Financial services institutes have been hit harder than most by new regulations. But while burdensome, compliance with the Sarbanes-Oxley Act, the Basel III code, MiFID and anti-money laundering laws (among many others) is not an issue that can be side-stepped.
When looking for a document management solution it is wise to consider some key characteristics.
If a system is hard to use and access, users will waste valuable time—both theirs and your IT staff’s—or eventually abandon the solution. When evaluating different products, make sure they are user-friendly and easily adoptable within a user’s daily workflow processes. Check out the vendor case studies and talk to end-user references. Is it easy for content contributors to add, annotate, index and view documents?
Metastorm Business Process Management (BPM) allows you to integrate, automate and provide visibility into end-to-end business processes across departments, systems, and organizations.
Metastorm BPM allows you to leverage your existing systems and provide a more agile, intelligent business process layer that enables you to implement better processes without the constraints imposed by underlying systems and with deployments in months rather than the years it can take to change out legacy systems. Whether it’s customer on-boarding, case management, new product introduction, or regulatory compliance.
Frameworks are used to encourage the use of a consistent structure for architectural descriptions. Because an Enterprise Architecture (EA) is a multi-dimensional representation of a large and complex entity, a variety of multi-dimensional structures are possible, differing in the number and nature of the dimensions. Each representation of an Enterprise Architecture is referred to as a "framework". Widely used Enterprise Architecture frameworks include the Open Group Architecture Framework (TOGAF), Six Sigma and the Zachman framework. Many EA tools available today provide support for all of these frameworks by accommodating each framework's notation conventions and model types.
Vital to achieving buy-in for your OpenText MBPM (formerly Metastorm BPM) migration is the ability to demonstrate project control and transparency - a good framework will assist in arriving at a compelling business-case.