We must be aware of statistics from our school days; every child loved drawing pie charts and diagrams. They are the best ways to represent complex data or processes as charts or graphs for easier understanding. When such strategies are incorporated into a business to understand and decode business processes, it is known as Business […]
Process mapping for compliance is essential for businesses to meet regulatory requirements. It also helps in understanding a company’s workflows through effective process mapping, making it a critical aspect of business operations. We are aware of the importance of regulatory compliance in every business. Biding by all the compliances is crucial for a smooth business […]
Process Documentation plays a crucial role in understanding workflows. Imagine you’re in a college lecture where your professor verbally explains some processes. You have a textual document to refer to the same. Do you understand the process well? The answer is No. In the same context, imagine you have a pictorial representation of the process […]
As the influence of the internet and technology is increasing in this world, consumer expectations are rising dramatically. Today people want everything digital in the form of online services or applications. We all know the traditional processes and culture of the finance industry. But today, people want digital transformation in financial services to gain maximum […]
“Go Digital” is a trendy slogan resonating all around the world. For most sectors, it has been a cakewalk to adopt digital transformation. However, for financial institutions, the process is slow. With the world advancing faster toward digitalization, it is high time for financial institutions to adopt digital business models. Today with technological advancements and continuous innovation, […]
Safety and security is one of the critical aspects of the finance and insurance industry. Today, with the increase in technological advancements and the world ultimately going digital, data is seriously threatened. The finance sector primarily functions on confidential and sensitive data. Hence, digital security in the Finance is essential to every financial institution. The surge of […]
Have you ever imagined your life without rules and regulations given by your parents? You will be thinking that it can be thrilling or exciting. However, the truth is that the thrill will last only for a few hours or days, and you will return to being confused and landing into unnecessary problems. The idea […]
The growth of the finance industry has been gradual yet significant. The finance sector was the most underdeveloped one before the advent of the internet and technology. Digital transformation in finance has modernized the financial services industry. However, factors always affect businesses that bring challenges into the industry. Many external and internal factors affect the […]
Change is the key to success. With evolving times, many things change constantly. Nowadays, the most common change is digital transformation in different sectors of the world. Today, one of the most prominent digital transformations is happening in the banking and financial services industry. The world has moved from wired telephones to wireless compact smartphones […]
Business processes (BP) are an integral part of business organizations. Companies or businesses cannot operate properly or succeed without implementing structured processes. Structured processes are the way to keep business operations organized, transparent, and consistent among teams and assist businesses in meeting their goals and objectives. So, in this article, let’s dig deeper into the […]
