Reduce Cycle Time for New Account Opens

 

Overview

The Employee Stock Option Service (ESOS) set-up time at a major European conglomerate bank was too long--leading to loss of assets, commissions and follow-up business, as well as lost market share and growth opportunity. The project team analyzed the end-to-end process, replaced manual processes with automated processes and enabled better collection of KPI data. The new process was transparent, eliminated inquiries and excessive communication, and improved process cycle time.

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Financial Services