The Benefits Of Cloud Faxing For Financial Service Firms Now and Beyond

Updated On
May 12, 2021
The Benefits Of Cloud Faxing For Financial Service Firms Now and Beyond

The last few months taught many businesses and business owners a hard lesson. Many businesses were forced to make hard choices that dramatically affected their operations and productivity. While some businesses were quick to adapt, others found it a lot harder adjusting to the new times and the new requirements. Businesses in the financial sector who could adjust fast to these changes forced on them by the global pandemic relied heavily on cloud faxing to boost communication while phasing out the more traditional fax infrastructure.

If you are still stuck with the desktop fax machines, on-premises fax servers, and other traditional infrastructures, transitioning to a work from home setting would be a lot harder for you as a business in the financial service industry staff and your business. Below are some of the advantages you stand to enjoy from moving your fax infrastructure online.

Protection From Disaster, Including A Mandatory Stay At Home Order From The Government

One of the biggest advantages of cloud faxing and its infrastructure is that it allows you to keep business running from anywhere while also saving yourself from the financial demands of replacing the hardware in the event of a disaster. Far more than this, your business stands a chance of running smoothly and seamlessly if the government orders yet another lockdown or stay-at-home order.

As a business that cares about its employees, you can also easily encourage your staff to stay at home and reduce the chances of being affected by a pandemic while maintaining the highest possible level of communication and productivity by leveraging the advantages of cloud faxing. With cloud faxing, your business stands a chance to enjoy a lot more, including cost-saving advantages on maintaining hardware parts and keeping it running.

Streamlined Faxing Operation And Enhanced Business Productivity

As a business owner in the financial service industry, you stand a chance to enjoy a lot more advantages when you choose the cloud faxing option. Some of the advantage that translates in productivity boost include:

- Improve staff’s productivity and mobility

With cloud faxing, your employees can receive, send, review, annotate, and even sign faxes electronically from anywhere without having to be present in one physical location. This simply means that your employees can get work done on the go without needing to scan, print, or hold a piece of paper or operate the office fax machine. With this, you can enjoy the advantage of mobility and improved productivity.

- Boost client’s experience

Modern-day clients want a fast response. With cloud faxing, you can achieve this as your employees can address faxes on the go and from anywhere. This cuts down the time taken for any one employee to arrive at the office to get the job done as they can otherwise have handled it from anywhere and in an instant.

- Enhance regulatory compliance

As a business in the financial service sector, compliance with the rules and guidelines set by the regulatory bodies is important. The traditional faxing machines may prove to violate the codes set by these regulatory bodies. There is a chance that the client’s personally identifiable information (PII) may be shared with non-authorized parties by the fax machine’s location. This can be prevented when the business adopts the cloud faxing option, allowing document access to only the authorized parties. With cloud faxing, businesses stand a chance to gain more. Visit to learn more.


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eGoldFax Team