Nintex
Case Studies
FIMBank Enhances Efficiency with K2 Software Automation
Overview
FIMBank Enhances Efficiency with K2 Software AutomationNintex |
Application Infrastructure & Middleware - Event-Driven Application Cybersecurity & Privacy - Security Compliance | |
Buildings Finance & Insurance | |
Product Research & Development Quality Assurance | |
Leasing Finance Automation Time Sensitive Networking | |
System Integration Training | |
Operational Impact
The implementation of K2 software has brought significant operational benefits to FIMBank. The automation of many back-office processes has eliminated many data entry tasks, leading to more transparency in back-office functions. Employees can now monitor and manage the status of everything from new account applications to payment orders more easily. Managers can even use their mobile phones to track the status of tasks and approve requests when they are out of the office. This has improved the efficiency of the bank's operations, whether employees are working in the office or remotely. The bank has also improved its compliance management with automated processes that track deviations and forward any concerns to the compliance department for review. The new regulatory event manager process records actions relating to new regulations, assigns projects to the relevant departments, sets deadlines, and sends reminders to help FIMBank ensure compliance is achieved on time. | |
Quantitative Benefit
10+ end-to-end processes automated | |
5 Times faster to process tickets | |
200 page documents now processed in hours, not days | |