High performance, highly secure IT integration of business process systems is now becoming a requirement to compete. Without automated communication between disparate systems, a business runs the risk of leaving important information on the table that can be used to discover opportunities and mitigate risks. Connecting a risk management solution to other systems allows for further monitoring and prevention of possible problems.
When considering government regulations and fines for non-compliance, in fields like securities trading or healthcare, quick and reliable automation of reporting systems becomes essential to function with operational efficiency. Manual data entry is an inefficient use of expensive man-hours, while also greatly increasing the risk of human error. TIBCO solutions leverage years of experience in real-time automation and integration to enable seamless monitoring and documentation.
When a new transparency regulation asked for market price data to be published within just three minutes of a trade, Postbank AG (one of Germany’s largest financial services providers) implemented a TIBCO solution in just six weeks. By integrating 15 different solutions, automating pricing, and using internet platforms, they achieved the highest level of automation in trading transactions. This not only reduces the significant manual effort previously needed, but ensures the efficiency, effectiveness, and quality of processes.
“TIBCO Software’s predefined tools and range of interfaces allowed us to map our business processes extremely quickly – much more quickly than would be possible with normal tools … in a record time of just six weeks – clear proof of the flexibility of our architecture.” – Dr Michael Schlosser, Head of Group Client Execution, Postbank AG