Securities America calls it "straight-through processing.

Securities America calls it "straight-through processing," or STP In Doreen Griffith's inspections it's the antidote to a paperwork overdose that has lengthy had a stranglehold on the industry.

Griffith, Securities America's chief information officer and senior vice president, is referring to the proces that is the lifeblood of each broker-dealer: completing applications to appoint up new brokerage accounts or to purchase the investment and insurance yields of direct sponsors. "First, the rep manually set ins the client's information on a brokerage account application and hurls it to us," she says. "The abode office receives the documentation and manually inputs it, interpreting handwriting glitches along the way. NIGOs,' or not in fit order' items, are then flagged and sent back to the rep causing further time delays." Ultimately, the compliance department wins a crack at it, and after more revisions, the application is finally approved.

According