The uptake and application of workflow management systems in the UK financial services sector
journal contributionposted on 18.03.2011 by Neil Doherty, Ivor Perry
Any type of content formally published in an academic journal, usually following a peer-review process.
Workflow management systems (WFMSs) are an important new technology, which are likely to have a significant impact on the way in which clerical and administrative operations are organised and executed. This paper seeks to investigate how WFMSs are being exploited and utilised commercially by UK-based organisations operating in the financial services sector. In-depth interviews were conducted with fourteen project managers to explore the development, application and commercial implications of this powerful, yet flexible, technology. The results indicate that workflow technology has the potential to facilitate significant changes to the way in which an organisation conducts its business, through the automation of a wide range of document-intensive operations. Furthermore, when applied in a well-focussed manner it has the potential to realise significant increases in an organisation’s flexibility, and productivity, as well as delivering major improvements to the quality, speed and consistency of customer service.
- Business and Economics