Today's financial services firms are facing leaner margins and stricter regulatory pressures. As with any project management exercise, quantifying the returns on investment available from BPM initiatives will require senior IT management to conduct a cost-benefit analysis. In doing so, it’s important to be realistic about the costs but also explore the full range of direct and indirect benefits available from BPM technologies.

Bottom line is that a business process management (BPM) platform can help to future-proof your financial services firm with benefits such as:

  • Automation savings - improving processes end-to-end

  • Duplication Savings - automated workflows allows employees to be strategic where it matters instead of repeating the same tasks

  • Accelerating Customer Acquisition and Revenue - streamlining revenue-producing processes saves substantial money

In a market environment where financial services companies are more focused than ever before on metrics, such as cost of capital, the crucial first step in making the case for BPM lies in demonstrating the return on investment it an deliver.

K2's guide on “Proving the ROI of BPM in Financial Services” goes more in-depth, and explores many of the direct and indirect benefits of investing in BPM technologies.