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Financial process in the cloud.

Blog: Flokzu

Any pure financial process and any other administrative workflow of the finance area of any company have always been under the microscope for automation and improvement. In fact, they were among the first applications of workflow and BPM tools.

Lately, and with the advent of cloud technologies, automation, optimization and digital transformation of these processes have precipitated. This has been based on three main pillars:

Which financial process?

There is a financial process for every taste. But there is a common factor in those that have an administrative root: they can be automated and improved with Workflow and BPM technology.

In general, there are 3 main components in this type of processes:

Mixing these concepts, our imagination flies towards an endless number of useful processes and workflows…

Automation of any financial process or administrative process from any finance area, using Flokzu Cloud Workflow and BPM Suite.

Simply as an example of financial processes that we have seen substantially improved through their automation:

Administrative processes of the finance area

The finance area of any company (not only those of the financial sector), supports its operations with administrative processes. Many times, these processes are known as “workflows of the finance area”.

The spirit is identical to financial processes. A form with fields moves through the organization following a predefined workflow. As an example:

Low-code + cloud Workflow.

The wonderful thing about low-code and no-code Workflow technologies is that they enable business users (non-IT users) to digitally transform processes such as the ones presented in this post.

If we add the cloud, we have a powerful tool to put any financial process to work in terms that until a few years ago seemed impossible.

Shortening the time needed to automate a process has two advantages. First of all, it significantly reduces costs, given that the hours required are much less. Furthermore, it provides an unprecedented ability to react to changes (regulatory, legal, market).

These are the reasons that dozens of financial organizations have considered when they decide to opt for Flokzu to automate their processes. In fact, from banks to microcredit, large insurance companies and investment funds, have taken advantage of cloud workflow technology for their financial processes.

In addition, in all sectors of activity, there are workflows in the finance area that can be improved through automation. Moreover, efficiency and effectiveness are added to a noticeable improvement in the satisfaction of external and internal clients.

If you have doubts about what it would be like to use Flokzu in your company, we offer you a free trial of our Premium service and we will help you create your first workflows (in minutes, and without complex configurations).

Try Flokzu now

Click here for a demo. Certainly, in 30 minutes you will have your first financial process running.

The post Financial process in the cloud. appeared first on Flokzu | Cloud BPM & Cloud Workflow.

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