Exception handling based on deadlines is a fact of life in the Banking Industry. Whether handling exceptions in Service Processes such as Check Clearing operations or handling large amounts of money as in Treasury Management, Service Process Management may mean large amounts of money in Interest earned or saved. Customer-facing Banking Exceptions are even more crucial in ensuring continued excellent service to customers. Whether these are loan processing operations or alerting customers to adverse exceptions in their account activity, managing service levels is key.
Benefits for Banking Companies
| Monitor, Measure and improve internal and customer-facing banking service processes translating performance directly to increased competitiveness, revenues and profits. | |
| Alert appropriate departments or individuals in operations such as Treasury Management when exceptions arise. Sometimes the magnitude of these operations are so large monetarily that interest saved or earned significantly affects revenues and profits. | |
| Measure and monitor end-to-end service processes from a customer's point of view not from just an internal workflow perspective. The customer experience is the one that matters and that may need to be measured across multiple systems and people. |
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