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Case study: SIEMENS FINANCE

Workflow automation allowed Siemens Finance to save 21,500 hours & improve internal processes handling time by 87%

Siemens Finance, a division of a multinational conglomerate employing approximately 385,000 people worldwide, uses WEBCON BPS to streamline operations, and speed up time-to-market for new products and services with workflow and process automation.

The financial market is one of the most competitive sectors of the economy. New product innovations regularly disrupt the market, change the balance of power, and force traditional players to reorganize their business strategies.

Siemens Finance needed an IT solution to create tailor-made applications to effectively manage their business processes that introduce new financial products to market. The goal was as much for maintaining and further developing a competitive advantage as it was for internal efficiency.

After evaluating several process management and workflow automation solutions, they selected WEBCON BPS low-code platform to automate and manage their business processes.

Industry: Finance

Website: www.siemens.com

Location: Europe

The key benefits of implementing WEBCON BPS:

  • the ability to quickly introduce new financial services to the company’s offerings;
  • improved customer service due to automating time-consuming processes, e.g., making credit decisions;
  • guaranteed data security;
  • compliance with policies and procedures;
  • the ability to introduce changes to processes quickly, and without disrupting the organization’s operations in progress;
  • markedly reduced training costs and shorter user adoption curves since application created in WEBCON BPS look and behave in a consistent manner;
  • reduced IT costs since a single platform can be reused again and again to build tailor-made solutions;
  • faster, better, more responsive, and more easily supported deliveries of new IT projects tightly coupled to business initiatives.

113% ROI

Over 100 business processes automated to date

Internal process handling time accelerated by 87%

Learn more about how WEBCON BPS low-code platform supports financial services organizations:

The Total Economic Impact of WEBCON BPS by Forrester

Learn how a financial services company benefited from implementing WEBCON BPS, from a study by Forrester
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webcon bps for finance and banking industry

Explore financial services processes that greatly benefit from automation
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Siemens Finance: From choosing the platform to the in-house development team
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