Greenwich Registrars & Data Solutions has emphasized the significant role that digitization could play in modernizing and improving the probate industry, enhancing processes involved in asset recovery and estate management.
Accordimg to The PUNCH, Managing Director of Greenwich Registrars & Data Solutions, Obiageli Chiki-Ijegbulem, made this known in a statement issued on Sunday.
Chiki-Ijegbulem highlighted that asset recovery and management have long been fraught with inefficiencies and unnecessary delays, which often complicate matters for beneficiaries.
These bottlenecks, she explained, are evident in the asset-gathering stage, where families often struggle to identify, organize, and access assets left by their loved ones.
“At GRDS, we recognize the critical role that asset gathering plays in ensuring that estates are settled promptly,” Chiki-Ijegbulem stated. “It is no news that the traditional approach to asset recovery, which usually involves manual processes, miscommunication, and incomplete information, leaves beneficiaries with navigating a heap of paperwork and legal hurdles, thereby causing unnecessary delays in what is already a stressful time. This is where digitisation comes in.”
The GRDS managing director explained that digital transformation enables the automation of several essential processes, reducing the need for beneficiaries to make repeated trips to financial institutions or manage complex, physical documentation.
Through digitization, asset tracking and recovery are streamlined, empowering beneficiaries to complete these tasks with less hassle.
Another significant benefit, Chiki-Ijegbulem noted, is the transparency digital solutions bring to the process.
“Digital platforms provide real-time updates on the status of assets, ensuring that beneficiaries are informed at every step. This level of transparency builds trust in the process and provides much-needed peace of mind,” she said.
Beyond efficiency and transparency, digital systems also reinforce data security—a notable advantage in asset management, adding, “Traditional methods of managing asset gathering often involve the handling of sensitive information in physical form, which is vulnerable to misplacement or loss. A digital platform ensures that all data is encrypted and securely stored, significantly reducing the risks.”
With digitized asset management, beneficiaries enjoy not only added security but also unparalleled convenience.
For individuals located away from the estate they are trying to settle—especially in today’s global society—digital platforms offer a centralized way to access documents and coordinate with institutions from any location.
As the probate sector progresses, Chiki-Ijegbulem foresees that adopting digital processes will transition from being an optional enhancement to an industry necessity.
“The benefits of digital platforms in asset gathering and transmission are clear: they offer improved efficiency, enhanced security, greater transparency, and unmatched convenience. At Greenwich Registrars & Data Solutions, we are proud to be at the forefront of this transformation, offering a state-of-the-art asset gathering and transmission portal that simplifies the process for our clients,” she said.
The shift toward digitization in probate services not only streamlines estate administration but also aligns with evolving technological trends, ensuring beneficiaries are supported in their asset recovery journey with modern, secure, and accessible solutions.
