|Client Name:||Bank Dhofar|
|Project:||Workflow Management & Process Optimization|
|Industry:||Banking & Finance|
As Oman's second-largest bank (by market value), Bank Dhofar has earned the reputation of a financial institution with a strong commitment to consistency and growth. In addition to the conventional banking products and services the Bank offers several electronic banking services, such as, Internet banking, phone banking, SMS (short message service) banking, cash deposit and payment machines. It also provides Islamic banking services. With assets worth over RO 4.21 billion, Bank Dhofar is one of the fastest growing Banks in the Sultanate of Oman, with a strong presence in Corporate Banking, Consumer Banking, Treasury and Project Finance. The branch network has reached 71 with an extensive ATM network spanning the country.
The project was undertaken on behalf of Bank Dhofar, one of the most prominent investment management firms in Oman. The organization had initially implemented SharePoint default workflow for its high priority approvals that had to be performed instantaneously. However, this lead to several issues for the enterprise including; Process flows were getting slower resulting in high downtimes to approve these requests, delays in the completion of tasks due to slow down in workflows and they were reacting abnormally with some work not passing on to the next station. Moreover, they are also facing lack of tracking which prevent the IT personnel from identifying the causes for the breakdown in the completion of work flow processes. Employees at Bank Dhofar could not able approve requests through their emails unless they were connected to the organization’s network and no approval over the email was possible leading to increased lead times. Manual emails needed to written once a particular request was approved was also a reason which slowing down the process.
KalSoft proposed the implementation of Nintex to automate and address this problem. Successful implementation of Nintex technology significantly improved the overall workflow of the high priority approvals, simplifies workflows, reduced downtime, automate processes and decreased errors. By this solution, the following results were achieved:
Successful implementation of Nintex technology significantly improved the overall workflow of the high priority approvals, reduced downtime and decreased errors. This lead to higher efficiency and increased customer satisfaction with high priority approvals made in a timely manner.
As of today, no problems in the process have been detected, with an overall smooth and error free workflow process implemented across the organization. Some of the other quantifiable benefits of improved work process to Bank Dhofar included: