ACCPOL BPM for Finance

Financial service has always been a highly regulated industry and enhanced regulatory scrutiny continues to drive the need for well-executed compliance strategies. Yet the need for effective compliance management is just one of the many challenges that financial institutions face. From banking and investments to lending and insurance, today’s Financial Services institutions have a renewed focus on achieving greater performance from current assets while creating better results with every new investment. Globalization of markets continues to increase head-to-head competition for clients. Perhaps most importantly, consolidation among financial firms has led to a new focus on the integration of corporate systems. To respond to these changes, financial services organizations must manage their people and processes better and smarter than ever before. Accpol business process management technology uniquely suits to help companies cope with these challenges.



The Problem

The financial services environment faces complication with multiple business units, legacy systems, and dozens of enterprise applications that not only must work together but also give management the business insight necessary to drive timely and accurate decision-making. Managers can’t get reports on financial process status and performance, manual, paper-based processes are inefficient, error-prone, and difficult to track and there is no cost effective way to leverage existing technology investments. The need to improve automation and visibility across internal, departmental, and correspondent systems and agents only builds with every transaction. Unfortunately, the difficulties inherent in analyzing a business against all relevant dimensions, producing accurate financial reporting and delivering strategic insight outstrip the capabilities of most finance applications. Operational errors, lapses in internal controls, manual handoffs, continual workarounds, and reprocessing efforts amount to billions of dollars in wasted performance for the financial industry.


The Solution


By implementing Accpol BPM Solution, financial organizations have automated, monitored and optimized key business processes. Accpol BPM provides substantial benefits and profits like reduced or eliminated paper based processes, reduced cost of providing services to their customers and enhanced customer service, increased employee productivity, reduction or elimination of data input errors and greater management control and visibility of regulatory compliance.

Accpol BPM Challenge

The financial services industry faces many complex business challenges. In a competitive market place, every Financial Service organizations today are competing to differentiate themselves and improve their overall business performance. The operations need to be fine-tuned to respond to changing business conditions. Accpol BPM face these challenges by improving customer service, regulatory compliance and the on-going industry consolidation, especially as staffs spend untold amounts of time and money trying to manage information, create unified processes, and obtain approvals for the fundamentals of their job. Accpol BPM leverages the business process and improves the competitive advantage of the company and improves the way the multiple systems interact with other applications. Accpol BPM has the most potential to optimize business process flows and simplify the supporting IT systems, drives differentiation and business results by effectively engaging with agents, brokers, customers and employees.

Claims Management
Event-Based Marketing
Distribution Management
Contracts Management
Billing and Accounting
Worker’s Compensation
Fund Distribution
Self-Service
Property and casualty
Underwriting
Re insurance
Health Insurance