Ideas to get your business on target

Ideas to get your business on target

Impact of IT Risk on a Forever Changing Environment

Tags: , , , , Advice, Business
photo credit: Hamed Saber via photopin cc

photo credit: rosswebsdale via photopin cc

Branching off from a previous post “Does the Rise of Fintech Reflect the Future of Banking,” questions might arise as to the role of risk in this forever changing IT landscape.

Risk plays a role in all walks of life and influences how we operate, whether it is making a financial investment or choosing to travel to an unknown location. Every action can spur unknown events that will have an effect on the outcomes of an objective. With a changing environment, there are a lot of unknowns and the future of banking is no exception. Read More

Disruptive Technology in Payments: Is a Process Change in Order?

Tags: , , , Business, Cloud
photo credit: Hamed Saber via photopin cc

photo credit: monty.metzger via photopin cc

In our most recent post we discussed the disruptive nature of new technologies to the financial service landscape. This week let’s take a closer look at one of the most lucrative segments in the business: payments.

Payment has always been an integral part of a successful business, be it the local coffee shop or a continental air carrier. As more and more transactions move to mobile devices, so do payment systems. But is payment a process due for major upgrades? And which system(s) would be dominating the field?

Read More

Does The Rise of Fintech Reflect The Future of Banking?

Tags: , , Business, Cloud, Uncategorized
photo credit: Hamed Saber via photopin cc

photo credit: williamcho via photopin cc

We have previously blogged about the effect of disruptive technologies on the banking industry. As we speak there is an ongoing battle to determine the future of banking as an industry. Today’s news is densely populated with comments about company’s developing mobile payment solutions and alternative methods to borrowing money. Speculation has arisen as to how companies like the tech giant Alibaba might cooperate or even challenge financial institutions. FinTech startups are getting ever increasing funding and support in the UK. With the introduction of new technologies, it would appear as if the race to find the next financial success story has begun. However a question arises: does this highly competitive market reflect the future of banking? Read More

Implement a Robust Change Management Process

Tags: , , Advice, Assess, Business Process Management
photo credit: Hamed Saber via photopin cc

photo credit: red11group via photopin cc

Change management is a loaded term. Too often, it’s viewed as interchangeable with project management activities, such as training and communication. Sometimes it gets a somewhat superfluous reputation because it draws on the “people side of things” rather than more measurable and technical aspects of change. Other times, it gets confused with IT change management – or version control. Read More

When To Fix The Process, Not The Break

Tags: , , Advice, Business, Process Design, Strategy, Uncategorized
photo credit: Hamed Saber via photopin cc

photo credit: ralphbijker via photopin cc

There are many ways to deal with ineffective and inefficient process. You can create workarounds. You can bubble-wrap it with additional processes as a form of assurance. You can always do nothing, especially if you don’t care enough about the results at stake. And sometimes – if you are serious about long-term value of the process – you can fix the root cause itself.

cibsys has recently conducted a process efficiency review for one of our clients. Within that assessment, weidentifiedactivities in the operational process that were a form of assurance rather than value-adding activities. Effort-intensive manual intervention was used to assure that system errors were caught before appearing to customers. Such manual intervention, of course, did not address the root cause of the problem. Neither did it guarantee timely and appropriate fixes. Read More

Is Your Process Chain Joined Up? Can You Deliver What You Sell?

Tags: , , , , Advice, Business, Organization, Process Design, Strategy
photo credit: Hamed Saber via photopin cc

photo credit: ralphbijker via photopin cc

In two completely different clients in two completely different sectors our consultants have seen on recent projects the same challenges.  Both clients were actively seeking to improve both their offering to clients and the efficiency of the processing that supports them after the sale or contract.  We saw the same issues despite very different products and very different business models and this lead us to think that this must be a common problem within many industries and businesses. Read More

Paradigm Shifters – Hire a Junior to Lead Your Company?

Tags: , , , , , Advice, Strategy
photo credit: Hamed Saber via photopin cc

photo credit: Hamed Saber via photopin cc

First of all, there will always be a paradigm. There might be a state where conflicting paradigms are competing for supremacy but a time without paradigms is not possible.

Having recognised how your own expectations and therefore paradigms influence your beliefs about the world, you can use this ability to advance.

Assuming you have discovered the state of severe discomfort where your old paradigm does not fit anymore, what kind of leader or in general human resources are necessary to complete the paradigm shift? For instance, why do the big strategy consultancies employ often people with backgrounds that often seem counter-intuitive to the business that are in? Read More

Do Our Expectations Cloud Our World?

Tags: , Advice, Assess, Assure, Strategy
photo credit: One Way Stock via photopin cc

photo credit: One Way Stock via photopin cc

In strategic decision making, we have certain expectations about the world and how it behaves. In order to find your blue ocean, you are on the lookout for distinguishing elements.

The aim is to make competition irrelevant by carving out for yourself a hopefully close to inimitable competitive advantage. These processes are often similar to paradigm shifts in sciences. These shift describe the advancement from one paradigm, e.g the sun circulates the earth, to another, e.g. the earth circulates the sun.

Read More

Embed the Document Lifecycle Approach into Your Organisation

Tags: , , , , Advance, Advice, Assess, Assure, Business Process Documentation, Process Design
photo credit: storebukkebruse via photopin cc

photo credit: storebukkebruse via photopin cc

No matter how clean and accessible your business documentation is, it is dead weight if it’s out of date. And this is the sad reality in many organisations today. Your business is growing, optimising, and doing things differently every day. Document maintenance becomes a nightmare. Read More

Game of CIOs – Thou shall plan carefully or lose thy head!

Tags: , , , Advice, Assess, CIO, Strategy4IT
photo credit: Nomadic Lass via photopin cc

photo credit: Nomadic Lass via photopin cc

As you might have noticed, the first episode of Game of Throne’s new season was released by HBO. You have probably been as excited as million of other fans and have eagerly awaited the start.

HBO was probably excited as well but ruined the fun for some of its users. HBO GO, the streaming platform, crashed during the release and none of its users where able to watch their long anticipated show. Read More