Liechtensteinische Landesbank chooses ARIS for standardizing Group-wide business processes
- The ARIS platform will help them implement process excellence
- Group-wide application of the new business process management solution was tested in an extensive pilot project
- Flexibility and expandability of the integrated ARIS platform were among the decisionmaking criteria for closing the deal
Liechtensteinische Landesbank AG has selected the ARIS product family from IDS Scheer, a Software AG Group company, for implementing its Business Process Management initiative. This initiative will enable the bank to standardize its business processes in a Groupwide business model.
Liechtenstein's longest established financial institution, Liechtensteinische Landesbank AG (LLB AG), launched its Business Process Management (BPM) project in March 2009. The primary objective: to develop a Groupwide integrated banking process model. In order to do this, a suitable BPM tool needed to be identified among other things. A data gathering and evaluation phase revealed that the integrated approach of IDS Scheer's ARIS platform can fully meet all of the LLB Group's current and future needs. Covering all the phases of the process lifecycle ensures that the LLB Group will have ongoing, robust support as it continues to develop its business processes. Overlapping processes can be identified and existing synergies fully exploited.
A number of different modules from the ARIS product family will be implemented, including ARIS Business Architect, ARIS Designer, ARIS Publisher and ARIS Server. This will give the bank the greatest flexibility in modeling and optimizing its business processes.
The new system will support the LLB Group in documenting and analyzing the processes. Key indicators can be imported from ARIS structures and other source systems, and evaluated in many ways. Risks are recorded and documented directly in the processes, ensuring that ARIS also meets the diverse requirements of internal and external auditing (FINMA/FMA requirements and recommendations for internal controlling systems). Training and support will be offered on location in Switzerland and Liechtenstein to guarantee ongoing performance improvement.
"We decided to choose the ARIS platform and accompanying consulting because we were convinced by the solution's flexibility and expandability," stated Armin Heidegger, head of the LLB Group's Business Process Management project. "The option of implementing further aspects such as processoriented risk and compliance management for automated monitoring of various internal and external auditing requirements with ARIS at a later date also played a role in our decision," noted Mr. Heidegger.
About Liechtensteinische Landesbank AG
Liechtensteinische Landesbank AG (LLB) is the longest established financial institution in the Principality of Liechtenstein. The Principality of Liechtenstein holds the majority of the company's share capital. The LLB's shares are listed on the SIX Swiss Exchange (symbol: LLB). The LLB Group offers its clients comprehensive wealth management services: as a universal bank, in private banking, asset management, fund services and trust services. With 1,024 employees, the LLB is represented in Liechtenstein, Switzerland, Austria, the United Arab Emirates (Abu Dhabi and Dubai), the Cayman Islands and Hong Kong. As of December 31, 2009, the LLB Group managed client assets totaling CHF 49.5 billion.
About IDS Scheer
IDS Scheer is part of the Software AG Group and a leading provider of Business Process Management (BPM) software, solutions and services for corporations and public organizations worldwide. With the ARIS Platform for Process Excellence, the company offers an integrated, comprehensive solution portfolio for the strategy, design, implementation and controlling of business processes, allowing companies to continuously improve their overall business performance. Utilizing the ARIS Value Engineering (AVE) approach, IDS Scheer consultants bridge the gap between corporate strategy, business processes, IT solutions and process controlling.
About Software AG
Press releases you might also be interested in
Weitere Informationen zum Thema "Software":
Per Kryptographie zu neuen Cloud Services
Die Kombination aus Cloud und Kryptographie ermöglicht komplett neue Anwendungen. Wie die aussehen könnten, verrät Henrich C. Pöhls von der Universität Passau im Vorfeld des Hosting & Service Provider Summits 2018 im Interview.Weiterlesen