Business Process Management Integration Solution in Financial Sector

Silviu Florin Teodoru ()

Informatica Economica, 2009, vol. 13, issue 1, 45-56

Abstract: It is vital for financial services companies to ensure the rapid implementation of new processes to meet speed-to-market, service quality and compliance requirements. This has to be done against a background of increased complexity. An integrated approach to business processes allows products, processes, systems, data and the applications that underpin them to evolve quickly. Whether it’s providing a loan, setting up an insurance policy, or executing an investment instruction, optimizing the sale-to-fulfillment process will always win new business, cement customer loyalty, and reduce costs. Lack of integration across lending, payments and trading, on the other hand, simply presents competitors who are more efficient with a huge profit opportunity.

Keywords: Web Service; business process; integration; financial services; integration; modeling (search for similar items in EconPapers)
Date: 2009
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