DST Systems Introduces Electronic File Solution

DST Systems, Inc. announced availability of its new Electronic File Solution (EFS), a suite of hosted software services designed to help companies manage the storage, retrieval, and retention of critical business records.

EFS provides companies with a reliable and secure solutions to integrate long-term electronic records management into current business strategies and systems in order to improve efficiencies and help manage costs associated with storage, security, retrieval, retention and regulatory compliance.

EFS is a hosted, Software as a Service (SaaS) solution that benefits companies in industries including mutual funds, banking, insurance, law, healthcare, field sales and property management. It helps organizations securely manage document storage, retrieval and retention policies of any corporate records such as legal agreements, human resources documents, etc.

"In addressing the skyrocketing costs of paper document storage in our organization, we considered several different alternatives and vendors. EFS provides us with the right platform, right security and right accessibility to achieve our current and future goals," said Luis Lizarribar, executive director with the law firm Armstrong Teasdale, LLP. "EFS is helping us integrate closed-matter documents with our existing document management system to help control costs and improve efficiencies."

The EFS suite of software and services offers:

Configurable, easy-to-use administrative dashboard to securely manage the storage, retrieval, retention and disposition of all records archived in EFS
Secure, 24X7 web access
Integration with document management systems
Consolidation of documents from legacy systems
Complete paper-to-digital conversion and classification services
Support for litigation holds and eDiscovery
Customizable index identifiers to meet individual business requirements

"In the current economic environment, reducing the costs associated with document storage is more important than ever before," said Elizabeth DeZeeuw, vice president, DST Systems. "Today’s regulatory environment, evolving industry standards and the shear growth in records quantity are making electronic storage more attractive. EFS helps companies implement best practices and simplify access while reducing the time and money spent to manage their organization’s records."