[2006-11-28]

As globalization become more competitive day by day, finance regulations becomes complex, while external rating agencies / investors are focusing on the risks / asset management abilities of financial services enterprises. Financial services enterprises are shifting from market strategy, organization structure, management process, and information systems to correct a series of mistakes and ensuring the future business operations of the enterprise.

To enter into the international market, financial service enterprises are activity reorganizing existing information system architectures to support various business operational requirements, and comply with regulations from the Taiwan Financial Supervisory Commission and other government departments. An example would be the eLoan risk management mechanisms. But risk management mechanisms involve market strategy, organizational integration, management process, and information integration. Therefore, organizational strategy must be implemented into the actual business process of each employee using Business Process Management (BPM) tools. For example, as mentioned by Huonan Xu, vice president of technical services of FirstBI Corporation, Taiwan, integrating KPI and BI solutions connects the gap between the strategic layer and operations layer, and the collateral system mentioned by Xiufen XU, associate manager of systems Enterprise Software Applications Group of Peace Systems Integration, all utilizes the adapter tools in BPM to connect various different systems.

Also, BPM tools can not only connect various different systems, it can also reuse system components, and other benefits. Yaotai Li indicates that because BPM tools modulates event, activity, external approvals, and components, therefore, when there are only changes in the external approval mechanism or operation nodes, only the changes to the relevant modules are needed, and there is no need to change all the system processes. It is very beneficial for financial service enterprises that have to substantially reuse system components, signing nodes, and process rules.

4. BPM can provide surveillance mechanisms to control the real time status of the process and make adjustments as accordingly.