Canon UK helps IFAs meet document archiving regulations

London August 5th, 2002 -Canon UK has announced the launch of a suite of document management products and services to meet the unique needs of Independent Financial Advisers (IFAs). Canon's offering enables IFAs to meet industry archiving regulations, improve client relations through efficient information retrieval and cut business costs by reducing the number of filing cabinets - enabling IFAs to truly compete with large financial services firms who invest heavily in back office systems.

There is a growing trend amongst IFAs, who are typically self-employed and occupy their own office space, to network with others in their sector. These IFA networks allow individual IFAs to share operational and capital costs, such as IT infrastructure and – importantly – software licences for the specialist applications that help them to conduct their daily business.

Canon's range of total IT solutions, and in particular its suite of document management products and services, have been designed to match the many and varied needs of the IFA sector, and are ideally suited to IFAs and IFA networks.

Canon's offering also enables IFAs to cost effectively meet strict Financial Services Authority standards for document archiving - freeing up valuable time for IFAs to concentrate on client work.

Vince Braint, General Manager - Strategic Marketing at Canon UK explains; "Our research indicates that there is a real need for a solution that focuses on efficient document management, ensuring adherence to all of the current and future regulations around this area of the financial industry, whilst protecting profitability. As a result, we've provided a range of products and services that meet industry standards, help improve efficiencies, reduce business costs and deliver access to the kinds of tools that IFAs need in order to truly compete with the big financial services firms.

"At Canon, we've undertaken to analyse and understand financial advisers' needs, delivering a total and scaleable solution to fit. We want to help IFAs and IFA networks to capture, manage and distribute their business critical information as effectively as possible."

In addition to excellent levels of service, support and infrastructure, Canon offers an equipment leasing option allowing capital expenditure to be spread out over time, thus alleviating some of the cost burdens that can prove to be stumbling blocks for smaller IFA networks.

For further information please visit www.canon.co.uk/ifaIFAonline

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