Stonehage Fleming Wins 2024 Impact Award for Technological Transformation
October 11, 2024
LONG BEACH, California — In an impressive recognition of innovation and digital transformation, Laserfiche has announced that its client, Stonehage Fleming, is the proud recipient of the 2024 Digital Wealth Management Impact Award for Technology Transformation from Datos Insights. This accolade celebrates the significant strides Stonehage Fleming has made in operational excellence through the utilization of the Laserfiche suite of tools, which includes content management, process automation, integration, information management, and intelligent data capture.
“We are proud to be awarded the Datos Insights 2024 Digital Wealth Management Impact Award for Technology Transformation and to showcase the innovations taking place in our industry for the benefit of clients, partners, and colleagues,” said Gert Bester, Systems Manager at Stonehage Fleming.
Stonehage Fleming, a leading provider of wealth management and fiduciary services, faced numerous challenges during its digital transformation. These included outdated legacy systems, increasing regulatory complexities, and evolving client needs. To address these hurdles, the IT team integrated Laserfiche as their process orchestration engine across its 19 global offices.
The integration enabled the automation of several legacy processes within the business development department, greatly enhancing consistency, efficiency, and collaboration during the client onboarding process. The robust features of Laserfiche not only streamlined workflows but also strengthened Stonehage Fleming’s adherence to stringent information management practices.
Modern technology in wealth management services
By integrating Laserfiche with their core technology platforms and automating various operations, Stonehage Fleming estimates savings of over $150,000 and a reduction of tens of thousands of hours of labor. This advancement allows employees to redirect their focus towards providing superior customer service.
Joman Kwong, Strategic Solutions Manager for Financial Services at Laserfiche, commented on the achievement: “Wealth management firms need strategic IT planning and technology partners to optimize back-office functions while ensuring compliance with regulations. The innovative use of Laserfiche technology by Stonehage Fleming exemplifies how seamless digital transformation can lead to enhanced employee and customer experiences. Congratulations to the Stonehage Fleming team!”
In a world where financial services are increasingly reliant on technology, Stonehage Fleming’s successes serve as a benchmark for other firms aiming to improve operational efficacy while navigating complex regulations.
Laserfiche continues to lead the SaaS market in intelligent content management and business process automation. Their comprehensive offerings — including powerful workflows, electronic forms, document management, and analytics — facilitate accelerated business transaction, empowering leaders to concentrate on company growth. The company’s pioneering efforts towards a paperless office through enterprise content management have created a roadmap for many organizations transitioning to digital business solutions today.
Transformative technology in finance and asset management
As Laserfiche develops cutting-edge innovations including those in machine learning and artificial intelligence, its customer base extends across various sectors — from government agencies and educational institutions to financial service providers and manufacturers. These clients leverage Laserfiche to boost productivity, scale operations, and offer a primarily digital experience to their customers.
With a steadfast vision, Laserfiche aims to empower its clients and inspire individuals to reimagine how technology can transform lives.
Conclusion
The recognition of Stonehage Fleming by Datos Insights underlines the importance of technological innovation in the wealth management sector. As firms continue to evolve alongside changing client expectations and regulatory environments, those who prioritize digital transformation will position themselves for sustainable growth in the future.
