Deutsche Bank has implemented a new cloud-based legal document management system through a new deal with NetDocuments.
Its new service will ensure secure and quick access to relevant documents for all legal department employees of Deutsche Bank, which span 27 countries. NetDocuments will empower better collaboration between employees.
The new platform is part of the bank’s wider broader digital strategy of updating and simplifying its systems and working processes. It will now be able to shut down outdated, fragmented IT systems and lower costs.
Employees will also be able to use a single core platform which can also be accessed via mobile devices.
Deutsche Bank chief administrative officer Stefan Simon said, “With this innovative document management system we have found an effective and modern platform which also ensures the highest security and governance standards.
“It will provide our lawyers with the tools and information they need to ensure more efficiency in their daily business around the globe and share knowledge with colleagues.”
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