Spencer Mierzejewski, senior legal counsel with Wolters Kluwer Compliance Solutions, will share insights on benefits for banks in adopting electronic document processes in a panel discussion, “Navigating E-Docs,” as part of the Equipment Leasing and Finance Association’s virtual Bank Best Practices Roundtable conference. The event is open to ELFA members and will take place from 1 p.m. to 3 p.m. EST on May 27.

This session is designed for banks across the spectrum of e-document implementation, from those just beginning to consider their use to institutions farther down the road of incorporating e-documents into their banking programs. Attendees will glean insights from the expert legal panel ranging from recognizing the challenges and benefits of using e-documents and understanding how e-documents are executed and enforced to ensuring accurate, secure e-document storage and options for those institutions without an electronic vault in place.

“E-documents is an industry term used to describe an entirely new level of digitized transaction capabilities that are revolutionizing financial services,” Mierzejewski said. “This technology is providing lenders with a new form of enforceable debt obligations, including negotiable instruments that are enforceable against the borrower while also being negotiable on the secondary market.”

“Navigating the complexities of e-documents can be challenging. But we are witnessing a sea of change in adoptions of electronic documents in our work with banks, given the benefits that e-doc transactions provide in terms of speed, secure storage and auditability compared to paper-based processes,” Steven Meirink, executive vice president and general manager of Wolters Kluwer Compliance Solutions, said. “This is an exciting time to participate in the growth of electronic document practices that are positively transforming the banking landscape.”