FINANCE REQUIRES SECURITY
Control on documents, records, and compliance in Finance
In Finance, reliability is crucial. WoodWing Xtendis helps financial organizations manage information securely and compliantly.
WHY WOODWING XTENDIS FOR FINANCE?
One platform for secure, scalable, and demonstrable information control
Complete control of files and documents
Xtendis brings all documents together in one central platform: from contracts and reports to customer and transaction files. Everything logically structured, quickly retrievable, and always linked to the right context.
Compliance by design
Laws and regulations such as GDPR, AML/CFT (Anti-Money Laundering/ Countering the Financing of Terrorism), and internal audit requirements are no minor issue. By default, Xtendis supports retention periods, authorizations, logging, and audit trails, so that accountability does not become an additional burden.
Growing in sync with the organization and regulations
Whether it concerns growth, mergers, or changing regulations, Xtendis is scalable and flexible. The platform grows along with volumes, users, and requirements, without the need to redesign processes.
When information management
faces pressure
Once documents are scattered across systems and departments, the chances of errors, delays, and risks increase rapidly.
Fragmented information
Financial documents are often scattered across network drives, emails, and professional applications. This makes it difficult to compile complete files, respond quickly to questions, and work consistently.
WoodWing Xtendis consolidates all this information in a single, central, and secure information platform. Documents from different sources are automatically linked to files, customers, or transactions to prevent fragmentation. With clear metadata, accurate version control, and access rights, everyone works with the same up-to-date information.
Difficult audits and accountability
In audits and internal controls, as well as in accountability to regulators, it is often time-consuming to keep track of who did what and when.
WoodWing Xtendis centralizes all relevant documents, decisions, and communications in one secure dossier, with automatic logging of who recorded, modified, or accessed what and when. Audit trails are automatically created, eliminating the need for additional manual work and enabling organizations to provide faster and more consistent accountability to internal and external regulators.
Security and access management
Not everyone is allowed to see everything – in practice, however, this is difficult to guarantee. Insufficient authorization structures increase the risk of data breaches and unwanted access to sensitive financial information.
WoodWing Xtendis makes security and access management explicit and manageable. Permissions are role- and context-based, making them easy to adjust in the event of functional or organizational changes. Access and actions are logged, so you know who accessed which information and when.
Success stories of other financial service providers
Turien & Co Assuradeuren
Information Management
How Turien & Co, as 1 of the largest independent insurers in the Netherlands, automates the processing of incoming documents with Xtendis.
BNP Paribas
Document Management
Information Management
How BNP Paribas realizes major cost savings and complies with laws and regulations by storing documents in Xtendis.
Credit Life
Document Management
Information Management
How Credit Life streamlined its document and information management with Xtendis, gaining more control, efficiency, and compliance.
Let our experts help you
WoodWing and its partners have over two decades of experience that they can use to help you perform your best. From initial discovery of your current processes, suggestions for process improvements, and solution recommendations, to implementation, support, and SLAs.
You can rest assured that your core systems are in good hands.
Frequently asked questions by financial service providers
Do you work at a bank or insurance company and want to make strides in information management? Discover the answers to the most frequently asked questions here.
How does Xtendis support compliance with financial laws and regulations?
Xtendis helps you demonstrably manage documents and files with retention periods, authorizations, logging, and full audit trails. This allows you, during audits or checks, to quickly show who had access, what was changed, and which version is leading.
Can Xtendis integrate with existing financial systems?
Yes. Xtendis is designed to work with existing applications and information sources. In practice, it means that documents can be automatically linked to files or processes without requiring employees to duplicate records or manually move files.
How scalable is Xtendis in case of growth or mergers?
Xtendis is suitable for organizations growing in volume, users, or complexity. You can scale in terms of file numbers, document types, and departments, while governance and access management remain consistent. This also makes it suitable in scenarios such as mergers, acquisitions, or process re-engineering.
What types of financial organizations is Xtendis suitable for?
Xtendis is a good fit for organizations that work a lot with files and documents, and value traceability. Think of financial service providers, insurers, accounting organizations, administrators, and finance departments within larger organizations.
What does implementation and adoption of Xtendis look like in practice?
The implementation usually begins with defining the scope, which includes identifying the initial processes and file flows. Then, you set up the structure, authorizations, and possibly integrations. Adoption is all about clarity: working from a single central location, with clear agreements on access, version management, and findability.
What is the difference between Xtendis and Scienta?
Xtendis focuses on document and file management: secure storage, findability, authorizations, and audit trails. Scienta focuses on organizing and securing processes, quality, risks, and continuous improvement. In Finance, they often complement each other, depending on your issue.
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