In the competitive landscape of the financial services industry, the way your business builds and distributes documents has a significant impact on overall business success.
Whether conveyed through a pitchbook, email correspondence, or your website, the quality of client and prospect engagement hinges on the standard of your documentation. A subpar deliverable could tarnish the trust your clients have in your business and impact market perceptions.
Not only that, ‘digital debt’ is becoming increasingly challenging for businesses. Particularly in the finance sector, where a staggering 30% of investment bankers spend up to 40 hours in Microsoft 365 crafting documents – time that could be redirected towards more strategic pursuits.
So, how can you achieve faster financial document generation while ensuring high-quality output?
Read on to discover our expert tips on building documents faster in Microsoft 365.
How to Speed Up Financial Document Generation
Start With Standardized Office 365 Templates
The first step to generating documents faster is building and distributing high-quality templates. These templates serve as the cornerstone for document creation, making it easier for teams to maintain brand consistency and save valuable time in the process.
UpSlide’s design experts, Amelie and Marianne, have been helping clients in the financial services create powerful corporate templates for years and have shared some invaluable tips to consider when building templates:
Tip #1: Ensure Consistency Across All Template Elements
Align titles, subtitles and footers from one slide to the next, and use the same colour palette throughout.
Tip #2: Limit Text in Documents That Will be Presented Orally
Create an alternative, more detailed template to send as a written follow-up.
Tip #3: Reserve Space For Logos
Ensure your and your client’s logo looks high-quality by having a dedicated placeholder with a white background.
Tip #4: Create Dividers For Documents That Include 15+ Slides
It gives your audience a chance to pause and also provides an opportunity to highlight your brand values. For example, we include our B Corp Certified logo on our divider template.
Read this blog to find out more tips on building user-friendly templates
Tip #5: Gather Your Teams’ Input in the Early Stages
There is no point in creating something that is aesthetically pleasing but doesn’t suit your employees’ needs or use cases, as it will inevitably be left unused. We also recommend conducting training sessions once the template is built to ensure they know how to use it properly.
Top Tip
Once you’ve created your high-quality templates, it’s best to then leverage a Template Management solution to distribute them effectively across your workforce.
Store Business Marketing Materials in a Centralized Repository
Inefficient content management and distribution create challenges for multiple teams within your business.
How it Impacts Your Marketing Teams
Your marketing team loses visibility on the documents being sent out to clients so can’t guarantee they’re up-to-date, high-quality, or brand consistent.
How it Impacts Your Front-Line Teams
Your junior bankers spend too much time sourcing the right information and materials – especially when they’re collaborating with global colleagues across different time zones and departments.
The result? Inefficient processes, frustrated employees, and heightened brand and reputational risks.
Use Content Enablement Tools to Improve Document Generation
Optimize content workflows in Microsoft 365 by embedding all business marketing materials into a centralized hub. This will enable your sales and consulting teams can instantly find quality, marketing-approved materials.
There are a number of content enablement tools on the market that enable teams to access every corporate document, template and asset from within PowerPoint, Excel or Word in seconds.
Since integrating UpSlide, the quality of documents produced across the company has increased.
It’s encouraged better engagement between marketing and the rest of the business, as we now have time to give more valuable advice on improving content quality, as opposed to just formatting.
Invest in Document Generation Software
As mentioned in the section above, there are a few financial document generation tools on the market designed to help you build documents faster.
While the features and offerings may change slightly, most software works to boost efficiency, guarantee brand consistency and ensure data accuracy.
Here’s a handy list of what to consider when choosing the right document generation tool for your business, from overall budget to the support you’ll need.
Typically, the tools will offer template and content management functionalities, as well as PowerPoint, Excel and Word formatting features to help teams construct polished, professional documents faster.
In the short term, investing in automation will enable more efficient workflows and result in better-quality output. Looking towards the long-term, investing in document generation will help your company to remain competitive, win more business, and boost employee satisfaction.
32% of investment banks prioritize clear ROI metrics when looking for a document automation solution, so make sure you speak to the people who will ultimately use the software and that it will solve their pain points.
Use Microsoft Office Shortcuts
Even with the aid of software, mastering the native tools and shortcuts within Microsoft 365 is key to achieving faster document generation.
Here are a few examples to get you started:
Excel Shortcuts
Discover our Excel shortcuts cheat sheet:
- Ctrl + arrow keys = Navigate quickly through data.
- Ctrl + H + E + F = Clear cell formats
- Ctrl + Shift + “+” = Insert new cells
- ↑ + < > = Select cell range
PowerPoint Shortcuts
Here are a few of our favourite PowerPoint shortcuts:
- Ctrl + M = Insert a new slide
- Ctrl + ↑+ D = Duplicate a slide
- Ctrl + G = Group
- Alt + Shift + → = Demote a bullet point
Word Shortcuts
Here are a few of our most-used Word shortcuts:
- Ctrl + L or R = Align text left or right
- Ctrl + < or > = Decrease or increase text size
- Ctrl + ↑ + < or > = Select text to the left or right
- Ctrl + alt + H = Highlight text
Use these shortcuts to become a power user in Excel, PowerPoint, and Word, unlocking the full potential of Microsoft 365 for faster and more streamlined document creation.
Key Takeaways
Throughout this article, we’ve shared many ways financial services companies can streamline document creation; from empowering teams with standardized templates and a centralized content hub, to investing in cutting-edge document generation software. Incorporate these practices into your workflows to save valuable time and elevate the quality of your documents.
And for those hungry for more efficiency tips in Microsoft 365 or seeking to solidify their brand identity, bookmark our Knowledge Hub for a wealth of resources.
