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Business Process Management Integration Solution in Financial Sector

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  • Silviu Florin TEODORU

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Abstract

It is vital for financial services companies to ensure the rapid implementation of new processes to meet speed-to-market, service quality and compliance requirements. This has to be done against a background of increased complexity. An integrated approach to business processes allows products, processes, systems, data and the applications that underpin them to evolve quickly. Whether it’s providing a loan, setting up an insurance policy, or executing an investment instruction, optimizing the sale-to-fulfillment process will always win new business, cement customer loyalty, and reduce costs. Lack of integration across lending, payments and trading, on the other hand, simply presents competitors who are more efficient with a huge profit opportunity.

Suggested Citation

  • Silviu Florin TEODORU, 2009. "Business Process Management Integration Solution in Financial Sector," Informatica Economica, Academy of Economic Studies - Bucharest, Romania, vol. 13(1), pages 45-56.
  • Handle: RePEc:aes:infoec:v:13:y:2009:i:1:p:45-56
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    Cited by:

    1. Ion SMEUREANU & Andreea DIOSTEANU, 2009. "A Collaborative System Software Solution for Modeling Business Flows Based on Automated Semantic Web Service Composition," Informatica Economica, Academy of Economic Studies - Bucharest, Romania, vol. 13(2), pages 32-40.

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