What is RegTech? Everything You Should Know
As the financial services industry continues to face heightened regulatory demands and higher risk management expectations, RegTech (or Regulatory Technology) has become a vital part of its progress. By leveraging innovative technologies to address compliance issues,...
What Are the Steps of Process Improvement?
The ever-changing nature of today’s business environment forces organizations to continuously adapt and improve to maintain their competitive edge. Without the correct strategies in place, businesses are doomed to fail. Here’s where the concept of continuous business...
What Are Examples of Process Improvements?
Business processes include multiple steps that one can complete in multiple ways. Each company has its own best practices and procedures that contribute to completing a task, project, and, eventually, an entire workflow. However, as efficient as these processes are,...
Why Is Task Management So Important?
To meet the demands of today's competitive market, it is essential to have a task management system in place. A business can stay on top of deadlines, priorities, and progress by keeping track of and organizing tasks. Running a business at scale without a task...
What Is Task Management?
As your business grows, it’s natural for its workload to increase. That’s reflected in the number of activitiesyour teams are working on. However, with each project, workflow or process divided into multiple tasks, how do you make sure everything gets completed on...
Business Process Management: What Is It and How Can It Help Your Business?
Achieving maximum operational efficiency, efficacy and excellence is a top priority for most business leaders. That, however, requires harmony between all business processes, which many believe is unattainable. This simply isn't true. While challenging, achieving full...
What Is the Role of Operational Excellence?
Focusing on operational excellence can be revolutionary when applied in any industry, be it healthcare or manufacturing. It is no secret that achieving excellence in operations is a long-term strategy that may be challenging to achieve without clear goals. To keep...
Operational Excellence: Basic Elements and Examples
Operational excellence is a path that a company takes towards significant and high-impact improvement. Although it may seem difficult to work towards in many organizations, with the right set of tools, it is more than feasible than one might think. At the core,...
What Is Operational Excellence and How to Achieve It?
What does it mean to achieve excellence in business? The idea has been around for decades and some might attribute it to Dr. Joseph Juran who taught Japanese business leaders how to improve quality to expand their growth and revenue around the globe.. According to the...
What Is a Good Workflow Tool?
Every manager is expected to finish projects on time. Unfortunately, delays are often inevitable, and things get misplaced or forgotten. That’s why many companies use a project management plan where they detail every step to monitor and track. But even a plan like...