Larsen & Toubro Infotech Financial Services Technologies Inc. (LTI Canada) is a leading global technology consulting and digital solutions company. Based on over two decades of experience of providing solutions for the financial services industry in Canada, it is clear that many organizations continue to look for effective ways to optimize operational efficiency, reduce redundant costs, and mitigate the risks associated with operational processes. To address this need, LTI has worked closely with our customers to develop an enterprise class business process management (BPM) and content management (ECM) solution called Digital Case and Content Manager (dCCM). dCCM streamlines the digitization and centralization of documents and work items across all work ingestion channels, and standardizes workflows for routing them. It boosts collaboration through internet-based access that allows users to optimize workload management across locations and geographies. Enabled with case management, intelligent work routing capabilities, and robust analytics and dashboard features, dCCM is a full featured content and business process management platform.
dCCM is built leveraging an industry leading BPM workflow and content management platform from our partners at Newgen Software Inc. The ingestion workflow and document management platform offered by Newgen is recognized by Forrester. .
With this industry leading business process management software, LTI has leveraged its domain expertise in financial services, global view into digital process automation, and 25 years of Canada based hosting services, to provide a process automation platform to address organizational workflow needs.
Common Business Challenges
Financial services back office operations teams receive thousands of work items
on a day-to-day basis from various ingestion channels. Effectively digitizing, centralizing, and standardizing workflows to manage these work items through to completion, often requires manual intervention and lacks integration with other critical systems. Work is often not intelligently distributed based on priority, and management lacks insight and alerts into work status, user throughput, and processing accuracy. Without access to detailed data, it is difficult to identify work bottlenecks, user training needs, and opportunities to adjust processes to further increase operational efficiency.
The Implementation Impact
The implementation leveraged agile principles across 200 users, 10 integration points, and 8 critical workflow processes –
Below are the results:
- 20% increase in user productivity due to process standardization and automated ingestion
- Reduced costs through the sunsetting of legacy solutions and applications
- Intelligent work distribution to ensure the right work is addressed first
- Process improvement with reports and analytics
- Faster problem identification with alerts
- Minimized errors and improved reconciliation across teams and locations
- Enhanced customer experience with transparency in service quality
- Complete audit of all activities, easily retrievable on demand