Sponsor: Trackvia

Financial institutions today operate between three distinct worlds: the front-office, middle-office, and back-office. While each office is a vital part of the organization, the amount of investments for each could not be more unbalanced. Unfortunately, the middle- and back-office fall lower and lower on the priority list, leaving the IT team struggling with limited resources, staff, and budget.

This white paper with TrackVia explains why true modernization starts with taking a hard look at banking processes and procedures, and finding new technology solutions to help IT transform the back-office quickly and affordably.

In a world where consumer expectations are set by digital natives like Amazon, Zillow, and Paypal, financial institutions must evolve to survive.

Lower prices, margin compression, and changing consumer behaviors continue to challenge the mortgage industry as it faces its own unique challenges on the journey to digitization.

Yet, with a measured approach to automating middle- and back-office processes, lenders can: improve the customer experience, increase asset quality while mitigating risk, simplify regulatory compliance, increase efficiency, and contain costs.

Imagine for a second the power that harnessing real-time data holds in manufacturing environments...

Modern, mobile technology provides manufacturers the ability to streamline critical tasks and avoid costly production downtime or quality issues like never before. They not only make data collection faster and easier, but also making the results of these efforts meaningful, measurable, and actionable.

This white paper from TrackVia emphasizes that if manufacturers want to eliminate downtime, leveraging data to drive decisions is an increasingly critical practice.

If you could run your business more efficiently through data automation, why wouldn’t you?

Manufacturing is one of the industries with the highest potential to automate. However, most manufacturers rely on manual processes, spreadsheets, or paper. This means that, if a machine breaks down and requires a new part, workers will have to switch between phone calls, spreadsheets, emails, and face-to-face conversations. The necessary data will go through a game of “telephone” before finally the part is effectively fixed.

This white paper by TrackVia illustrates why sticking with clunky, outdated systems is costing manufacturers money and business in the long run, and how a streamlined digital information system is the key to harnessing visibility, automation, and the power of business data.

Financial institutions today operate between three distinct worlds: the front-office, middle-office, and back-office. While each office is a vital part of the organization, the amount of investments for each could not be more unbalanced. Unfortunately, the middle- and back-office fall lower and lower on the priority list, leaving the IT team struggling with limited resources, staff, and budget.

This white paper with TrackVia explains why true modernization starts with taking a hard look at banking processes and procedures, and finding new technology solutions to help IT transform the back-office quickly and affordably.

In a world where consumer expectations are set by digital natives like Amazon, Zillow, and Paypal, financial institutions must evolve to survive.

Lower prices, margin compression, and changing consumer behaviors continue to challenge the mortgage industry as it faces its own unique challenges on the journey to digitization.

Yet, with a measured approach to automating middle- and back-office processes, lenders can: improve the customer experience, increase asset quality while mitigating risk, simplify regulatory compliance, increase efficiency, and contain costs.

Imagine for a second the power that harnessing real-time data holds in manufacturing environments...

Modern, mobile technology provides manufacturers the ability to streamline critical tasks and avoid costly production downtime or quality issues like never before. They not only make data collection faster and easier, but also making the results of these efforts meaningful, measurable, and actionable.

This white paper from TrackVia emphasizes that if manufacturers want to eliminate downtime, leveraging data to drive decisions is an increasingly critical practice.

If you could run your business more efficiently through data automation, why wouldn’t you?

Manufacturing is one of the industries with the highest potential to automate. However, most manufacturers rely on manual processes, spreadsheets, or paper. This means that, if a machine breaks down and requires a new part, workers will have to switch between phone calls, spreadsheets, emails, and face-to-face conversations. The necessary data will go through a game of “telephone” before finally the part is effectively fixed.

This white paper by TrackVia illustrates why sticking with clunky, outdated systems is costing manufacturers money and business in the long run, and how a streamlined digital information system is the key to harnessing visibility, automation, and the power of business data.

