Better, Faster, Cheaper?: Business Process Transformation In Financial Services
- Tags:
- Business Operations,
- Business Process,
- Business Process Transformation,
- Financial Services Corp.,
- Operational Planning
- Source:
- Economist Intelligence Unit
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Overview: Business process transformation aims to improve the efficiency of business operations by removing duplicate or unnecessary steps and automating as many processes as possible. It involves a radical rethink of what processes are and how they can best be executed. Financial services industries, which were protected for many years by regulatory barriers to the entry of new competitors, have been slow to streamline their operations along business process lines. Where they have done so, it has too often been on a piecemeal basis, improving the efficiency of isolated processes, but seldom reengineering on a company-wide basis and rarely removing departmental barriers to ensure that business processing is as efficient as possible.
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Format: PDF | Size: 172KB | Date: Jul 2005 | Pages: 33
