“PROCESS MINING is the best starting point ever of any digital transformation program providing a precise and science-based diagnosis, the ideal complement to business experts and analysts”
At FineDigit, we consider process mining as a key step of digital strategy to diagnose firstprocessing chains but also to put processes under controls in run mode.
PROCESS MINING is at the service of transformation,
· Take a science-based approach ideally complementing experts’ inputs
· Visualize business workflows based on data coming from your IS
· Determine very efficient business sequences considered as happy paths as well as all the variants for eventually a 60% cut.
· Track losing percentage points in STP, both vertically and horizontally
· Identify precisely where toenhance business processes to finally free up 20 to 30% of post-trade capacity
· Highlight where to speed upprocesses for more efficiency and compliancy
PROCESS MINING will be an inescapable pillar formonitoring business activity,
· Switch to a true monitoring model, potentially complement with RPA either upstream (to enrich data) or downstream (to activate additional processes)
· Rely on an extensible set of key performance indicators to assess STP rates and processing times
· Calculate and monitor costper trade
· Detect any risky occurrences (discrepancies, sensitive exceptions and statuses, atypical sequences, breachesof compliance & security)
· Find the good balance between a very-high level of automation and operational risk mitigation along the full business value chain
· Financing institutions are currently discovering the tremendous potential of process mining, mature methodology and technology
· Transforming in an effective manner and on a long run must rely on a strong diagnosis of the as-is situation
· Implementing process mining solution is perceived as a second breath in some RPA programs
· Based on partnerships with best-of-breed solutions, Celonis and UiPath, FineDigit is leveraging onits strong business expertise to maximize the usage of process mining at financing institutions or to deliver audit of processes
· FineDigit can equally draw on its center of excellence in process mining to accelerate the integration
See our last video presenting the main principles and all the benefits of Process Mining, a key step in the automation of your business processes.
PLEASE CONTACT US FOR A RENDEZ-VOUS
During which we will be presenting our approach as well as models we built to demonstrate the power of process mining.