Docupace document management integrates signature pads

Docupace Technologies announced today the integration of its P3 document management system with the electronic signature software and hardware of Topaz Systems.

P3 is a paperless processing platform that’s delivered online, also known as software as a service, and is currently being used by several national independent broker dealers with their registered representatives and quite a few RIAs.

The signature pad integration will allow advisers to carry out straight-through processing of account opening and other document management when they are interacting with clients.
Once a signature is collected it automatically goes into the P3 system and is routed to supervisors and on for the appropriate back office processing, clearing, and SEC- FINRA-required archiving.

According to Docupace representatives a small to medium office can get setup for around $2,000 with ongoing monthly costs of no more than $40 per month per adviser for the whole system. The signature pads cost under $100. For the overall package larger broker-dealers and RIAs are priced on a case by case basis, according to Docupace, depending on the complexity of the workflows involved and the amount of integration that is needed.
 
Various broker-dealers have rolled out similar systems in the past, for example we reported on the TFA Synergy system rolled out by Transamerica Financial Advisers Inc. in 2008.
For more information visit Docupace. To get a look at what the various model of Topaz signature pads look like visit the Topaz Systems homepage.