Finance
The financial world is undergoing a radical shift which is being driven by regulatory and compliance pressures, competition, new business models and disruptive technologies. Banks and other financial institutions need to think of technology resolutions to finance industry challenges.
Financial institutions need to think of technology-based resolutions to industry challenges. There needs to be a shift towards a technology first attitude where technology is leveraged to optimize existing processes and procedures for maximum efficiency. There is no room for manual processes and systems in the financial world.
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Many Financial organizations are slow to change but the evolving industry is coming under pressure and is bleeding money and market share daily. There needs to be a cultural shift towards a technology first attitude and an industry wide acceptance of digital transformation.
Regulatory Compliance is one of the most significant challenges facing the industry. Faced with severe consequences for non-compliance banks and other financial institutions have had to incur additional costs to mitigate the risks. Technology and information management can help minimize these costs and reduce non-compliance risks.
Many organizations in this industry have several, disparate enterprise applications with enterprise data in several silos making it difficult to keep up with the digital first culture. It is important to have a forward-thinking technology strategy and foundation to be able to adapt and be flexible in this evolving world.
Little Process Automation / Poor Collaboration
There is little automation of business processes or they are automated using resource intensive custom code applications that are difficult to maintain and keep up to date. Integration with Enterprise systems is required to increase productivity and ensure collaboration between all stakeholders and departments.
'A big win for end users is the harmonized look and feel across the Apps ….. users only need to learn one way to search for documents, one way to create documents, to approve documents, to review documents as it all has the same look and feel, it makes it much simpler for the end users'.
Finance Solutions
OpenText Complaints for Content Suite by KineMatik
Manage complaints to maximize productivity system
OpenText CAPA for Content Suite by KineMatik
Identify and manage CAPAs to prevent re occurrence
OpenText Publisher for Content Suite by KineMatik
Optimize time and costs publishing complex documents