By Mala Ramakrishnan on Apr 09, 2013
The rapid pace of globalization, mobile & data revolution, and a flattening market brings a chance at unprecedented innovation and expansion for financial institutions. Business processes that are often at the heart of organizations are the basis for differentiation between financial institutions and are core to capitalizing on this innovation. However, often these business processes are rigid and built on outdated systems, making it impossible for organizations to keep up with a competitive edge.
Business Process Management (BPM) holds the promise of agility, business visibility and greater efficiency encouraging financial institutions to move towards rewiring core and critical business processes. However the fear of change and risk associated with gutting mission critical business processes can hold back organizations from adopting BPM.
Oracle has the advantage of experience in delivering best-in-class products for financial industry solutions that address complex business processes: 20 of the top 20 world banks and insurance companies run Oracle.
Oracle has leveraged this experience in building out BPM solutions to kick-start your strategy. The BPM Resource Kit for Financial Services includes the top concerns financial institutions can address with BPM. It gets you started with Oracle Process Accelerators: pre-built, end-to-end implementations of business processes specific to Financial Services such as Loan Origination and Business Account Opening. This lowers your risk in getting started with BPM and can put you back on the competitive edge riding the train of innovation.
On a related note, Oracle recently unveiled enhancements to the Oracle BPM Suite including an expanded portfolio of Oracle Process Accelerators for Financial Services: Webinar: Oracle BPM Suite Enhancements.