{"id":107,"date":"2010-06-25T23:05:52","date_gmt":"2010-06-25T23:05:52","guid":{"rendered":"http:\/\/ianalderton.com\/?p=107"},"modified":"2012-08-23T15:21:26","modified_gmt":"2012-08-23T15:21:26","slug":"industrialise-strengthen-processing-part-2","status":"publish","type":"post","link":"https:\/\/ianalderton.com\/?p=107","title":{"rendered":"Industrialise & Strengthen Processing (Part 2)"},"content":{"rendered":"

In my previous post \u201cTarget a New Operating Model (Part 1) \u201c, I discussed the first principle of Aligning Operations with the Business.<\/span><\/p>\n

In this post, I will explain Principle 2, to Industrialise and Strengthen Processing across the enterprise.<\/span><\/p>\n

Principle 2 : to Industrialise and Strengthen Processing<\/strong><\/p>\n\n\n\n\n\n\n\n
Principle 2<\/strong><\/span><\/td>\nDirective<\/strong><\/span><\/td>\n<\/tr>\n
Industrialise and Strengthen Processing<\/span><\/td>\n\u00b7 Differentiate between fast lane and high touch processing<\/span><\/td>\n<\/tr>\n
<\/td>\n\u00b7 Strive for Cross Asset processing architecture<\/span><\/td>\n<\/tr>\n
<\/td>\n\u00b7 Develop enterprise wide shared service model<\/span><\/td>\n<\/tr>\n
<\/td>\n\u00b7 Install culture of continuous improvement<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/span>As the operating model for banks becomes more simple and specialised, focusing on higher transactional volume, the need for technology to understand the business dimensions becomes ever more critical. <\/span><\/p>\n

Only by understanding the value proposition, including and how to drive value across the enterprise, can a world class next generation operating model be clearly defined.<\/span><\/p>\n

The correct shared service model approach needs to be in place to differentiate between standard, utility transactions which can be STPd in the fast lane, from complex, bespoke processes that require a high degree of manual intervention and high touch processing. True economies of scale and automation can only be achieved by having a shared service model that is truly cross asset across all product silos, legal entities and geographical regions. <\/span><\/p>\n

The fast lane utility processes will form the bedrock foundation to support business agility and process innovation by providing a flexible and agile framework to define customised business processes. By their very nature, these processes are often both complex and bespoke, requiring a high degree of manual intervention and entrepreneurial spirit to support aggressive business velocity into new market and geographies.<\/span><\/p>\n

The drive to Industrialise and Strengthen Processing is all about working smarter, to create sustainable competitive advantage. It\u2019s all about leveraging existing processes and domain expertise to build a culture of continuous process improvement and innovation, where change is viewed as an opportunity that will differentiate between a market leader and a market follower.<\/span><\/p>\n

IAN ALDERTON
\nEmail : ian@IanAlderton.com<\/a>
\nTel : +44 (0) 7702 777770<\/p>\n","protected":false},"excerpt":{"rendered":"

In my previous post \u201cTarget a New Operating Model (Part 1) \u201c, I discussed the first principle of Aligning Operations with the Business. In this post, I will explain Principle 2, to Industrialise and Strengthen Processing across the enterprise. Principle … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[7],"tags":[],"class_list":["post-107","post","type-post","status-publish","format-standard","hentry","category-transformation"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p76RsR-1J","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/ianalderton.com\/index.php?rest_route=\/wp\/v2\/posts\/107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ianalderton.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ianalderton.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ianalderton.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ianalderton.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=107"}],"version-history":[{"count":14,"href":"https:\/\/ianalderton.com\/index.php?rest_route=\/wp\/v2\/posts\/107\/revisions"}],"predecessor-version":[{"id":920,"href":"https:\/\/ianalderton.com\/index.php?rest_route=\/wp\/v2\/posts\/107\/revisions\/920"}],"wp:attachment":[{"href":"https:\/\/ianalderton.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ianalderton.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ianalderton.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}