Take Control of Your Process

With the fall of the economy, Business Process Management is more important now than ever, especially for the banking and finance industries. Strong, stable processes are needed to ensure the security of important financial applications and data. The sharing of financial information needs to be systematic and controlled. Allowing unauthorized users’ access to individual’s personal or corporate information can be disastrous. Business Process Improvement in the finance sector is beneficial with Expense Reporting, Employee Performance Review, and Purchase Requests (just to name a few).

Regulation and compliance add to the complexity and the need to have streamlined and well documented practices. Additionally, customers expect quick, accurate, and reliable visibility into all financial processes which affect their accounts. Without a strategic business model your company may not be able to meet their regulatory and client based needs.

BPM Opportunity

The importance of data security in the finance industry is growing as reflected in this year’s “Top Technology Initiatives” survey conducted by The American Institute of Certified Public Accountants (AICPA). Business Process Improvement, Workflow and Process Exception Alerts rank fourth among banking and finance institutions as top business priorities.

Many banks worldwide rely on the solutions of Ultimus that deal with:

• Account openings and cancellations
• Credit card applications along with maintaining the account e.g.extension of limit, change of plans, additional card, blocking or change of information.
• Loan approvals and post approval activities (time to cash) for mortgage loans, personal loans, car loans, private enterprise loans etc.
• Other services such as product consultations, promissory note guarantees, change of rates, fund transfers, investigation of accounts and claims management.

Financial services companies worldwide entrust their mission-critical processes to Ultimus’ scalable, secure BPM platform. By implementing Ultimus, financial organizations around the world such as: First National Bank of Arizona, AXA, Citizens Bank, Grupo Financiero Uno, and GlobalBank have automated and optimized key business processes. This has allowed them to realize benefits for customers, partners, employees, and shareholders.

Some of these benefits include: