Revenue Leakage -- Opportunity Calling for Banks! [ Source: SunTec Business Solutions ]
February 2009- Revenue Leakage has been a universal phenomenon, gnawing up the profit margins of service and transaction-based industries. Service providers in industries such as telecom have effective revenue assurance solutions to counter this threat. Although executives and managers in the banking industry acknowledge the prevalence of revenue leakage, they are not able to pinpoint its source or quantity. Banks need help in identifying the sources/points of leakage, quantifying the volume of revenue loss and also ...

Realizing Benefits by Automating Customer Account Opening in Financial Services Institutions [ Source: Virtusa Corporation ]
April 2007- Financial services institutions face unprecedented pressures, competitively and internally, to improve. An often-neglected area that is ripe for significant improvement and benefits is the account opening process. There are numerous opportunities to introduce or increase automation within account opening, using a targeted, manageable, iterative approach. Automation can offer wide-ranging improvements and benefits in areas such as customer experience and retention, costs and efficiency, and compliance. This white paper discusses how financial services institutions can approach ...

Integrated Client Onboarding: Turning Obligation into Opportunity [ Source: NexJ ]
December 2011- Leading financial services organizations are changing the way they onboard new clients. Historically, client onboarding has been a paper-based account opening process based on a single opportunity. This approach is error-prone and often overlooks upsell and cross sell opportunities. It fails to address the needs of modern clients, who expect advisors to know their investment goals, account information and transaction history, and to come to meetings prepared with recommendations and pre-filled forms.

Organizations ...

Stretching the Software Budget: A Practical Guide to Enterprise License Optimization [ Source: Flexera ]
April 2010- Software is of tremendous importance to today’s IT-intensive organizations. In fact, the appetite of organizations for software is growing at a faster pace than software budgets—especially in light of current economic conditions.

It is therefore more critical than ever for software buyers to get maximum value out of every dollar they spend on software. To successfully stretch their budgets, software buyers have to:

• Eliminate spending on unnecessary “shelfware” ...

Unlocking the Value of Account Opening With Component Business Modeling [ Source: IBM ]
June 2009- Worldwide, banks are looking for ways to eliminate the inefficiencies that have crept into their business structures, not only to reduce operational costs, but to better attract and keep customers. The new generation of customers, accustomed to increasingly innovative shopping experiences, insists on satisfying and faster interaction with financial institutions. Driven by high customer expectations and competitive pressures from market leaders, banks are being forced to reassess their delivery and customer management strategies. As an ...

Front-end Address Verification Software Reduces Risk Of Invalid Address Data Collection [ Source: Experian ]
October 2007- By focusing on address data quality, organizations control escalating direct marketing costs, enable a single view of their customers for analysis and trending, ensure effective account setup and communication, and improve overall customer experience. Unfortunately, the traditional means of mitigating poor address data is solely through scheduled, or at minimum one-off, batch cleansing efforts. While after-the-fact batch cleansing is extremely valuable for scrubbing large volumes of legacy or acquired address data, it is a downstream ...

Solutions for Streamlining Account Opening [ Source: Adobe ]
October 2007- Learn how streamlining account opening can help foster profitable customer relationships.