Up until now, the technology and capabilities for leading financial institutions and service providers have been focused primarily on improving the speed and efficiency of transaction processes to minimize cost and improve the visibility of information. They rely on this data to provide relevant information to their customers in a variety of areas that support their revenue streams, such as asset, portfolio, risk and regulatory management. By streamlining and automating their processes and eliminating manual, paper-based processes, these Best-in-Class companies have improved their time to information for providing key insights to their customers.
Figure 1 identifies the advantages that Best-in-Class companies have established in automating their financial processes, compared to their competition.
