: normal;">'DocWell'
size="2">in
Indian markets. This solution, which is specially created for the
Indian stock broking community, will provide an end-to-end in-house
document management solution that manages various customer
communications needs like dispatch of contract notes, quarterly
statements, Demat statements, etc to enable them to comply with SEBI
timelines. This is the first time a customized document management
solution has been created for the stock broking houses by Pitney
Bowes India.

style="font-size: 11pt;" size="2">DocWell
is a seamless integration of software and hardware to enable
intelligent composition of the variable documents before printing.
With automatic folding, inserting and sealing of envelopes, DocWell
avoids any manual intervention and creates a complete in-house mail
management system. All this can be done in the secured environment of
the office ensuring data security.

style="font-size: 11pt;" size="2">Pitney
Bowes with a global foot print in the document management space has
designed this solution after a detailed study of the current
statements dispatch process being adopted by stock broking houses.
With an automated process in DocWell, the contract notices and Demat
statements can be sent much faster and easier without any delay. style="font-weight: normal;"> href="http://dqchannels.ciol.com/content/ceospeak/110073102.asp">KM
Nanaiah, MD, Pitney Bowes India said, “The advent of
technology has seamlessly improved the experience of trading in
securities and significantly increased the volumes. It has now become
critical for broking houses to look at technologies which help them
to manage their customer communication needs like dispatch of
contract notes and demat statement effectively. In my view DocWell
provides that one stop solution from document composition to ready
mail piece, while ensuring improved mail piece integrity and quick
turn around time. This will not only cut down on the cost of
producing statements but also improve productivity with reduced or
efficient use of paper."

style="font-size: 11pt;" size="2">There
are over 1000 corporate broking houses in India and most of them are
currently using a legacy system of printing leading to high
consumption of paper and dependency on manual process for dispatch of
statements or contract notes. DocWell streamlines the workflow and
enhances data integrity and privacy. The application would further
enable the broking houses to bring down the postage cost and even add
customized messages on the statements and envelopes to make the mail
piece more professional.

style="font-size: 11pt;" size="2">Pitney
Bowes has introduced three variations in DocWell. DocWell basic,
DocWell Zoom and DocWell Zoom Plus that can handle document volumes
ranging from 100,000 documents to 500,000 per month, with processing
speeds ranging from 3600 to 5400 mail pieces per hour.