Case Study
Restore Digital supports one of UK’s largest Pension Administrators to ensure scheme data is retained in a compliant digitised form

Restore Digital supports one of UK’s largest Pension Administrators to ensure scheme data is retained in a compliant digitised form

Challenge

Handling data in a compliant and efficient way is a key differentiator for the firm. In the UK, 20% of pension scheme data is still held in analogue form, including paper, film and fiche. Therefore, being successful had led our Client manually handling an increasing number of pension records and experiencing difficulties/restrictions in accessing the data needed to perform common admin tasks effectively.

Solution

Restore Digital advised the firm on the right strategies for both the retention of records but also the physical accessibility of them. As part of the solution, legacy data was scanned and indexed in an automated way enabling staff to work on records rather than search for them. The firm used Restore Digital’s ability to scan quickly on demand, or more concentrated retention campaigns.

Why Restore Digital? 

> Solution based approach offering both advice and delivery of bespoke requirements
> Data handled and delivered to precise delivery requirements
> Ability to handle both large and small requirements
> Speed of response and ongoing care programme

Results

The middle office has been transformed by a set of activities designed to reduce paper and systematize the use of data.

> Operating costs have been reduced by over 20% through the following; 
> Less onsite and offsite storage
> Staff with faster access to indexed records
> Reduced risk and oversight costs
> Greater accuracy for clients in giving them the data they need, when they need it

To find out more about our secure and robust digitisation services, discover our bulk document scanning capabilities >>

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This case study is from our EDM Group business which is now a part of Restore PLC.

Sector
Finance Services - Pensions


Organisation
Leading UK Pension Provider


About

Our client is one of the UK's largest pension administrators and works with a wide range of businesses, both large and small, in both the public and private sectors. They provide support and insight on their clients pensions investments, insurance strategies and operations.


Key Stats

20%
reduction in operating costs

15+ million
images have been digitised

100k
fiche images converted to digital

700
pension schemes digitised

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