AMODIT is used
by banks and financial institutions. There are various business processes that
can be implemented. Some of them are general like Cost acceptance or Vacation
requests and some are industry specific. Below you can find selected
examples of such processes.
Operations Communication processes
There is lots of operations that require communication between departments. This communication has to be precise, traceable and effortless at the same time. This is very important because of legal and audit requirements. All changes has to be stored with timestamp and information about employees involved.
Here are examples of such processes:
Usually these
processes involve front-end departments (who communicate with customers) and
back-end departments (who have access to core systems). Each request has to be
verified by 2 separate people (4-eyes rule). The most simple process can
look like that.
- Transaction cancellation
- Booking request
- Booking correction
- Commission calculation and approval
- Individually negotiated commission
- Internal booking (between accounts of the same customer)
- Loro debit
- Nostro debit
- And other unusual or negotiated requests
Process is
usually initiated by front-end department and then executed by back-end
department in core systems. Dictionaries (like accounts, customers Ids, internal
accounts, loro accounts, nostro accounts) are imported from core systems to
make it easier for users to enter data. It minimizes risk of mistakes. These
dictionary data can be takes from core system by database request or by batch
files importing.
Additional help
is given when entering data to core systems. Those systems often use
old-fashioned technologies (like COBOL) and are not easy to make integration
with. Therefore AMODIT gives ability to generate barcodes with any necessary
data which can then be easily entered barcode reader. This also minimizes risk
of mistakes and saves time.
Change Request Form (CFR)
This process is
used to request and execute changes in banking IT systems. Whenever business
requires to make changes to IT system it has to be approved and executed by
several departments. This process can take time and it is important for
business users to be able to track progress of the process and its current
state.
Flow of
information can look like on diagram below:
Business advantages
- More efficient request processing
- Minimized risk of mistakes (using dictionaries and barcodes)
- Less manual work – no more retyping from emails
- Double check verification of requests (4-eyes rule)
- Transparency and clarity of requests for business users
- Business can track what happens to requests in real time
- Precision of defining permissions
- Storing history of changes and audit trails
- Integration with Active Directory lets turn off access immediately
- Easy reporting helps with resource planning
Why AMODIT is so special?
You can imagine
lots of other business processes. Need for new type of process can suddenly
because of changing business environment. So this is important to have ability
to define them very quickly by business users. It is also important to be able
to redefine them on the fly.
AMODIT gives
business users ability to suggest new processes and use them immediately.
AMODIT uses artificial intelligence to analyse flow of information and detect
bottlenecks. It helps discovering new processes and redefining existing ones.