The need for BPM in banking

The importance of BPM in banking cannot be overrated today. Get to know all the benefits that BPM software brings to banks and other financial institutions.

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As practice shows, banks of all types, be it retail, business, investment or corporate bank, need a reliable banking software in order to manage funds, financial transactions, interactions with customers and numerous other business processes.

When it comes to choosing the best banking software, there is a number of factors to be considered. Although there are tons of different banking solutions on the market, the challenge is to pick the one that perfectly corresponds to your specific business needs. First thing you need to do is to look at your human capacity. It is crucial that you have a team that will help you get the most out of the software you select. Once you have determined your resources, it is high time to define your banking needs. Think of what your system lacks and then define what you want to achieve. Remember, prioritizing your needs is of utmost importance, especially when it comes to buying a new banking solution. As soon as you have determined your resources and analyzed your banking needs, the next thing is to select the right software.

BRM for banks: why you should implement one

When selecting the best solution for your banking needs, experts suggest choosing between business process management (BPM) systems. Wondering what exactly is BPM? Well, this one is easy.

Business process management (BPM) is the discipline of improving a business process from end to end by analyzing it, modelling how it works in various scenarios, executing improvements as well as continually optimizing it. Most BPM solutions involve efficient tools and techniques tailored to make business processes more flexible and efficient.

As you can see, BPM is all about process improvement. Banks appreciate BPM tools since the latter automate a wide array of business processes, including account opening, getting payment from the parties, etc. Such systems are good at aligning banking operations with business objectives and strategy. What’s more, BPM software is good at accelerating internal bank procedures.

BPM tool enables greater efficiency and cost savings with existing applications and processes. In addition, they help to define detail processes with a complete view of the reporting, activities and duties of responsible departments. If you are searching for a solution that will help you streamline all the banking business processes, then BPM software is exactly what you need.

Bpm’online studio: improving operational efficiency in the banking sector

Bpm’online studio: reliable BPM software to cover all your banking needs

Bpm’online studio is an intelligent business process management and low-code platform with out-of-the-box solutions and templates. The software provides all the needed tools for creating and configuring the application. With its help, you can easily create custom applications for your specific banking needs.

The solution allows for customizing almost everything in the system, including section structure, business logics, system look and feel. Thanks to system designer, users can upload corporate logos, change the color of the section panel and set up workplaces for different types of users. The best part about bpm’online studio is that you do not have to be an IT specialist to build corporate apps for unique business needs – the system requires little to no coding.

Another good reason for implementing bpm’online studio is that it comes with process designer that allows for automating structured processes of any complexity. Users can model the process flows using preconfigured elements for creating activities, processing data, working with pages, and invoking external services. You can easily replicate any business process operating within your bank directly within the platform.

Reasons for implementing bpm’online studio

Enhanced business process management

The system provides tools that guide users through the most effective actions to accelerate results and achieve desired business outcomes faster. A powerful BPM engine enables for the execution of multiple processes simultaneously with the same high level of system performance. Keeping track of any process execution metrics and visualizing process data is not a problem anymore!

High-end customization capabilities

The platform features an easy to use system designer. Creating new sections, editing existing ones, changing the present business logic or creating a customizable dashboard – you can do all that on your own. What’s more, the system can be integrated with a wide array of other enterprise software to improve productivity even further.

Advanced case management technology

In addition to managing structured processes of any complexity, the platform allows users to manage unstructured processes as well. Case management technology offers adaptable, context-based patterns, letting users select the best process path. What’s more, users have access to real-time analytics on case execution so they can make data-backed decisions on how to optimize cases.

Bpm’online studio also features a mobile application that enables users to accelerate their key business processes on the go. Take advantage of the mobile app wizard to personalize your mobile app – add and hide different system sections. Worth mentioning that the application can be used in both online and offline mode. No matter which option you choose, the information you need will always be at your fingertips.