Decisions Blog

Legacy banking and lending technologies continue to plague the bottom lines of financial institutions resisting digital transformation. In many cases, inefficient or limited financial technology is placing a cap on the loan volumes lenders are able to handle, while also creating additional operational costs that could be easily addressed through modern solutions. Research suggests that […]  Read More
Although many simple finance and lending-related processes may be easily managed with straightforward workflows, this industry often wrestles with complex tasks and highly variable processes that require case-by-case consideration and management. Situational challenges, including the amount of unstructured data financial institutions may collect as part of financial processes, create unique obstacles for efficient internal operations. […]  Read More
If your organization has made the decision to implement a business process management software solution, you are likely well aware of the many benefits you stand to gain from such a project. However, as with any software implementation, there is always the possibility of something going wrong. In fact, the implementation of enterprise software is […]  Read More
Banks and lending institutions are expanding their financial products to include lending solutions and terms that can be customized to the individual borrower. This is a response to the ever-expanding ways consumers and businesses are seeking to borrow money for specialized products, but these institutions are hitting roadblocks when it comes to their current lending […]  Read More
In finance and lending, policies and regulations inevitably govern how processes work. An effective rules management system can help these processes flow more smoothly, particularly with loan origination. Automated rules deliver a range of benefits for lenders, including: Increased efficiency Streamlined implementation of rules, regulations, and policies Less reliance on IT teams Fewer repetitive tasks […]  Read More
Whether you’re aware of it or not, rules provide necessary logic and structure to any business. These rules define the job responsibilities for each of your workers, establish expectations for workplace behavior, and offer guidance for a wide range of operational procedures that take place every day at your company. Business rules make it possible […]  Read More
Whenever you’re trying to automate internal processes that operate on a case-by-case basis, you have a potential use case for a case management solution. Regardless of industry, almost any business leader can identify multiple internal processes that could be streamlined and improved by using case management technology to automate processes and improve customer service. Here […]  Read More
If you have made the decision to implement a document workflow software solution in your business, then you have already taken the first step. However, most people know that when it comes to implementing a new software solution, deciding you need the software isn’t usually the hardest step to take. What follows the decision to […]  Read More
Without the right approvals, business processes can come to a grinding halt. When things are held up because something requiring approval is sitting in a queue, people want to know where the bottleneck is. In theory, tracking the progress of an approval as it makes its way through a business process should help speed things […]  Read More
When you think of workflow software, it is easy to think of the movement of process automation. After all, flow implies constant motion, and you use the software to move through the steps of a given process. However, there is an often-overlooked element of process automation using workflow software: The process has to start with […]  Read More
Truth tables date back as far as 1902 to logician Charles Sanders Peirce, who used them as a method to display algebraic logic. Truth tables have evolved over the years. As more people rely on them to represent logical outcomes, they have become more useful in other fields, and are now instrumental in business process […]  Read More
You may not have caught this story, but last week Boeing launched the new Starliner spacecraft, which is designed to be the next generation launch vehicle. The Starliner capsule did not make it to the International Space Station (ISS), it’s intended destination. It was able to land successfully back on earth yet there were a […]  Read More
  There was an interesting article in New Scientist last month that highlights new regulations in the UK related to AI decision transparency. Organizations there could face multi-million pound fines if they cannot adequately explain why decisions are made from these models. There are similar regulations in the EU. This points to a problem in […]  Read More
Lenders are well-acquainted with loan origination systems, for better or for worse. This fintech solution is widely used to support traditional loan origination processes, providing a reliable structure for managing workflows and data, and enforcing rules that govern loan approvals. But this structure can also be a weakness of LOS technology—especially for nontraditional lenders seeking […]  Read More
You’ve heard about no-code software for various business solutions, but do you understand how this software works and how it can improve your daily business operations? Business professionals rely on a number of software solutions to perform day-to-day tasks. However, they’re often left out of the development process entirely, and instead rely on intuitive developers […]  Read More
Businesses turn to workflow software solutions in order to remove manual tasks from their processes. As with any software, not all company workflow solutions live up to users’ expectations. Unfortunately, not everyone is able to tell if the workflow software they implemented is making the impact they had hoped for. However, if you know what […]  Read More