3 Ways to Streamline Process for Financial Services
Using the complete capabilities of an enhanced BPM toolkit, including journey modeling and process mining, enables financial institutions to benefit from continuous improvement, transforming process into a competitive advantage. It is no longer enough for financial services to rely on traditional process modeling and process models. To rival the customer focus of fintechs requires […]
Create and Manage a Digital Twin of Your Business
Transform customer experience, boost agility, and align vision and goals with business and operational processes. A digital twin of an organization (DTO) is the virtual representation of an organization in terms of its processes, business models, and strategies. It allows businesses to build, operate, analyze, and adjust digital models, creating real-time business updates and responses […]
Reduce Audit Risk and Compliance Effort
Recover data where it is, as it is, to increase awareness of existing process and to ensure compliance with an ever-changing list of regulations. Highly regulated industries around the globe are under immense competitive pressure to not only maintain an advantage in their market, but to manage compliance. Additionally, the penalties for failing to do […]
The Winning Combination of Process Mining and BPM
Have you ever been to Rennes in Brittany France? If so, you know the beautiful half-timbered houses in the middle of a vibrant student city and culinary delights. Rennes not only produces the famous Breton cider and the delicious galette saucisse, but also first-class Process Mining. Process Mining is a technology for analyzing and evaluating […]
Risk Management is here to stay – Part 2
It’s not a FAD, but a FORCE to be reckoned with! Risk Management is here to stay! Are you READY? You can find the first part of this blog here. When thinking of creating solutions to meet business needs, risk has to be a part of the conversation. You do not want to build solutions […]
Risk Management is here to stay – Part 1
It’s not a FAD, but a FORCE to be reckoned with! Risk Management is here to stay! Are you READY? Risk is definitely not a FAD, and definitively not a topic going away. Just like other topics that have become more and more visible over the years, such as data analytics, and business architecture to […]
Process Knowledge Management Drives Efficient Onboarding
Do you remember your first day on the job? It started with the obligatory paperwork, but then you were whisked away to drink from not just one metaphorical firehose – but several. During this “onboarding” process you met with so many people and were introduced to the company’s countless number of systems, terms, products, and […]
Business Modeling During & After Major Disruptions
When it comes to business modeling during and after major disruptions, you can safely assume new regulations are going to come into play. We can simply look to historical precedent surrounding events like the financial meltdown of 2008, and before that SOX which was extremely important in terms of managing risk in terms of data […]
Can Technology Help with Risk Management?
Can technology such as process mining help with Risk Management? The answer is both Yes and No. Process Mining Process Mining is a fantastic tool that is great for discovery over and above whatever collaborative work you may be doing to collect process information within an organization. It is also fundamental to identifying key opportunities […]
3 Ways to Mitigate Major Risk Events
The current pandemic is pretty much the most significant disruption we have ever experienced. In the containment of the risk impact, and ensuring operational continuity, here are three main categories to be considered. (There are more than three, but these are a good start for a process-centric model.) Identify Critical Processes This is not surprising. […]