Blogpost

Operational Excellence in Asset Management and Bank Treasury

Flexible Workflows as the Key to Success
In the context of increasingly volatile financial markets, we take a look at the importance of flexible workflows for Treasury and Asset Management. We show how our expertise in developing and designing flexible workflows can help achieve operational excellence and create competitive advantage.

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Operational Excellence

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How to get Operational Excellence?

Currently asset managers and banks face increasingly complex challenges. Digital transformation, constantly changing regulatory frameworks, cost pressure, and the rapid pace of technological developments demand high flexibility and agility. Companies must continuously adjust their processes in order to remain competitive and fulfil regulatory requirements.

In this context, the question “make or buy?” plays a central role: Should solutions be internally developed or procured externally? In this regard, quick but sustainable decision-making is crucial. Flexible workflows make it possible to react efficiently to these dynamic conditions while simultaneously achieving operational excellence. They provide leeway and flexibility necessary for constant adjustment, enabling companies to operate more efficiently, minimise risks, and leverage competitive advantages. This article explores how flexible workflows serve as a key to operational excellence in bank Treasury and Asset Management, and why their implementation is indispensable today.

Composable Workflows as a Response to Uncertainty and the Need for Adaptability

Composable workflows enable the design of complex processes through the combination of smaller, reusable building blocks. These units can be flexibly assembled and modified to meet changing requirements and conditions in dynamic business environments. In this way, banks and asset managers can react more quickly to new challenges and make adjustments without the need to redesign existing structures from the ground up. Composability encompasses not only the workflows of business activities, but also the underlying technological solutions.

By implementing composable workflows, our clients improve their productivity, shorten development cycles, and increase flexibility to respond with agility to new business opportunities and regulatory requirements. This approach simultaneously allows for the use of the best technologies and flexible solutions for specific challenges.

Designing Composable Business and Technology Architectures to Maximise Value

Although the concept of composability is nothing new, it is often inadequately implemented in the financial sector.

Successful business and technology architectures are based on three essential elements:

What Does It Mean to Make Both Business and Technology Composable?

In order to adapt quickly and flexibly to changes, IT systems, business structures and products should be designed modularly. The key lies in modularity – processes and workflows are divided into self-standing, reusable base units, which can be easily combined and exchanged. The main principles of this approach are:

  • Modularity:Work processes and value chains are segmented into individual modules that can be exchanged or expanded according to need, without losing value or efficiency. This enables rapid response to new requirements and optimisation of existing processes through internal or external improvements.
  • Cost Control: Reusing modules reduces development and operating costs, as not every component has to be created new.
  • Innovation und Flexibility: New modules open up new possibilities. They allow to quickly integrate “best-of-breed” solutions (make-or-buy), thereby driving innovation and providing you with flexible service offering.

Composable IT structures thus provide the foundation for efficient, scalable, and future-proof business processes that keep pace with market dynamics.

How You Can Start the Process and Validate Existing Opportunities in Your Organisation

A thorough analysis of the current situation, as with any change process, is essential. However, in our consulting experience in the Treasury and Asset Management segment, this crucial step is often underestimated. Sound stocktaking forms the basis for all subsequent decisions and sheds light on potential for optimisation.

Summary

To be successful with composability, your team requires new skills, competencies, and tools. Give them the time and resources to adapt and to grow – and in this way lay the foundation for a future-proof, agile organisation.

We support you with our expertise not only in Treasury and Asset Management, but also in the development of flexible workflows. Our quick check for treasury management can serve as a starting point for this.

Quick Check für Treasury Management

We support you with our expertise not only in treasury and asset management, but also in the development of flexible workflows. Our quick check for treasury management can be an initial starting point for this.

Quellenangabe
Joerg Isselmann

Jörg Isselmann

betreut bei msg for banking Kreditinstitute in Projekten zu den Themen Bank- und Risikosteuerung (insbesondere Eigengeschäftssteuerung und strategische Fragestellungen) sowie den zugehörigen aufsichtsrechtlichen Anforderungen. Er verfügt über langjährige Praxiserfahrung in globalen Führungspositionen bei Banken und Börsen.

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