The materials available in this article are for informational purposes only and not for the purpose of providing legal advice. You should contact your own advisors with questions regarding the mail and print services content herein. The opinions expressed in this article are the opinions of the individual authors and may not reflect the opinions of MeridianLink, Inc.
Yes, there is a place for mail and print services in the digital-first banking and lending environment.
In fact, integrating mail and print services can enhance your digital operation by outsourcing document processing tasks to help reduce costs and give staff more time to address priorities that require their attention.
Through the MeridianLink® Marketplace, we’re proud to integrate with FSSI’s document services. This third-party mail and print services provider helps you efficiently and accurately handle functions including:
Document Design: Create and optimize custom documents for printing and mailing. Enjoy enhanced print quality, reduced waste and postage costs, and your own branding and personalization.
Printing & Mailing: Ensure critical business documents, from statements to notices, are handled at scale and with speed.
Document Management: Efficiently archive, index, and retrieve documents to reduce costs and improve customer service.
Data Management: Ensure accurate, thorough data, improve targeted outreach, and reduce waste with routine data hygiene and processing operations.
Compliance & Security: FSSI’s security protocols ensure that sensitive business information remains confidential and secure and that documents comply with applicable regulations.
Take, for example, one MeridianLink® customer institution who, upon switching to FSSI, could house and edit letters themselves without needing to first notify their mailing service provider. This was an upgrade from their previous provider, which had a slow and limited work ticket process that increased the likelihood of bottlenecks since it couldn’t guarantee swift resolutions.
Another institution tasked FSSI with automatically generating and sending out adverse action and counteroffer notices based on pre-defined parameters. In doing so, its staff eliminated the need for manual processing and reduced compliance risk with the timely delivery of required notices and disclosures.
Thanks to these time-saving benefits, FSSI users see an average 10%-15% reduction in postage costs and an average 20% reduction in general costs, all available at a competitive price point. And with a 99.95% on-time delivery rate and a 99.98% accuracy rate, you can actually spend fewer resources while potentially increasing returns on investments. That sounds like a win-win to us!
Want to learn more about the benefits of print and mail service integrations? Check out our on-demand webinar with FSSI’s Senior Relationship Manager to understand how this solution can assist your institution.
