Banking and Finance
Banking and Finance faces dramatic changes driven by globalization and Internet penetration.
Small local banks consolidate into regional banks, then national banks, and eventually global banks. The rapid increase in electronic payment processes is dramatically changing the market structure and opening it up for more intense global competition. Your ability to address this global market for electronic payment services and to offer efficient processes for financial transactions will be a key to creating growth, profitability, and shareholder value. The traditional concentration on financial transactions will evolve into a focus on value-added services that automate and enhance operations in existing markets and enable entry into new markets. Automation will streamline operations, and it will make it easier for you to manage the financial, legal, and governance challenges you face in creating a global business consolidated into a group balance sheet.
eBuilder offers a range of best practice Customized and Community Edition Cloud Processes that enable business-to-business trade, settlement, and payment automation services that are applicable to global financial companies, banks, and credit card companies.
These Cloud Processes offer the following business improvements:
Business ImprovementsReduced Operating Costs
eBuilder's Cloud Processes Automate more than 50% of the manual administration in handling governance, matching, approval, and payment processes.
Shorter Lead times in operational processes
eBuilder Cloud Processes enable online connectivity end-to-end, access to real-time operational, tactical, and strategic information; and provide best practice business rules. Automation of business processes frees resources from repetitive administrative tasks so they can be used to handle deviations and improvements. This leads to shorter lead times across the end-to-end flow, often in the range of 10-90% reductions.
The improvements are compelling because the Cloud Process’s end-to-end capabilities enable an online strategy for automatic Business Activity Monitoring together with real-time reporting of the results. And they ensure that the information end-to-end is of sufficient quality and always available in the entire business process.
IT ImprovementsLower Costs for IT operations
Most IT organizations have invested heavily in building an enterprise-wide IT infrastructure and ERP functionality. The focus has been on technical implementation, carried out by the business’s own IT organization or outsourced to IT consultants.
The historical trend has been to try to reuse more and more of existing investments and resources and to limit the company’s own investment to what is unique within it to create competitiveness. This can be seen in the evolution from mainframes to client servers, to the PC, to the browser; and from in-house developed code to standard applications. So far, most projects show a limited ability to leverage external assets and investments. This results in long lead times for implementation, unpredictably high costs and a focus on cost reduction. In most cases, this results in the IT organization lagging behind in projects that add immediate business value and instead being forced to focus on lowering costs in managing the infrastructure.
Cloud Processes for the value network give the IT organization an opportunity to implement a strategy for integrating all external business parties (the value network), a strategy that complements the existing ERP and IT infrastructure investment while extending the enterprise-wide business processes into the value network. In the short term, this lowers IT costs and enhances the value of existing investments because Cloud Processes generate a clear and visible business value within a short period of time.
The Cloud Process implementation is completely different from a traditional implementation. For a Community Edition Cloud Process, the implementation process consists of two main activities: Connect to Cloud and operation. The Connect to Cloud project consists of three parts: configuration of the customer-unique business rules, integration of the relevant internal systems, and the addition of unique business partners that are not already connected in eBuilder’s existing business process network. This usually takes less than 15 weeks. Then the operation of the best practice Cloud Process starts. The payment for the connection and operation is done on a transactional basis. ROI has been achieved in less than 6 months for nearly all the projects we have implemented.
The key to this favorable ROI is the degree of reuse. eBuilder Cloud Processes for the value network reuse all the 10 main resources of the Cloud Process implemented in our Accelerator SOA technology environment. They also reuse the seamless integration of the 10 different areas and the supervision and control services that ensure availability, quality in the information content (guarding against information entropy), and technical functionality. Because many customers share the cost of developing and maintaining this generic platform, the cost to the individual user is significantly lower than the cost of implementing such a platform on an individual basis.
eBuilder’s Cloud paradigm enables a whole new way of using IT, where IT becomes the business, and computers execute the basic administration tasks that previously were based on human interaction. It also enables the IT organization to leverage joint infrastructure to address the challenges associated with creating efficiency in the value network.