Financial institutions today operate between three distinct worlds: the front-office, middle-office, and back-office. While each office is a vital part of the organization, the amount of investments for each could not be more unbalanced. The front-office receives a significant amount of resources, and understandably so, as financial institutions aim to keep up with consumer expectations and compete with fintech companies. Unfortunately, it means the middle- and back-office fall lower and lower on the priority list, leaving the IT team struggling with limited resources, staff, and budget.

Today, business has become increasingly global, sophisticated, and complex ­­­ accelerating the pace of operations and response times. The need for speed is a must. To be quick and agile, organizations are increasingly seeking to automate their operations. Yet, how this be accomplished at scale and within a timely manner?

Read The Need for Speed: Automating Manual Processes and learn how low ­code platforms like TrackVia enable you to create custom workflow applications that are mobile ­ready and IT­ approved within weeks. Download the paper now.

When it comes to overcoming the challenges posed by legacy systems and addressing the the need for next generation capabilities like digital and mobile workflows, most organizations stop short. Adapting existing technological infrastructure to meet business needs can take months, sometimes years, and hundreds of thousands (even millions) of dollars.

So now what?

Download Don’t Let Legacy Systems Limit Digitization, Extend Them Instead and learn how you can still easily leverage your legacy systems and get the next generation capabilities you need to take your business to the next level.

A Survey of Operations Executives

6 reasons why operations executives give up on digitization.

Digitization means finding solutions that solve for both manual processes and legacy systems, but digitizing with or without IT’s involvement is risky, costly, and time ­consuming. It’s no surprise operation executives are giving up. In fact, 58% are reverting back to manual processes.

TrackVia surveyed over 200 enterprise operation executives in March of 2019 to discover why operations teams are unable to evolve.

Download Giving Up on Digitization Initiatives: A Survey of Operations Executives to learn more about their experience and why there’s light at the end of the tunnel.

Modernizing the Back­ Office: Digitizing Financial Services with Low Code Platforms.

Banks today operate between two distinct worlds of back­ office and front­ office operations. Yet, most banks focus on optimizing the front­end customer experience. Oftentimes, this creates even more back­office manual processes.

On average, retail banks today have between 300 and 800 back­ office processes to manage and monitor. These processes leave the back ­office staff to deal with redundant tasks, excessive manual processing, and slow response times. This is why digitizing back­ office processes have the most potential on making monumental impact to the business.

Download Digitizing Banking Back Offices with Low Code Platforms and learn how easily you can digitize back ­office processes in weeks with low ­code platforms like TrackVia. TrackVia helps banks improve operations, customer experience, as well as data quality and accessibility.

With more twists and turns and “go back to start” than a game of Chutes and LaddersⓇ, it’s no surprise customers are looking for alternatives to the traditional mortgage process. Changing customer expectations combined with lower margin and price compression have driven digital transformation strategies across the industry. The next stop? The back office.

“The second digital revolution will focus on the back office to lower the cost for processing and underwriting.”

With a measured approach to automating middle and back office processes, lenders can: improve the customer experience, increase asset quality while mitigating risk, simplify regulatory compliance, increase efficiency, and contain costs.

Download Deliver a Winning Lending Experience now to learn how industry leaders like Stearns Lending are digitizing their back office operations to grow their bottom line.

Financial institutions are counting on banking operations to help transform them into the bank of the future. But, most bank back offices still have between 300 and 800 back ­office processes to manage and monitor ­­ hampering their progress and making data breakdowns are inevitable. As a result, banks can’t bring new offerings to market quickly, and still deliver disjointed experiences that leave consumers unfulfilled.

It’s time for a better way to approach back office automation.

Download Banking on Automation for a Better Back Office and learn how digitizing your back office processes with a workflow platform allows you to:

• Automate data collection to reduce errors and standardize your data
• Digitize work flows to speed up end ­to­ end processing
• Reduce operating expenses and improve the cost ­basis of consumer offerings