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How Deutsche Bank is Accelerating their Digital Transformation with NetDocuments
Earlier today, we announced that Deutsche Bank, Germany's leading bank with a significant global presence, selected NetDocuments as its global document and email management system, hosted completely in the cloud. Deutsche Bank is the latest leading global financial organization to adopt a cloud-first position in support of their worldwide legal digitalization initiative. Through a deep partnership with NetDocuments, Deutsche Bank is charting a course to real digital transformation.
It’s clear that priorities are changing as global banking institutions like Deutsche Bank now see being cloud-first as a business imperative—something many of these institutions once prohibited their legal departments and outside counsel from adopting.
Why Move to the Cloud?
This trend is driven by the need for global banks to operate as a single, efficient entity while maintaining strict localized governance, compliance, and security standards across multiple international borders and office locations. As a growing number of multinational organizations embrace the cloud and NetDocuments platform, the law firms who represent them now have a clear, unobstructed path to cloud adoption.
It’s tough to overstate the immediate and future impact of Deutsche Bank’s move to the cloud and, more importantly, its commitment to everything a native cloud platform provides. Let’s dig a bit deeper.
The Ability to Scale
Scalability can’t be oversold. Leveraging the NetDocuments platform, Deutsch Bank will be able to add layers to their cloud instance that connect a wide array of diverse internal user groups across all of their worldwide locations. This fosters efficiency and productivity on a global basis, and like Deutsche Bank Chief Administrative Officer Stefan Simon stated enables more “knowledge sharing with colleagues.”
A Single Source of Truth – No Matter Where You Are
Large financial organizations like Deutsch Bank face unique challenges operating in a far-reaching multinational and multi-office working environment. The platform provides the ability to work as one, where users can work on global matters and access all content services across a single worldwide library, while remaining fully compliant with local data sovereignty rules.
This highlights the importance of NetDocuments’ true distributed cloud capability that allows customers like Deutsche Bank to follow the stringent data requirements for every nation in which they operate, while functioning efficiently as one coordinated organization.
To keep this announcement in perspective, a global bank of this caliber must address every conceivable cybersecurity requirement when they implement technology platforms like NetDocuments. Before adopting NetDocuments as their content services platform of choice, Deutsche Bank went through comprehensive diligence audits examining every aspect of the platform’s security infrastructure, policies, procedures, and cryptography.
We did not get here by accident. About five years ago, NetDocuments was the first content services platform to take additional security controls identified by several global banks and incorporate those controls into its formal SOC2 compliance audits, further strengthening our compliance with governance requirements recommended by global banking organizations. This helps put NetDocuments in alignment with the strict security standards that global banks apply to internal legal teams and outside counsel.
Worldwide banks have made a clear 180-degree turn in favor of cloud-first content services platforms, and leading law firms are going with them. As technology continues to advance and the world continues to shrink via that technology, cloud platforms will become the standard. NetDocuments is proud to be front and center as part of this changing landscape.
Check out some employee quotes below!
"Great company, great products, great leadership, great people, great culture!"
"I love my team and peers. We are family, and we respect each other."
"NetDocuments encourages a good work/family balance."
"I feel respected and valued by leadership and my team."
"We work together and support/encourage each other to do our best work every day."
"From start to finish, my leaders are willing to guide me and let me try new things. This keeps work fresh, exciting, and fun so I don't burn out or get bored."
"I have clear direction in my work tasks and priorities. I also feel encouraged to put my family first and maintain a healthy work life balance."
"I work with highly motivated individuals who are smart and allow me to learn from them!"
"NetDocuments is committed to exceeding customer expectations by building leading products hosted in rock-solid environments."
"I'm empowered to try new things and think through processes and campaigns strategically. I can lean on my boss for support, but I'm not micromanaged, which is appreciated."