Financial Services Industry - Cost Optimization

Cost Optimization

The financial services industry is ever-changing. Post-recession reconstruction is still underway. At the same time, financial organizations are subject to the same technology-powered business model disruptions that have become a hallmark of virtually every industry. Businesses must find new ways to cut costs without impeding growth. They must become more efficient by harnessing technology to automate processes, adopt digital infrastructure and tools, communicate more effectively throughout the organizations, and provide self-service capabilities to satisfy customer demand.

How We Help

Prolifics works with financial services enterprises to support new business initiatives, including…

Cost Optimization Case Study

Case Study

Verus Financial Boosts Auditing Analytics

Prolifics helps Verus Financial increase audit accuracy, analyst productivity, and overall efficiency.

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Prolifics' Capabilities

Efficiency and Workforce Reduction >> 

Enterprises become leaner and more efficient by taking advantage of breakthrough technologies...

Maximizing efficiency is crucial to cost reduction. Enterprises become leaner and more efficient by taking advantage of breakthrough technologies to promote automation and streamline everyday operations. These enhancements to productivity allow your organization to optimize its workforce needs, improve customer service, and speed delivery.

Prolifics can assist your business in realizing the latest and greatest in efficiency-maximizing technologies and approaches. We leverage robotic process automation and machine leaning to accomplish "more with less". Our process re-engineering, rule optimization, and rule harvesting expertise helps craft a business that is better equipped to excel, with straight-through processing approaches that realize efficiency and reduce errors. We utilize decision and process modeling to improve analytics, granting deeper insight into where your enterprise stands to save.

Customer Retention and Loyalty >> 

An enterprise’s customer care and retention strategy is just as important as any other part of its business model...

An enterprise’s customer care and retention strategy is just as important as any other part of its business model. Successful businesses are capitalizing on moves to digital-first channels and mobile products that offer unparalleled convenience and value to their customer base. It’s a necessary shift: as the millennial market share grows, it becomes more important than ever to promote ongoing customer loyalty by focusing on client needs and adding value.

Prolifics puts technology to work for your business. We drive automation and rules optimization implementations to make it easy to do business with your organization. We bring next-generation analytics to the table, leveraging data, decision, and process modeling, Cognitive insight, and predictive, geospatial, planning, and performance analytics to power tightly personalized experiences that appeal to the modern consumer.

Banking Delivery Optimization >> 

Banking revenues are levelling off as financial services organizations begin to realize peak saturation to their markets...

Banking revenues are levelling off as financial services organizations begin to realize peak saturation to their markets. In order to stay profitable, enterprises must look at the other side of the balance sheet, finding ways to reduce costs without compromising on the quality or delivery of their services.

With the right technological partner in Prolifics, your business can bring costs under control while still meeting customer expectations and regulatory requirements. We optimize your platforms using the cloud, reducing infrastructure requirements and associated expenditures. Automation and machine learning do the heavy lifting when it comes to core business activities, letting you reassign your human workers to more important tasks. Analytics that leverage the latest technologies surrounding modeling and insight enable you to forecast and plan for inventory, cash demand and supply, equipment deployment and maintenance, and much more.

Cash Supply and Demand Chain Optimization >> 

Managing your cash supply chain is a complex and difficult proposition...

Managing your cash supply chain is a complex and difficult proposition. With new technologies and new demands coming into play, your organization must stay at the forefront of cash provision strategies. The costs attached to cash supply are growing, too, but by gaining a better understanding of where and when cash should be, you can reduce waste and increase efficiency, thereby bringing costs down.

Let Prolifics help you optimize and streamline your cash provision approach. We improve and automate your key business rules and processes. We bring you cutting-edge analytics to investigate patterns to predict where cash is most needed, as well as where it is being wasted, letting you adjust and make better use of your resources. Furthermore, insightful analytics require trustworthy data; our experts help guarantee the quality of your information to ensure it is fit for purpose.

Capital Adequacy Management >> 

Because such large sums change hands every day, financial services organizations of every size must keep a careful eye on their flow of capital...

Because such large sums change hands every day, financial services organizations of every size must keep a careful eye on their flow of capital. However, doing so manually can be time-consuming, inefficient, and cost-intensive. Organizations must effect drastic improvements to their business and information-gathering processes required when it comes to capital management.

Prolifics offers proven solutions that equip business leaders with insightful analytics and reports that form the basis of an informed cash flow management strategy. We implement next-generation automation tools to streamline key management processes, helping them become more accurate and cost-effective.

Investment Risk Reduction >>

Investments are the lifeblood of the financial services business...

Investments are the lifeblood of the financial services business, but they do not come without their own share of risk. Managing that risk and ensuring ongoing regulatory compliance are top concerns for all organizations, but are subject to the same cost saving pressures that hound other aspects of business in the financial industry. Enterprises must find ways to reduce the time and costs that are invested into risk management without affecting the results.

A pre-eminent risk management approach gets its start in analytics, and Prolifics is ready to equip your business with the latest in analytics technologies. We help ensure that your data is trustworthy, integrated, and accessible across the enterprise, which in turns feeds a robust analytics process that makes the most of predictive modeling and risk aggregation measures. 

Technology Makes it Possible

Prolifics' expertise across multiple specialties enables us to create unique, comprehensive solutions for your innovative cost optimization. Technologies we typically leverage for these types of initiatives include: