Organizations can’t compete and grow if they can’t scale efficiently. And they can’t scale optimally without the help of automation to reduce the time, effort and cost required to manage workflows and complete day-to-day tasks accurately and efficiently. Business Process Automation (BPA) holds the key to optimizing scalability without overwhelming resources, especially when guided by a strategic MSP partner like ECI.
Keeping Up with Business Processes Becomes Difficult at Scale
Financial firms today need to do more with less in order to meet their goals around cost reduction and operational efficiency, while also seeking to improve services and client experiences. This is easier said than done as companies grow, since the job of configuring and managing IT operations scales along with the business – creating a scenario where optimizing workflows and business processes becomes too big of a job to be done manually.
Consider the example of alert management in cybersecurity and the fact that a typical company might have to weed through more than 11,000 alerts a day, including numerous false positives and duplicative alerts. Or perhaps you are needing to quickly pull financial information on multiple companies for real-time decision support in trading on a stock exchange. These are just a sampling of the countless cases where it’s just not possible to keep up with managing business processes at scale without the help of automation.
That’s why Business Process Automation becomes increasingly necessary as firms look for ways to improve process quality, speed and productivity as they grow operations. Automation is also key to leveraging the increased data volumes that come with a modern digital enterprise, allowing firms to better manage, process and gain insight from large datasets.
The Transformational Power of ECI Business Process Automation
Whether it’s a security function, HR administration, financial analysis or any other corporate function, automation is the secret to accelerated growth, enhanced efficiency and dramatic cost savings. That said, most alternative investment firms do not have the in-house expertise to apply automation on their own – which is why many such firms turn to ECI for tailored support as a leading MSP specializing in financial sector services.
ECI’s Business Process Automation (BPA) service provides the technology and resources for firms to automate repetitive, manual and time-consuming tasks and processes. For instance, if we return to the cybersecurity example we mentioned above, ECI can apply automated vulnerability scanning to do the bulk of discovery and analysis, with only occasional human intervention. This frees up your employees to focus on more strategic and value-added activities like decision-making, innovation and customer engagement.
Clients trust ECI to deliver BPA applications tailored to specific functions across operations, finance, human resources, trading, portfolio management, risk, compliance and more. With every engagement, ECI works closely with our clients to gain a thorough understanding of key processes; where efficiencies can be made; and what forms of automation – such as robotic process automation (RPA), AI and machine learning models and other advanced technology applications – are most appropriate and will deliver the most value in automating a particular process or workflow.
ECI’s BPA services can ultimately transform the organization with a range of powerful benefits, including improved operational efficiency, optimized resources, enhanced security, reduced downtime and more streamlined compliance. Learn more about ECI’s Business Process Automation service here.
