| Industry Challenge Efficient cost and process control, quality of service monitoring and effective risk management have been key challenges shaping the Financial Services and Insurance industries. The regulatory pressure of Basel II, Solvency II and Sarbanes – Oxley have demanded a greater and continuous control over business processes and business performance and have also determined the need to embed risk management into business operations. Analyst estimates, backed up by our own experience, indicate that on average, in the Financial and Insurance sector, between 1% and 2% of overall revenue is lost along the revenue chain. How can WeDo Technologies help? Data integrity, Process Control and Risk Management With WeDo technologies integrated assurance framework – RAID – data from different platforms (customer management, billing, dealer management, portfolio management) is integrated into a central database, and data integrity and process validation rules are applied to detect errors and inconsistencies. RAID produces and manages alarms, provides the full problem life-cycle management and provides extensive KPIs reports and audit trails. |
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