Mistakes happen. It’s a fact of life. We’ve even created language around our ability to own and wave off mistakes like “it happens to the best of us,” “it’s all good,” and “no worries.” But it doesn’t work that way when banks make mistakes. Instead, you get PR disasters and dire news like the following recent headlines:
Looking for ways for your organization to increase productivity and trim budgets? You’ve come to the right place.
DocuPhase’s “Business Process Automation” blog will provide valuable insight into how your company can benefit from implementing document management and workflow automation into existing processes.
Service with a smile, hot coffee and the occasional lollipop for the kiddos was once considered the height of creating a good customer experience in the banking industry. The banking process itself – the lines, the forms, the back-and-forth of showing ID and signing names was accepted as sometimes arduous, but necessary. Technology, however, has impacted the ease and speed at which business is...
No one has an eye on money more than those in the financial industry, regardless of whether they're an executive or someone who plays a supporting role. Watch insurance rates flip direction or the Dow drop ten points, and the industry is suddenly abuzz with adjustment.
We've talked a lot about process improvement on our blog, and it can sometimes be tricky to work these strategies into a particular industry. In today's article, we'll focus on applying some basic process improvement theories to banks and financial institutions.
If you work in the financial industry, you have without fail experienced the pains of overwhelming amounts of paper and poorly maintained processes, i.e. employees burdened by busy-work, inefficient processes, and lost documents.
Whether in the world of hedge funds and large returns, or traditional banking options, the most important part of any financial institution is the return. Without a strong potential for return, clients won't be interested in placing large deposits in your group, and with no return for the bank, the whole process becomes a rather fruitless, pointless endeavor.
The best and worst part of any accounting department is that it can make or break an organization in an instant.
The accountant is a key player in any business - after all, bad money management often equates to why business will fail in their first three to five years.