Nintex
Case Studies
Boosting Efficiency and Productivity in Banking with Nintex Foxtrot RPA
Overview
Boosting Efficiency and Productivity in Banking with Nintex Foxtrot RPANintex |
Analytics & Modeling - Robotic Process Automation (RPA) | |
Finance & Insurance | |
Time Sensitive Networking | |
System Integration | |
Operational Impact
The implementation of Nintex Foxtrot RPA software has significantly improved the operational efficiency of First Mid-Illinois Bank & Trust. The automation of multiple data-related tasks has not only saved time but also reduced the risk of errors associated with manual processes. The software has also allowed the bank to maintain its security and business rules, ensuring that the automation process does not compromise these important aspects of their operations. Furthermore, the software has enabled the bank to respond more effectively to changing customer demands by facilitating significant changes to their product offerings. This has resulted in the elimination of several old products and the creation of new ones that more closely match the lifestyles of their customers. | |
Quantitative Benefit
Reduced time spent on data-related tasks, freeing up employees to focus on high-value projects and customer service. | |
Automated the process of updating accounts that had qualified for the bank’s overdraft protection service, reducing the time required for this task from two days each month to a matter of hours. | |
Automated the process of applying dormancy fees to inactive accounts, reducing the time required for this task from a week or longer to a matter of hours. | |