For wealth managers in particular, reducing the client’s onboarding time is imperative. It’s all about knowing your client ─ and having the right processes in place to master this.
To avoid missing corporate actions, you need the right processes in place. It's not about implementing a system, but reengineering the current process by rewriting the existing rules.
Data decisions shouldn’t be made in silos. Consistent data management processes that bring together data stewards and consumers are critical to getting your data right.
Compliance teams need to react quickly to keep pace with regulatory changes. Optimizing processes and tools leads to more agility and improves your firm's ability to deliver.
Cutter reviews existing business process documentation, including policies and procedures, roles and responsibilities, systems and data, management structure and policies, samples of materials, and description of the workflow processes.
We then interview project stakeholders to fill in any gaps.
We document your current state, highlighting gaps, pain points, risks, and areas that need improvement.
If applicable, you may complete a Cutter Benchmarking study to see how your business processes stack up against our Capability ModelTM and your peers.
We present a strawman for your future state process, including a RACI diagram with actionable recommendations on areas for improvement based on our assessment. And we hold workshops with your key stakeholders to iterate the business process redesign, all aimed at creating a bespoke solution.
We get down to details to roll out changes in your new environment and then test and prove the new process. We can help you plan for and manage the impact on your culture and people with change management and training.