Banking, Insurance & Financial Services Solution Catalogue
NDS™ Banking, Insurance and Financial Services Project Management solution, build over Project Online, is the fully integrated Demand, Program and Project lifecycle management solution that embraces all the phases from Demand initiation, planning, execution, benefit realization and closure. The solution comes with configurable attributes based on customer segment/size or project types.The flexible workflow and stages for management of various types of process, projects or programs of different size, nature and complexity.
The key to efficiency and fast customer service in the banking industry is the correct and dynamic matching of demand and capacity.Prioritize and select high-priority demands to be converted into Projects with priority, resource, cost constraint analysis. With the structured demand management implementation ensure streamlined flow on business requests and have the ability to map business requirements to strategic initiatives to ensure investments fall into right area.
The banking and financial services industry introduce many new products and services in the market due to globalization, changing investment trends, etc. Technology advancement plays a vital role in product development by creating a robust backend platform that not only facilitates product planning and execution but also reduces time to market for new launches. The project and portfolio solution, specifically designed with industry best practices for banking products and services covering all functional areas and stages.
Banking and Financial services are constantly looking for ways to improve their product offers and services to overhaul their customer’s experience. Tap in the benefit of prebuilt project management solution that enables structured and planned change management along with tracking potential risk that comes with changes. The solution helps in prioritizing responsiveness to change, faster change implementation, reduced service disruptions and system downtime, adherence to government and other compliance regulations, improved risk management, Improved products and services and business value.
Most banks and financial institutions, for the expansion of the operation, are continuously attracting customers to intuitive self-service systems or terminals for a successful sustenance and growth on their business. To succeed, banks are revamping their IT infrastructures and focusing on the most important channel for customer interaction – the ATM.A key success factor is reliable, timely system deployment with no risk of budget overruns and the smallest possible cutover time. Project online enables a single solution with planning, task tracking and team collaboration for managing all phases to ensure stable and effective operations of the rollout.
Retail banks continuously attract customers to branded branches and hold their interest with the latest, most intuitive self-service systems. Whether retail banks open new branches or modernise existing ones, a successful planning and execution are essential. Leading banks for the expansion of operation are adopting a systematic program management plan for new branch rollout sing Project Online and helps to cut costs, drive revenue and serve customers.
Banks are turning to technology to support business strategies, drive competitive differentiation, enhance operational efficiency and help protect resiliency. Keeping pace with those technologies require major investment from banks in various technology projects. NDS banking project management solutions on Project online to quickly setup technology project and monitor/track progress. The solution contains easy to set up templates for technology project of various sizes and complexities
Effective governance with streamlined risk and compliance management translates to better brand and customers confidence in banking services.Each year, banks and financial services organizations spend a substantial part of their time and money in mitigating risk and complying with a growing set of regulatory and operational compliance requirements By adopting a structured approach to governance, risk, and compliance projects management and having a central system that users across locations can access, record, manage, review, execute Regulatory compliance management project.
The Executive Dashboard, a visualization-driven solution gives banking project and program managers a quick and easy way to view their portfolios, programs and projects performance in real-time. It This executive dashboard presents an overview that a C-level or top executives of a banking company would need – including important metrics and KPI’s such as Project/Products by segment, size, regions or business drivers. Project KPI’s like Cost versus Revenue, quarter over quarter and more
Innovation management solution framework based on systematic process to Engage, Envision, Evaluate and Execute using best practice for collaboration, communication, analysis and management.
Get everyone in your company contribute to improving your business
Gather more and better ideas over time to continually matching changing conditions
Effectively manage your innovation process (assess efficiently business impact of ideas)
Get sustainable and ongoing results, aligned with your innovation and business strategy
Digital PMO (Project management Office) is a central strategic process in businesses to manage projects and lend both tangible and intangible benefits to the organisation.The PMO’s digital challenge is to communicate frequently updated project progress- exceptions and complexities to all stakeholders in an engaging way that improves their decision-making.
Project Online provides interfaces and tools that enable across the project portfolio, multiple data attributes and real-time information for reporting stakeholders on project progress, resource, budget, actuals including risks and exceptions and analysis.
The key to effective strategy in any business organization is to translate vision into broadly defined goals and creating actionable plans to achieve and sustain success. Planning and scheduling strategic projects are important because it helps the leadership realize the business value if actionable plans finish on time.
Strategy leaders in the organization can rely on Project Online to implement companywide strategic projects (creating strategic positions in market and business), retain their focus and remain innovative. It ensures that strategic objectives are met throughout project lifecycles, using effective tools and process.
All organizations have a finite resource and this must be considered during the demand and capacity management. Techniques such as NPV and project scoring help organizations select and priorities their projects, organizations also need to consider their ability to take on those projects from a resource perspective. Further complexity to this process is the fact that different projects have different resource needs, therefore different mixes of projects will have varying effects on the overall demands and projects selection.
Project Online solution enables decision-making on project selection based on prioritisation of business drivers and through resources availability vs capacity planning tools available in the system.
Projects or resources manage need to see who is doing what, when and where in real-time or through reports to allows greater efficiency, better resource allocation and accountability.
Timesheets and Resources management features in Project Online enables the manager to configure projects and resoures, assign tasks, classify task as projects or non-projects task and track their cost and accountability. It eases the process of invoicing, as real-time data is available against the time logged by resources in various cost centre/department or functional area.
A portfolio manager’s role is essential to ensure that organization not only does the work right but does it do the right work at the right time. Portfolio managers align projects, programs and operations with strategic objectives, investing resources in the right work to deliver the expected value.
In Project Online, portfolio and project management provides an effective way to implement strategic initiatives and bridge the gap between strategy and implementation. It encompasses tools and solutions needed in the co-ordinated management of complete group or subset of projects in a portfolio.
A program manager’s work can be complex and elaborate involving multiple stages and functions involved in the plan. It can surprisingly become simple if we know the right steps to take. It won’t be easy–but with implementing Program Management workflow in Project online, one gets the simple process to help improve collaboration and productivity.
Program management workflow in Project online helps in the reviewing and tracking every significant stage, conversation, or milestone that can be logged, time-stamped and recorded for review and management.
