Process Mining

At FineDigit, we consider process mining as a key step of digital strategy to diagnose firstprocessing chains but also to put processes under controls in run mode.

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PROCESS MINING is at the service of transformation,

·      Take a science-based approach ideally complementing experts’ inputs

·      Visualize business workflows based on data coming from your IS

·      Determine very efficient business sequences considered as happy paths as well as all the variants for eventually a 60% cut.

·      Track losing percentage points in STP, both vertically and horizontally

·      Identify precisely where toenhance business processes to finally free up 20 to 30% of post-trade capacity

·      Highlight where to speed upprocesses for more efficiency and compliancy

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PROCESS MINING will be an inescapable pillar formonitoring business activity,

·      Switch to a true monitoring model, potentially complement with RPA either upstream (to enrich data) or downstream (to activate additional processes)

·      Rely on an extensible set of key performance indicators to assess STP rates and processing times

·      Calculate and monitor costper trade

·      Detect any risky occurrences (discrepancies, sensitive exceptions and statuses, atypical sequences, breachesof compliance & security)

·      Find the good balance between a very-high level of automation and operational risk mitigation along the full business value chain

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WHY FINEDIGIT

·      Financing institutions are currently discovering the tremendous potential of process mining, mature methodology and technology

·      Transforming in an effective manner and on a long run must rely on a strong diagnosis of the as-is situation

·      Implementing process mining solution is perceived as a second breath in some RPA programs

·      Based on partnerships with best-of-breed solutions, Celonis and UiPath, FineDigit is leveraging onits strong business expertise to maximize the usage of process mining at financing institutions or to deliver audit of processes

·      FineDigit can equally draw on its center of excellence in process mining to accelerate the integration

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See our last video presenting  the main principles and all the benefits of Process Mining, a key step in the automation of your business processes.  

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PLEASE CONTACT US FOR A RENDEZ-VOUS
During which we will be presenting our approach as well as models we built to demonstrate the power of process mining.

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