How do banks keep track of documents and files?
What do banks use to keep track of files and relevant documents? Are the documents involved in a deal just kept in folders on the hard-drives of the computers around the firm, with those documents being emailed back and forth between teams and team members to be worked on/commented on? Or do banks use software like google drive/drop box to have everything in one place where everyone can take a look when they please? Combination of both? Bit of a weird question, I know.
It depends on the firm, but there is a huge variety of software in this field. this could be a more basic solution for smaller firms like sharepoint or more specialized products ie dealroom, firmex, etc.
Centralized virtual drives that anyone with the right permissions can access. Pretty sure most corporate places are like that in some shape or another.
you tryin to hack a bank?
somethin' like that
I am sure that they have a special application or website specifically for this. Given how much documentation large firms have to store, it is unlikely that printing it out and storing it on the shelves as it was done before is a good option. I think it will look like this https://clickhelp.com/online-software-documentation-tool/, where all your documentation will be stored in one place. The administrator will most likely have the right to grant access to various employees and monitor changes in document versions. Digital age provides convenient alternatives to the old-school method of work. I think it really looks like this.
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