Tampa, FL, March 10, 2011 --(PR.com
)-- Today, GMx Solutions announces a strategic partnership with AdvisorVault to create Blue Paper Cloud, the only compliant cloud solution for financial firms using Laserfiche. This partnership strengthens GMx’s position as a Laserfiche VAR reselling the world’s leading document management product for companies wishing to convert to a totally paperless operation.
“A huge compliance problem exists for broker-dealers, investment advisors and wealth management companies who move towards a paperless office,” said Alan Preston, CEO of GMx Solutions in Tampa, Florida. “They have to make sure this data is stored, accessed and managed in a compliant manner, but now with this partnership between ourselves and AdvisorVault, we are able to instantly solve this issue for them,” added Preston.
The Blue Paper Cloud offering from GMx Solutions closes the gap in any compliance failing that may exist when financial firms go paperless. It allows them the peace of mind that data is kept in the proper format and for the required amount of time, as dictated by the FINRA electronic records supervision rules 17a-3 and 17a-4. The additional SEC Designated Third Party demands (D3P) are met, as well. This helps to ensure audits are successfully passed with ease so that the highest level of customer confidence is maintained at all times.
In addition, firms who are members of FINRA, regulated under the SEC, can access the documents anywhere, anytime because data is hosted in the cloud; this gives them true scan-and-shred ability, as data can be verified instantly for auditors before destruction. This saves a great amount of time for the management of physical documents by centralizing the electronic records process with access from the internet. This is particularly important for firms that are geographically distributed or want to simplify complex data flows spread throughout the entire organization.
About GMX Solutions:
GMx Solutions, http://www.gmxsolutions.com is a Laserfiche reseller that helps firms streamline document, records and business process management. The company is dedicated to helping its customers gain centralized control over their information infrastructure, including security and auditing standards, while still offering the flexibility to react to changing business challenges.
For more information on GMx Solutions visit http://www.gmxsolutions.com
or Call 813.868.1105
AdvisorVault, http://www.advisorvault.org, is the only remote backup provider specifically designed to help small broker-dealer firms achieve today’s stringent data compliance requirements. With our designated third-party status (D3P) we help small firms achieve all the required data compliance rules defined in 17a-3 & 17a-4, as well as the supervisory and disaster recovery demands contained in FINRA rules 3510 and 3010.
For more information on AdvisorVault visit: http://www.advisorvault.org or call 1-866-732-1407.