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Today's organisations seek to gain a
competitive advantage through the
use of improved business processes
supported by technology. Throughout
2006 Australian organisations are
turning to the new wave of BPM tools
to provide the necessary innovation
required to achieve these ambitious
but necessary goals.
Lonispace is a highly specialised
technology modelling company and our
team has worked in the BPM field for
9 years. Lonispace is conversant
with the leading vendors that offer
BPM products and has become very
skilled in the application of these
tools in the Australian Financial
Services market.
There is no doubt that the new
wave of BPM tools offered today
promise far greater gains for a
business than were previously
possible, some key points are shown
below that modern BPM tools should
provide:
• Quicker deployment times
• Less skilled labour to use the
tools
• The ability to reduce the
complexity and cost of the business
requirements mapping
• The ability to design the business
processes, sub processes,
workflows
& business logic from a single GUI
• A GUI that enables the business to
comprehend and provide
input beyond
the high level design of the
business processes
• A tool that can configure
the processes, workflows and logic
typically without the need to write
code
• A deployment model with
tools that provides a low cost and
low risk phased delivery of a
solution
An example of where Lonispace has
applied its skills coupled with
TIBCO’s BPM product suite to solve a
customer business challenge of
transaction transparency, full audit
capability and Basel II support in
Australia (as proposed by ASIC and
APRA) is a Loan Approval System for
a bank resident in Australia.
• Intra day review of the
loan status
• Faster turnaround of loan
requests - 200% reduction in time
taken
• On-line and instant
verification of loan status
• Removal of inefficient and
error-prone double entry of loan
request data
• Electronic access to all
security documents
• Significant improvement in
the management and security of
the loan book
One of the significant challenges
in this solution was the
decomposition of the complexities of
the loan application to ensure they
were easily supported in a single
browser based UI environment without
additional scrolling or mouse clicks
that would have made the solution
difficult to adopt by the users.
As the solution implemented
involved many technology components
within the bank the care taken in
developing interlocking data models
and schemas was of paramount
importance. To ensure that the
performance expectations of the bank
were met Lonispace created a
distributed composite master
reference data model that provided
for messaging, transformation,
mapping, enrichment, storage and
business logic to ensure the
business and functional requirements
were met.
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