Business Process Re-engineering
Business Process Reeingineering
One of the most important aspects of change in a banking system is the opportunity to improve the fundamentals of the bank’s operations.
The goal is to avoid simply replicating the “as is” situation in the new system, and instead craft a reimagined landscape that fosters improved KPIs in every respect. This requires consultants with a deep knowledge of the target software, with expertise in integration processes and a focus on process dynamics and organization that only come with superior client handling skills coupled with years of experience.
The reengineering process involves diagnosing current processes, organization and software by identifying bottlenecks, inefficiencies and unnecessary tasks and defining how, where and when improvements are to be made.
Redesigning existing systems and organizational structures helps banks to gain competitive advantage by:
- Reducing overhead
- Improving customer responsiveness
- Enabling the bank to derive maximum value from its investment in new technology