Boosting Banking and Financial Services Companies’ Digital IQ
Through ERP, CRM, HCM, eCommerce Selection and Implementation, Digital Process Roadmap, App Modernization, and By Improving Customer Experience.
We Help Banking and Financial Services Companies
Like You, With The Following Challenges
ElevatIQ consultants have deep expertise in successfully digitally transforming operations for banking and financial services sub-sectors. This specific expertise reduces your digital transformation project’s time and costs, as we don’t need training on your industry and business processes. We already understand particular processes for your micro-industry.
Need Help Building Consensus Among Teams About the Reference Architecture
Teams have their own favorite tools and technologies and can’t build consensus about the reference architecture? Are teams not aware of 50% of the processes managed inside the subsidiaries and need process mining capabilities? Banking and financial services companies seek help from ElevatIQ when they run into these challenges.
Need Help with the Custom Development of Proprietary Operational Processes
Don’t have expertise in architecting a custom solution and managing programs for custom development? Are proprietary processes not documented and struggling to design a solution around that? Banking and financial services companies seek help from ElevatIQ when they run into these challenges.
Disconnected Systems are Causing Significant SG&A Issues
Find yourself chasing cash and transactions, and the close process takes substantially longer? Systems so different that they require a substantial amount of effort with data translation and reconciliation? Banking and financial services companies seek help from ElevatIQ when they run into these challenges.
Need Help Integrating Propriety Payment Processors, SWIFT Gateways, and Regulatory Reporting Systems
Not sure how to design and integrate systems such as proprietary payment processors, SWIFT gateways, and regulatory reporting systems? Need expert help with banking and financial services industry-specific messages? Banking and financial services companies seek help from ElevatIQ when they run into these challenges.
Communication and Reconciliation Issues with Branches
Branches spend a substantial amount of time reporting their P&L and then require a significant amount of time reconciling at the corporate level? Seamless communication challenging between branches and the corp? Banking and financial services companies seek help from ElevatIQ when they run into these challenges.
Limited Experience in Planning a Custom Development Program
Not sure where to start on the journey of your custom development program? Confused whether low-code, no-code is the right fit for you vs. another platform? Banking and financial services companies seek help from ElevatIQ when they run into these challenges.
Want to learn more about why independent consultants have a higher success rate with banking and financial services digital transformation implementations?
Our Case Studies for
Banking and Financial Services
ECommerce Supply Chain Transformation With ERP Selection
Download the eCommerce Supply Chain transformation case study and learn how LockNLube transformed its inventory and supply chain challenges by consolidating over 20 systems. As well as by creating business, process, information, and system architecture as they prepare for the next phase of their growth.
Mergers and Acquisitions ERP Integration Failure Rescue
Download the mergers and acquisitions ERP integration failure Case Study and learn how Pride Sports struggled with Supply Chain and inventory allocation issues, as well as operational disruptions due to poorly planned M&A integration and ERP transformation project.
Omnichannel eCommerce Customer Experience Transformation
Download the omnichannel eCommerce customer experience case study and learn how fashion retailer AKIRA built a digital roadmap and managed stakeholder expectations to transform its processes and systems to explore newer business models such as buy-online-pickup-in-store and curbside pickup.
Our Expertise with
Banking and Financial Services Sub-industries
ElevatIQ has served clients in various baking and financial services verticals such as banking; wealth and asset management; credit unions; insurance.
Banking
Our capabilities for banking and financial services companies include ERP selection and implementation, CRM selection and implementation, HCM selection and implementation, custom development and app modernization, enterprise architecture, and digital transformation roadmap development.
Insurance and Credit Unions
Our capabilities for insurance and credit unions include ERP selection and implementation, CRM selection and implementation, HCM selection and implementation, custom development and app modernization, enterprise architecture, and digital transformation roadmap development.
Wealth and Asset Management
Our capabilities for wealth and asset management companies include ERP selection and implementation, CRM selection and implementation, HCM selection and implementation, custom development and app modernization, enterprise architecture, and digital transformation roadmap development.
Our Services For
Banking and Financial Services Industry
ElevatIQ services include digital transformation readiness assessment and vendor-agnostic digital process architecture development; business process re-engineering, documentation, and design; digital roadmap and business case development; enterprise technology selection; requirement, project, and change management; RFP development and contract negotiation; implementation, optimization, and training; and project recovery and expert witness.
Digital Strategy Assessment And Roadmap Development
Our assessment starts with a deeper dive into the current state of your processes, data, systems, pain points, and goals. We use secondary and primary methods to provide an initial roadmap of recommended changes to meet your business goals.
Custom Development and App Modernization
Packaged software might not always be the best choice, depending on your operational processes. And sometimes, custom software may make more sense to simplify the process than paying millions of dollars with enterprise software and not using 20% of its functionality. We can help with any custom development or app modernization needs.
Managed Services
Working with consulting companies could be difficult. You might not find the resources when you need them. And your internal resources might not have the same level of expertise with master data governance compliance or making technical decisions that might impact your architecture. ElevatIQ can provide managed services covering all of the systems for a monthly retainer fee.
Business Process Reengineering And Redesign
These services help baking and financial services companies to restructure their processes which typically result in expensive ERP and CRM implementation failures. As well as performing buy vs. build analysis for the ad-hoc processes that might not be supported by the packaged enterprise software.
Digital Transformation Project Recovery And Optimization
70% of digital transformation projects don't deliver business results. And some cause significant disruptions to the business. If you need help recovering the project by analyzing the current implementation and taking interim steps to prevent damages or pivoting strategy, we can help.
ERP, HCM, CRM, and eCommerce Selection, Integration, and Implementation
These services help identify the suitable systems for your enterprise architecture, uncover technical and financial risks deeply embedded in your contracts, and manage change for your organization. As well as implementing and integrating them.
Change And Project Management
Unlike other project and change management consulting firms in the market, we have deep expertise with most enterprise software categories, allowing us to reduce the total training and implementation time with our projects. As well as building quick rapport with the technical teams.
