Top 4 Digital Transaction Management Platforms in Banking

By Marianne Chrisos - Published on October 29, 2018
Top 4 Digital Transaction Management Platforms in Banking

Digital transaction management can help make completing and organizing transactions easier – here are some of the best platforms for finance.

Digital transaction management was originally thought of as a tool to help real estate agents track their transactions and communicate better with their clients, coworkers, and real estate attorneys. It wasn’t long before other industries began to see the benefit of digital transaction management to help handle transaction paperwork, with transactions being defined as anything from hiring a new employee to applying for financing and buying a vehicle.

Digital transaction management has helped to streamline the nature of business transactions everywhere by reducing paperwork, filing, faxing, and storage issues and introducing centralized storage solutions, digital signatures, and greater security. In addition to better security and faster transactions and approvals, digital transaction management allows for multiple employees or parties to access the same documents without the need to email or fax documents back and forth – everyone can work from the same version and make changes easily. From signing contracts and leases to applying for loans and submitting new hire paperwork, digital management has created more efficiency for businesses everywhere.

Which digital transaction management platform will work best for you?

What is the best digital transaction management platform solution for your banking or finance-focused business? Here are some of the most useful and popular products available now to help manage your banking business transactions digitally.


The DocuSign digital transaction management platform is one of the largest and multi-functional platforms currently available. It is also one of the best known and longest running platforms, helping to conduct transactions in just about every industry or between business departments. While some businesses have adopted DocuSign as a complete digital management solution that helps track everything from purchase orders to sales agreements to legal contracts and operations change requests, finance organizations may find that DocuSign is most useful in handling all the signatures required for complex paperwork like mortgage contracts, loan applications, or asset transfers, as it allows for one file to be sent and signed digitally to all the parties involved.


One of the biggest draws of the ThinkSmart platform is its enhanced security and safety features. It uses superior-quality e-signature providers to get secure approvals and better protect data. This can be a huge asset to financial institutions and banks everywhere, who regularly deal with sensitive customer and financial information that they need to safeguard. ThinkSmart also has finance-specific solutions, such as investment forms, shareholder agreements, claims reimbursement, and more.


Kofax is a leader in finance digital transaction management platform because of its financial-process specific automation features, such as accounts payable and invoice processing management. Plus, it offers a robust information capture tool that enables businesses to convert paper documents to electronic documents for better digital management and greater consistency in transaction filing.

eDoc Innovations

One of the distinguishing features of eDoc Innovations is its mobile-first mindset. While most transaction management programs have corresponding apps that allow for greater mobility for all industries, eDoc Innovations understands that more people are conducting business – everything from looking for houses to buying stocks to purchasing cars – from devices like their phones and tablets, and their digital management platforms reflect this understanding. From e-signature validation to check processing and other solutions in-between, eDoc Innovations has positioned itself as an agile solution, and specifically called out credit unions as being able to benefit from their technology.

The best digital transaction management tools will depend on the nature of your business’s transactions, but the list above will certainly give you a place to start when it comes to both simplifying your transaction processes and storing your transaction histories. Between loan applications, mortgage paperwork, wealth and asset management, account transfers, and payment processing, banks and finance companies conduct thousands of customer transactions and offering a digital transaction management solution may increase both customer retention and transaction accuracy, making implementing a digital platform a solid investment.

Marianne Chrisos | Born in Salem, Massachusetts, growing up outside of Chicago, Illinois, and currently living near Dallas, Texas, Marianne is a content writer at a company near Dallas and contributing writer around the internet. She earned her master's degree in Writing and Publishing from DePaul University in Chicago and has worked in publishing, advertising, digital marketing, and content strategy.

Marianne Chrisos | Born in Salem, Massachusetts, growing up outside of Chicago, Illinois, and currently living near Dallas, Texas, Marianne is a content writer at a c...

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