Traditionally, financial services organizations like banks, credit unions, and insurance companies have had limited options when it came to managing critical operational and data processing tasks. Most file transfers were handled via overnight, batch processing jobs. While designed to handle very large sets of data, these jobs typically took hours to run and could be derailed by system outages, manual errors, and miscommunication with vendors. This would often result in wasted time, business interruptions, and a poor customer experience.
Fortunately, workload automation and orchestration (WLA&O) can have a powerful, positive effect on an institution’s operations, solving for these daunting pain points in several ways. Automation allows banks, credit unions, and insurance companies to streamline or eliminate manual tasks, seamlessly orchestrate workloads without adding resources, and give time back to staff and management to focus on strategic growth initiatives.