Financial sector automation

You can automate the entire approval process: from submitting payment requests to controlling the execution of payments, and integrate this with internal systems. One of the key points of automation in the banking industry is taking into account complex approval processes that involve a multi-level system of roles, a variety of routes for different legal entities, many exceptions, and dependence on approval limits.

To simplify the administration of a complex system of roles, you can create a mechanism for automatically creating system roles and assigning them the required access rights. For example, when a new legal entity is created in the system, the following roles are automatically created for it: lawyer, accountant, document management specialist, etc.

The system of registration of applications for work with mutual funds and investment accounts is designed for management companies. Such system is installed in service offices to process applications from clients. Automation of work with clients' accounts minimizes labor costs and errors of investment units seller, simplifies collection of documents. The system can maintain a single database, and each operator who creates documents on transactions can receive from it the actual data on the unit holder previously received by the management company. All necessary documents on transactions are generated automatically, and it is possible to track the status of each of them.

Automation of internal document flow in banks is the implementation of a system that allows with minimal human involvement to create, conduct and store agreements, payments, invoices, acts, orders, as well as control all stages of their editing, approval or execution. It is also a way to modernize the order of business in the company, to make the process more efficient, transparent, and error-proof. Often IT departments in banks resort to automating different document workflows with different solutions. But for adaptability and rapid scalability of a financial organization, a system with a holistic structure and unified corporate standards is important.

Electronic archive helps organize centralized systematized accounting and storage of documents generated in the current activity of structural divisions. It helps reduce labor costs when searching and selecting documents, optimize processes of operational document storage and delimit access rights to documents for subdivisions. The solution can be integrated with other systems, including front-office systems and legally significant document management services.