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Reducing account opening time to 5 days for 33 treasury management products

The Client

Top 20 U.S. Commercial Bank

Challenge

  • 33 Products managed: Long learning curve of staff due to multiple processes/ products
  • Frequent changes in applications and procedures

Solution

  • Systematic training based on product “clusters”
  • Experienced staffing with domain knowledge
  • Effective change management procedures

Execution

  • Frequent training and audits to comply with product and application usage
  • Enhanced co-ordination between client and Coforge teams

Value Delivered

  • Reduced time for new customer to operate account from 7 days to 5 days
  • Average 3 types of products managed by each cross-trained FTE
  • Expedited processing due to time zone difference
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