DIASOFT LAUNCHES AN ANALYTICAL TOOL FOR PREDICTIVE MONITORING OF BUSINESS PROCESSES

March 17, 2021

Diasoft announced the launch of a new solution – Business Process Monitor, which allows predicting the progress of any business processes of a financial organization. In case of a negative forecast, a responsible user will receive a respective alert and will be able to take timely actions to make sure that the business process is completed on time.

It is important for banks to timely receive information on issues in business processes to take necessary measures. During development of the solution, Diasoft focused on the need of its Customers to ensure that strictly regulated business processes were completed on time and were streamlined. The solution predicts execution of business processes and sends smart notifications to users in case of incidents. A smart notification contains information on the particular part of the process where the issue has occurred, the reason of the issue and its possible solution.

“Using a solution for monitoring of business processes, a bank can control all critical operations and their KPIs. A business process becomes predictive, and solving of incidents takes much less time. Taking into account that the monitoring allows understanding all details of an issue, the banks can easily solve it within no more than just a few hours”, said Dmitry Grachyov, Product Director for Financial Assets and Liabilities and Tax Accounting solutions at Diasoft.

Besides streamlining operations, a bank can accumulate statistical data on its business processes and eliminate bottlenecks. Important advantages of the new solution include its quick implementation without impact on current business processes and easy integration with the customer’s IT landscape.