In a previous blog, we talked about how organizations are striving to transform the way they do their business digitally. For them to successfully change, they need systems that serve the different functions their businesses operate on.

In a previous blog, we talked about how organizations are striving to transform the way they do their business digitally. For them to successfully change, they need systems that serve the different functions their businesses operate on.

Handing the flag - Purpose of Hire

Setting up your performance management system is a complex process that requires a huge amount of time and effort, and the involvement of multiple functions to ensure that your system is comprehensive and covers all required aspects of performance, including financial, people and processes.

We saw in a previous blog post the power of Artificial intelligence in enhancing customer insights. Using these customer insights, AI can help in creating a faster and smoother on-boarding process by eliminating multiple steps required from both the customer and the bank. For example, chatbots can enhance the on-boarding experience when they take the role of help-desk or customer care agents.

During a meeting with one of our customers, where the account payable and procurement team were both present an issue arose. The account payable team was blaming the procurement team for delay in processing the supplier invoices they had received. A majority of the invoices they had received, they had done so by hand.

The capabilities and potential of Artificial Intelligence are huge. They are the most evident in the banking and finance field. The real benefit is in financial institutions’ ability to understand where and how it makes sense to apply these tools first, and where they can derive the greatest value in the fastest way. 

It’s here - the future of smart team collaboration. This news comes as no surprise, given that iDenedi app has been a product of Exceeders for the past few years. We kept it all to ourselves. Testing the value it can add to employee retention rates by encouraging participation and transparency as an integral part of any company’s culture. The time is now though, to share our success with others.

How do you think and not what you think.

Throughout our work with several organizations to help automating their strategy execution and performance management processes, we’ve encountered some common obstacles, which stood as rock-hard barriers, delaying, and sometimes preventing the start or progress of the execution process.