How Can the Finance Industry Benefit from an In-Building Logistics Platform?
Every industry is plagued with specific challenges related to internal efficiency and strategic success. While you may not have thought about a facilities management platform for your financial business, modern software can provide a slew of benefits. From space optimization to asset management, those in the financial industry can see an optimized office and improved customer relationships in no time. Today, our enterprise operations software experts at SCLogic discuss the benefits of facilities workflow platforms for the financial industry, technology trends for this field, and how you can ensure that your team is set up for future success through the utilization of our comprehensive software platform, Intra.
The Future of Banking Requires Innovative Technology
Did you know that prior to the pandemic, although there were a variety of options for customers to use online banking options, 80% of them still chose to visit a physical branch? As the pandemic grew, the shift from physical to virtual banking opportunities rose, and this is a change that is here to stay post-pandemic as well. This year, 65% of Americans are expected to be using digital banking in some capacity, meaning that the digitalization of banks is vital to success, both on the consumer side and internal facilities management. Consider this: corporate offices remain vacant, and data centers and local branches face increased cybersecurity risks daily. If your team does not have a comprehensive and secure logistics solution in place, the negative effects can drastically impact the success of your branch, and in severe cases, can lead to non-compliance penalties or legal action. For the financial industry, technology shouldn’t just be a perk. It should be an integral part of your team’s daily workflows, and investing in a single comprehensive solution such as Intra can skyrocket your organization to success.
Corporate Branches Can Minimize Cost & Improve Sustainability Efforts
For corporate and large-scale finance facilities, in-office workflows can be streamlined, and sustainability efforts can significantly improve by implementing facilities management software such as Intra. Our Workplace Services Workgroup is a fantastic option for large offices looking to adapt to the increasing hybrid workforce while still ensuring efficiency. Our Workspace Reservation Workflow helps with hot-desking efforts to promote collaboration and offer employees the opportunity to work across the facility as their schedule changes. Additionally, our Workplace Requests and Facility & Equipment Audit Workflows provide an opportunity for employees to efficiently request maintenance or other in-office needs while managers work proactively to keep your facility in the top-notch condition through configurable audits. This is especially important for corporate branches that may be merged with data centers, as a security breach or downfall in this area could cause significant damage.
These workflows, along with many others offered through Intra, helps to minimize costs significantly and improve sustainability efforts for your business. If you are using multiple point solutions, the cost to keep your facility running smoothly would likely outweigh that of one comprehensive platform like Intra. Furthermore, the ability to conduct proactive maintenance and audits reduces the need for reactive and unpredicted spending throughout the year. As it relates to sustainability, office managers can also identify what areas are uninhabited or at reduced capacity on a certain schedule so that your facility can cut electricity, heating, and cooling costs.
In-Building Logistics Software Improves Security Drastically
If there is one area that should be at the forefront of your facilities strategy for 2022, it should be cybersecurity. For certain industries, including finance, the need for sealed-tight data security measures is non-negotiable. Unfortunately, as technology grows, hackers do too. Data breaches become more frequent, and the likelihood of leaked personal consumer data becomes a concern. According to an Accenture study, in the next five years, banks stand to lose $347 billion, insurers $305 billion, and capital markets $47 billion to cybersecurity breaches and ransomware attacks. By automating your daily workflows through a secure solution like Intra, you minimize the opportunities criminals have to enter your digital space. In addition to a secure platform, we also offer various integrations to improve security, such as single sign-on (SSO). Seeing as 95% of cybersecurity breaches are caused by human error, and 60% of companies currently have over 500 accounts with non-expiring passwords, investing in modern cybersecurity integrations can prevent a potentially catastrophic event from a minor human error.
Asset Management Streamlines the Digital Banking Gap
Just as office managers focus on the movement of people and maintenance throughout a facility, asset managers are focused on the items and technology critical to daily success in your industry. The rise in online banking has been a lifesaver for financial institutions as the pandemic continues but has not come without its challenges. While focusing on tech trends for 2022, traditional banks will still have to maintain the use of physical resources such as ATMs. By using our Asset Logistics Workgroup, you can manage all chosen assets within your facility and report on metrics such as asset lifecycle status, missed asset inspections, mean time to repair, and mean time between failures. As a result, proactive maintenance becomes the norm, and your team can handle problems before they arise with ease. Additionally, with the increase of technology for virtual banking options, you can monitor the health of assets such as computers, video, and audio recorders, and other devices used within your department to bridge the gap between traditional and virtual banking.
Invest in SCLogic With Extensive In-Building Logistics Software, Intra
If you are thinking about modernizing your facility for the coming year, now is the time to do so. We know that it can be challenging to know where to start, and you may be wondering if the investment is worth it. While the upfront costs of implementing a new operations solution can seem intense, the long-term benefits greatly outweigh this small challenge. The benefits discussed today just scratch the surface of what you can accomplish with a modern in-building logistics solution such as Intra. When you work with our team, we make it our mission to create a completely configurable solution that solves your team’s most pressing daily pain points. From lowered costs and improved sustainability efforts to cybersecurity and asset management organization, the benefits of Intra are endless. To learn more about how Intra has served the finance industry for the past 25 years, and to see how we can assist you, contact our team at [email protected] or schedule a demo today.