Case Studies

Case Study 1

CLIENT: A large mid-western bank.

CHALLENGE: This bank had significant challenges issuing quarterly dividend checks. Dividend information was sent to an outside printing service and rarely, if ever, balanced correctly. Additionally, once the checks were cut, they were sent back to the bank for manual stuffing - a time-consuming, non-core area for the bank.

SOLUTION: ASI deployed software that automated the entire process and removed manual stuffing for the bank. Today ASI processes all periodic and non-periodic payments, as well as quarterly dividends and tax reporting.

RESULTS: Workflow was automated, balancing issues were removed, and cost savings were significant.

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Case Study 2

CLIENT: A multi-billion dollar diversified financial services company.

CHALLENGE: This company’s existing disbursement system required far too much manual entry. Additionally, the method to update COLA increases was extremely inefficient. As a result, their Trust Department had significant overhead and payroll burden.

SOLUTION: ASI’s software automated manual entry and COLA increases. ASI processes all periodic and non-periodic payments, as well as quarterly dividends and tax reporting.

RESULTS: No manual entry, workflow enhancements (COLA) were automated, and a significant cost savings were realized.

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Case Study 3

CLIENT: A trust company leader, large record keeper and the plan sponsor.

CHALLENGE: Three companies were experiencing severe inefficiencies in working together. The paramount challenge was that checks and statements were not combined and were often mailed separately from many locations. Both the trust company and the record keeper risked losing a very sizeable customer.

SOLUTION: ASI’s consulted with the three parties, and created a statement solution by printing the details of each statement on the corresponding check stub.

RESULTS: Significant client retention. ASI's innovative solution to issuing statements fostered tremendous cost savings for the three parties.