In our final part of this focus on Lean, we examine Lean Daily Management which has been described as the industrialisation of back office work, bringing approaches that are more usual in a factory to administrative tasks.
The principles and techniques that are described by Lean process improvement are undoubtedly powerful. The challenge lies in designing an implementation programme that will engage colleagues and deliver lasting benefits.
In this first of three articles, Jill looks at introducing Lean using a Lean Six Sigma project.
In the eighties and nineties a phrase was coined that summed up inertia in organizations attempting to design and implement business change. The phrase was ‘analysis paralysis’ and it came about following attempts to introduce standard methods and processes for designing systems.
Cloud computing is coming of age – it won’t be long before we’ll all be thinking how crazy it was to own and manage our own hardware platforms. Cloud computing plays to our ‘I want it now’ culture and provides us all with the flexibility to get the computing grunt we need when we need it.
There is no doubt that Solvency II is making a huge impact on the Insurance Market in terms of demand for specialist resources, system and data improvements and changes to capital requirements but just how well are the preparations for compliance progressing?
Sharepoint is steadily becoming the defacto standard collaboration tool in most organisations. And why not? It's a toolset targeted at collaboration and has many features designed to make the storage, management and access of all types of information easy. The base platform is even given away free by Microsoft if you are already using Exchange mail.
Wisereach assisted a leading City corporation on a strategic governance initiative to identify changes required to meet future regulatory compliance. Utilising a structured approach and our in-depth industry knowledge we worked together with the client's own subject matter experts to identify and recommend a number of performance, compliance and knowledge management improvements to meet the requirements with minimal impact to their existing methodology.
The advantage of adopting Acord message standards is the potential to develop STP (straight through processing) with business partners from around the world. STP reduces the amount of manual checking and reconciliation that is required and will eliminate the need for rekeying and the errors that this brings. But is now the time to upgrade? We think it is.
Have you decided to go for an integrated IT solution to meet all of your needs, or are you picking and choosing the best the market can offer for each of your business areas? Both can provide great benefits - but there are many pitfalls to avoid whichever route you go.