Tom Fox welcomes Will Robinson to the ESG Report. Will, a former investment banker, now serves as the CEO at Encapture, a 20-year-old document management services company that pivoted into a SaaS product company in 2019. In this week’s episode, he and Tom talk about how Encapture helps its clients comply in the changing world of ESG.
Intelligent Document Processing
Encapture is a software company with a unique process called “intelligent document processing”. Will explains that this process makes it easy for organizations of varying sizes to collect incoming documents as a part of a business process. “Encapture’s machine learning can read the document and discern what type of document it is, then the system can extract data out of these documents and utilize the data for a variety of purposes,” he says. It can transfer data to another system as well as compare data across multiple documents. “We can automate a bunch of reporting on the compliance front,” he adds.
ESG: An Incremental Change
Banks are more reactive instead of proactive when it comes to ESG, Will tells Tom. Most of the ESG changes being implemented are incremental; using a proven process and appropriate technology like Encapture, complying with new regulations can be a seamless process which can often happen within a few days. This directly benefits compliance leaders who need a dynamic platform that evolves with the ever-changing real world, Will points out. Tom comments that banks usually already have the information they need to comply, but it’s siloed. Encapture is “a very powerful tool” that can help them utilize the information to respond more nimbly and a lot more quickly. “We feel like everybody is better served if we can solve this compliance issue and solve it efficiently,” Will remarks.
Resources
Will Robinson | LinkedIn | Encapture
