Business Process Management for Brokerage New Accounts: Toppling Barriers Between

Business Process Management for Brokerage New Accounts: Toppling Barriers Between Product Silos

Product Type: Market Research Report
Published by: TowerGroup
Published: October 2007
Product Code: R301-1344

Description

Today's brokerage new account processes are broken and need to be fixed. Although data has been integrated and applications integrated, business processes remain siloed. Integration of the islands of automation among the disparate lines of business is imperative for future success. The solution required is business process management (BPM). This TowerGroup ViewPoint provides an understanding of the concepts of BPM and shows why the client onboarding process needs it. The pragmatic description will be of use to brokerage firms that have not yet recognized the value of BPM and will give those that have already applied BPM to their processes an opportunity to validate their approach.

Table of Contents

Report Coverage
A BPM Refresher: Exhibit 1 Implementation of Business Process Management: Stages and Benefits
New Account Islands of Automation at Brokerage Firms: Exhibit 2 Brokerage New Accounts Processing Without Business Process Management
Interconnecting a Brokerage's Islands of Automation by Applying BPM: Exhibit 3 Brokerage New Accounts Processing Using Business Process Management
The Benefits of BPM for Processing New Accounts
Summary

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