Case Study: New York City-Based Property Management Company accelerates records access with Ripcord

Transforming Records Retention & Accelerating Access for HUD Compliance

A New York City-based property management company faced a significant challenge in managing over 50 years of paper records for its 100+ properties. Stored off-site for decades, retrieving specific documents for accounting needs was an arduous process that could take up to two days. Ripcord was engaged to address this inefficient legacy system.

Ripcord’s solution involved the rapid digitization and AI-powered data extraction of all documents, which were then stored in its secure Canopy content platform. This provided the company's team with instant access to records from any location. Ripcord also implemented a custom training program to ensure a smooth transition, resulting in a highly efficient, AI-enabled workflow that vastly improved the accuracy and accessibility of their critical financial documents.