Connect the new product development process with the out-of-the-box connector for project management systems. Configure relevant KPIs, including time to market and number of successful product launches.
Process Mining identifies bottlenecks and inefficiencies in the product development cycle. Further analysis reveals specific stages, such as regulatory approval and market research, that cause delays.
Streamline the regulatory approval process, enhance market research through data analytics, and improve cross-departmental collaboration to speed up product development.
Monitor the metrics time to market and number of successful product launches to ensure continuous optimization of the product development process.
Connect the cross-border payment system with the out-of-the-box connector for payment processing systems. Configure relevant KPIs, including average transaction time and transaction cost per payment.
Process Mining identifies delays and high-cost areas in the cross-border payment process. Further analysis reveals specific steps causing delays, such as currency conversion and intermediary bank processing times.
Implement real-time payment tracking, optimize currency conversion processes, and negotiate better terms with intermediary banks to reduce processing times and costs.
Monitor the metrics average transaction time and transaction cost per payment to ensure continuous improvement in the cross-border payment process.
Connect the customer onboarding process with the out-of-the-box connector for customer relationship management (CRM) systems. Configure relevant KPIs, including average onboarding time and conversion rate.
Process Mining reveals high dropout rates during the document submission phase. Further analysis identifies the specific documents causing the most delays.
Simplify the document submission process by integrating an online document upload and verification system.
Monitor the metric average onboarding time to ensure the process remains efficient and user-friendly.
Connect the loan application process with the out-of-the-box connector for loan management systems. Configure relevant KPIs, including average processing time and approval rate.
Process Mining reveals bottlenecks in the loan approval process. Further analysis shows steps where applications are delayed and the impacted value.
Automate document verification steps and trigger alerts for pending approvals to loan officers. Implement auto-decision rules for low-risk applications.
Monitor the metric average processing time to continuously optimize the loan approval process.
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