Why do banks need reengineering?
The decentralized character of banks’ operation, especially of the large ones, and the use of different software for automation of bank operation very often fails to support the integrated processing policy.
As the result, a range of problems arises: problems with management of production operation; difficulties with introduction of new products, and, as a consequence, appearance of additional risks – operational and management.
The implementation of any state-of-the-art information system requires the stage of operation reengineering as basic or null stage of system implementation.
The upgrade of the existing systems also often leads to reengineering of operation.
The reengineering of bank operation implies the execution of the following work:
Preparatory stage
- Collection of data for comprehension of the current state of bank operation by Metasoft Ltd. specialists and bank specialists;
- The definition of concept and strategic concerns of bank operation development with management of the bank.
Stage of analysis and modeling
At this stage the specialists of Metasoft Ltd. carry out the modeling of business processes in IDEF0 (function modeling method) and IDEF3 standards (process description capture method) by means of AllFusion Process Modeler.
The use of the suggested methods of construction of diagrams of business processes meets the requirements of the International Standards ISO 9000:2000.
- Analysis of bank operation;
- Separation of business processes;
- Modeling of business processes in electronic format; in visual, graphical form, making possible the easy upgrade of the business processes data;
- Analysis and optimization of business processes.
What are the advantages of reengineering?
The reengineering of the bank operation allows:
- To construct the diagrams of business processes in electronic format, suitable for reading, comprehension and maintenance;
- To construct the diagrams of business processes, sufficiently reflecting the operation processes from the chosen point of view;
- To construct the diagrams of business processes, taking into consideration the interaction of bank and other participants, involved into the bank operation;
- To analyze the diagrams from the point of view of the efficiency of the prospective changes, value of the costs needed, etc. ;
- To find out the inefficient production chains;
- To find out the shortage or excess of resources at certain business sections;
- To find out the production chains, having high operation or other risks.
And based on the results of reengineering:
- To optimize the general business scheme, as well as its components;
- To built the integrated centralized technology of operation;
- To construct business processes, enabling to decrease costs on operation;
- To construct business processes, enabling to increase the speed of the client servicing;
- To coordinate the participation of different departments in business process;
- To minimize the operation risks;
- To minimize risks, connected with restructuring or enlarging of production operation;
- To build the risks control system;
And also:
- To maintain independently the diagrams of operation business processes, if needed.
The specialists of Metasoft Ltd. can take part, together with the bank specialists, in development of production documentation, corresponding to the business processes, being changed.
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