The financial industry today is largely dependent on manual processes, which slow down the process, causing execution time to increase and inefficiencies to occur. Manual processes, outdated systems, and evolving regulatory burdens can obstruct your organization’s efficiency and profitability. To thrive in this competitive landscape, financial institutions need a modern solution that automates tasks, streamlines workflows, and delivers real-time insights – all within a single, integrated platform.
Challenges Holding Your Business Back:
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Manual Processes: Your team performs repetitive tasks like invoice processing and vendor approvals manually, which can lead to delays and errors.
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Regulatory and Compliance Rules: Every-changing regulatory requirements demands constant updation and audit-ready processes.
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Back Office Inefficiencies: Segregated systems and data interfere with team collaboration and swift decision-making.
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Multiple Outdated Legacy Systems: Legacy systems are expensive to maintain and need more flexibility for modern financial management.
With 24+ years of expertise, Suma Soft is a leading ServiceNow partner with expertise in all domains, certified professionals, and multiple successful projects delivered. Our ServiceNow financial management assists financial institutions in optimizing their operations and finances by connecting people, processes, and products. Our services provide structured workflows, asset management, and IT-related cost and budget management processes. Our ServiceNow services empower organizations to:
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Automate Manual Processes: Automate tasks like approvals, reconciliations, and reporting, freeing up your team's time for core activities.
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Streamline Workflows: Streamlined workflows that connect financial functions with other departments, building and promoting collaboration and transparency.
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Real-Time Insights: Access to actionable insights on financial performance, promoting data-driven decisions and improved future forecasting.
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Consolidated Systems: Consolidate financial data by integrating ServiceNow with existing ERP, CRM, and other applications.
Leveraging a team of certified ServiceNow professionals with in-depth knowledge of the Finance Management module and advanced AI/ML technology, our Financial Management ServiceNow customizes ServiceNow to your specific needs and delivers real value to achieve:
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60% Reduction in time for new vendor approvals
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70% Reduction in time spent on purchase orders
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5X Reduction in manual tasks to confirm requests and services
Our ServiceNow Financial Management helps financial services institutions reduce costs through automation, improve quality of service and customer satisfaction, eliminate risk across workflows, and streamline operations through visibility and control over underlying assets.
Banking
Our Financial Management ServiceNow streamlines loan origination, automates account management, and enhances customer service.
Insurance
Reduce claims processing times, improve risk management, and streamline policy administration with a ServiceNow solution.
Wealth & Asset Management
Deliver exceptional client experiences, enhance portfolio management, and ensure regulatory compliance with ServiceNow.
Our ServiceNow solutions assists financial services institutions in reducing costs through automation, improving quality of service and customer satisfaction, inculcating risk and compliance controls across workflows, and driving consistency in operations. Leverage Suma Soft’s comprehensive suite of ServiceNow Financial Management services designed to address your specific needs:
Treasury Operations
Automated cash management processes improve financial visibility and optimize cash flow with our Financial Management ServiceNow. With real-time insights into cash positions, organizations can make informed decisions about liquidity and investments.
Deposit and Payment Operations
Streamline deposit and payment workflows for greater efficiency and control. Automate tasks like check printing, wire transfers, and ACH processing while ensuring accuracy and reducing human error.
Compliant Management
Maintain regulatory compliance with robust controls and audit trails. Our Financial Management Services ensures that organizations have the documentation and processes to comply with all relevant regulations and simplifies compliance audits.
Anti-Fraud Intelligent Services
Leverage AI-powered tools to detect and prevent fraudulent activities. ServiceNow's advanced analytics can identify suspicious patterns and protect organizations from financial losses.
ServiceNow empowers businesses in the finance industry to maintain end-to-end communication, respond to issues and requests swiftly, and manage customer relations with efficiency and transparency. Here are some of the benefits:
Automating Manual Operations
Free your team from tedious and time-consuming tasks and focus on strategic initiatives.
Integrate Data Between Systems
ServiceNow Finance Management Services consolidates entire data and helps businesses gain a holistic view of their financial performance.
Reduce Human Error
Minimize errors and improve data accuracy by automating manual tasks that are error-prone and time-consuming.
Real-Time Insights
Gain real-time access to critical financial data, empowering businesses to make data-driven decisions and optimize performance.
At Suma Soft, we understand that every business is unique and offer a customized blend of technical expertise, industry knowledge, and a customer-centric approach for every project. Leverage our Financial Management ServiceNow Services to build custom applications to boost your firm’s operations and productivity. Here's why we're the ideal partner for your ServiceNow Financial Management implementation:
Risk Mitigation
Reduce risk exposure through automated controls and integrated governance processes.
Comply with GDPR
Ensure compliance with data privacy regulations like GDPR with robust security features.
Customer Satisfaction
Our ServiceNow Services deliver better payment experiences and faster processing times, enhancing customer satisfaction.
Scalability
Our ServiceNow Financial Management easily scales with the organization’s ServiceNow platform to accommodate their growing business needs.
Easy Integration
Gain seamless integration of the ServiceNow platform with your existing applications and data sources for a unified financial management ecosystem.
Investing in ServiceNow Financial Management is an investment in your organization's future. While implementation has initial costs, long-term benefits significantly outweigh the upfront expenses.
Key ROI Drivers:
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Improved Efficiency: Streamlined workflows and automated tasks increase productivity and reduce operational costs.
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Enhanced Decision-Making: Data-driven insights enable informed decision-making and strategic planning.
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Reduced Risk: Mitigated risk exposure through automated controls and compliance adherence.
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Enhanced Customer Experience: Improved customer satisfaction through faster response times and streamlined processes.
At Suma Soft, we ensure your Financial Management ServiceNow platform remains relevant and adaptable to future challenges. We leverage emerging technologies and industry best practices to keep your platform up-to-date and optimized.
By partnering with Suma Soft, you can transform your finance function, streamline operations, and drive business growth. Our ServiceNow Financial Management solutions empower you to make informed decisions, reduce costs, and improve compliance.
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