MEXICO CITY (PRWEB) February 19, 2018
It is known by the acronym, BPM: the discipline of improving both efficiency and efficacy of the business processes of an organization, through several technological and technically enabled systems which ensure a constant improvement of a company internal operations. This is particularly true for the banking industry, since they face several core challenges in their everyday tasks, rooted in the very nature of the service and added value they provide.
Although these pain points used to be taken care of by human operators and professionals, the development of technologies have allowed for a better control and performance of tasks such as Loan Origination and Account Opening. Currently there are several options to choose from if one is running a corporation in the banking industry, but here are some of the most popular or useful that are currently in the market:
nCino Bank Operating System: This cloud-based solution has the objective of improving the workflow of a financial institution by integrating the multiple business lines of a corporation into a streamlined process to provide users with high levels of personalization and efficient attention. Despite its loan origination and enterprise content management capabilities, this software has a higher focus on customer relations management than in the company operations.
Promapp BPM software: A cloud-based solution as well, this system aim is to streamline and simplify a company or institution internal operations. It also allows for to participate in the process building and therefore use the collective knowledge and experience of the community as well as provide a general oversight. However, it represents a relatively heavy investment, has a steep learning curve and to get the whole experience its necessary to purchase all modules available.
BP Logix Process Director software: Both cloud-based and on-premise, this solution has a bigger focus on compliance, authentication and encryption of data of corporations in several industries. Although it allows for easy tracking and quick generation of reports, it also can be little intuitive for certain tasks; since it builds itself on top of the company framework and has a lot of options available to work with. This sometimes makes further professional assistance or training a must.
BeeckerCo BeBOP: The most recent cloud-based product of this regional company founded on 2014, this software focuses on solving the two pain points of financial companies: Account Opening and Loan Origination. Thanks to its open-sourced nature and the support it has from IBM on BPM, it is fully customizable and able to adapt to any banking core needed. However, due to its specialized functions, further automation tasks must be solved by BeeckerCo’s other products.