Structured Data And Streamlined Business Processes
THE CLIENT WITH IMPLEMENTATION OF ASPEKT PRODUCT SUITE RECEIVED A HIGH QUALITY COMPLEX SYSTEM THAT SCOPES ALL BUSINESS OPERATIONS AND FOLLOWS THE FUTURE ORGANIZATIONAL GOALS
These are crucial goals to CLIENT’s business operations and fundamental mission to their organization. CLIENTS’ organization grows very rapidly and it’s consisted of 10 branches in urban and rural areas across the region. By covering the activities in these areas, the branches provide and guarantee for total confidentiality of information, commitment and high level of professionalism.
Beside the decentralized work and manual data entrance, the CLIENT has also faced issues with the synchronization of the applications and documentation between the branches, due to performance of their applications on several decentralized systems. This caused problems for the information flow between the branches, making it harder to communicate and share data among themselves.
With detailed analyses and examination of the core system problems that the CLIENT is facing, ASPEKT has prepared a detailed report with suggestions on how the new system should be constructed in order to help the CLIENT receive a structured technological solution and work on a single complex system that could fulfill their expectations and follow the organization’s future growth.
Aspekt Product Suite managed to cover the loan application process with General Ledger for automatic booking of all clients and loan transactions, starting from loan application until the final phase of disbursement of the loan. The solution is user friendly, all organizational levels can navigate through it, which makes it completely flexible and adaptable.
The solution can easily be operated and understood starting from employees from the lowest level up to the highest, from Front office employees and ending with General Managers, without any obstacles and confusions. It has flexible definition of approval schemes and various approval levels, which allow different organizational structures on different hierarchical levels to appropriately check borrower’s creditworthiness. The workflow is flexibly defined based on CLIENT’s business needs, with predefined documentation on separate stages and excludes chances for errors during the loan application process. With validation rules, the employee will receive a notification whether the application is completed, or if some information is missing in the client’s portfolio, which is important in order to close the loan application process without losing any crucial data, which might lead to wrong decision making process.
With Aspekt Product Suite the CLIENT’s employees were able to quickly experience significant improvements in their daily operations and reach higher productivity. These changes contributed to establishment of highly efficient internal processes.
Below are listed some of the benefits the CLIENT experienced against the former way of work:
- With flexible business process flow mapping CLIENT have experienced high process monitoring and streamlined management of all business operations.
- All operations were centralized from all branch offices into one single system and the system replaced some of the manually operations with automatic operations.
- With structural and detailed Financial Reports the CLIENT can increase the visibility of their performance and can easily track results, compare planed and achieve results and plan future steps according to this results. The data and information gained this way contribute for making better financial decisions.
- As the CLIENT expands its operations and continues to grow, the solution will follow the process by scaling up CLIENT’s future needs and keeping up with the bigger range of activities.
- The administration of the system is easily manageable from user side and it can track users’ activity with the Log Audit platform, which allows the administrators to receive detailed information about time, user and action performed in the system.
- With automated accounting option, the CLIENT can reduce time engaged in back office data processing and secure more time for data consolidation among different operational departments. This automated consolidation of reports, will reduce not just the time for it but the possible errors that could occur in the accounting processes.
Aspekt Product Suite has given the CLIENT exclusive experience to operate on a highly structured, improved and multiple operational system which has improved CLIENT’s daily operations, increased employees’ productivity, decreased operational costs, streamlined its working process, supported with automated workflow processes, avoiding data discrepancies and increasing the overall operational productivity of the company. With ASPEKT’s team of experts, the CLIENT will be able to receive highly professional service, consultation and maintenance in order to enjoy in their impeccably new software solution. ASPEKT is looking forward for the future collaboration with this CLIENT, hoping to fulfill its needs, expectations and standards.