AuraQuantic Case Studies Bantrab Streamlines Purchase Processing with AuraQuantic: A Case Study

Edit This Case Study Record

	Bantrab Streamlines Purchase Processing with AuraQuantic: A Case Study AuraQuantic

Bantrab Streamlines Purchase Processing with AuraQuantic: A Case Study

AuraQuantic

Technology Category	Platform as a Service (PaaS) - Application Development Platforms
Applicable Industries	Finance & Insurance
Applicable Functions	Procurement
Use Cases	In-process Traceability Inventory Management
Challenge	Banco de los Trabajadores, also known as Bantrab, a leading financial institution in Guatemala, was facing significant challenges with its manual purchase order and requirement management system. The process involved users printing and filling out documents for each purchase request, which were then sent via internal correspondence to various managers for approval. This system not only led to high paper consumption and associated costs but also resulted in a slow and inefficient process. The bank was seeking a solution to automate this process, but faced several challenges. These included a limited timeframe for implementation, the need for the platform to comply with the institution's regulations and internal processes, and the fact that such platforms were not widely used in the banking sector. Read More
About Customer	Bantrab, founded in 1966, is a leading financial institution in Guatemala, dedicated to promoting the development and well-being of the country's workers through savings, investment, and finance services. Over the years, Bantrab has grown to become one of the most solid financial entities in the country. It is currently the sixth largest Guatemalan bank in terms of volume of financial assets and is recognized as one of the most profitable entities in the region. Bantrab is also known for its good corporate governance practices and is listed among the best places to work in Central America. Read More
Solution	Bantrab implemented the AuraQuantic platform, leveraging Business Process Management (BPM) technology to optimize its document management process. This facilitated the registration, search, access, and availability of information in an organized manner. The solution involved a digital repository that stored all the information generated by different departments. This centralized unit integrated all data sources, and all process activities had to pass through this unit. This approach provided absolute control of the documents, eliminated duplications, and ensured data security. The AuraQuantic platform was adapted to meet Bantrab's regulations and internal processes, despite the limited time for implementation and the lack of widespread use of such platforms in the banking sector. Read More Log in to view content
Contents

Technology Category

Platform as a Service (PaaS) - Application Development Platforms

Applicable Industries

Finance & Insurance

Applicable Functions

Procurement

Use Cases

In-process Traceability

Inventory Management

Challenge

Banco de los Trabajadores, also known as Bantrab, a leading financial institution in Guatemala, was facing significant challenges with its manual purchase order and requirement management system. The process involved users printing and filling out documents for each purchase request, which were then sent via internal correspondence to various managers for approval. This system not only led to high paper consumption and associated costs but also resulted in a slow and inefficient process. The bank was seeking a solution to automate this process, but faced several challenges. These included a limited timeframe for implementation, the need for the platform to comply with the institution's regulations and internal processes, and the fact that such platforms were not widely used in the banking sector.

About Customer

Bantrab, founded in 1966, is a leading financial institution in Guatemala, dedicated to promoting the development and well-being of the country's workers through savings, investment, and finance services. Over the years, Bantrab has grown to become one of the most solid financial entities in the country. It is currently the sixth largest Guatemalan bank in terms of volume of financial assets and is recognized as one of the most profitable entities in the region. Bantrab is also known for its good corporate governance practices and is listed among the best places to work in Central America.

Solution

Bantrab implemented the AuraQuantic platform, leveraging Business Process Management (BPM) technology to optimize its document management process. This facilitated the registration, search, access, and availability of information in an organized manner. The solution involved a digital repository that stored all the information generated by different departments. This centralized unit integrated all data sources, and all process activities had to pass through this unit. This approach provided absolute control of the documents, eliminated duplications, and ensured data security. The AuraQuantic platform was adapted to meet Bantrab's regulations and internal processes, despite the limited time for implementation and the lack of widespread use of such platforms in the banking sector.

Impact #1	The implementation of the AuraQuantic platform has brought about significant operational improvements for Bantrab. The most notable benefit has been the reduction in time spent on purchasing processes, which are now 60% faster than the previous manual processes. The platform has also improved process traceability related to the purchasing flow, the classification and organization of items in the warehouse, and automatic notifications and alerts in real time. Furthermore, the platform has enabled Bantrab to identify bottlenecks in the organization and ordering processes, leading to greater efficiency and productivity.

Impact #1

The implementation of the AuraQuantic platform has brought about significant operational improvements for Bantrab. The most notable benefit has been the reduction in time spent on purchasing processes, which are now 60% faster than the previous manual processes. The platform has also improved process traceability related to the purchasing flow, the classification and organization of items in the warehouse, and automatic notifications and alerts in real time. Furthermore, the platform has enabled Bantrab to identify bottlenecks in the organization and ordering processes, leading to greater efficiency and productivity.

Benefit #1	Reduced purchase processing times by 60%
Benefit #2	100% generation of reports with specific actions and times
Benefit #3	57% improvement in process traceability and customer service times

Benefit #1

Reduced purchase processing times by 60%

Benefit #2

100% generation of reports with specific actions and times

Benefit #3

57% improvement in process traceability and customer service times

Download PDF Version

Overview

Bantrab Streamlines Purchase Processing with AuraQuantic: A Case Study

Operational Impact

Quantitative Benefit