INFORME. Business Process Management Can Solve Compliance Issues and Reduce Costs 30%-50%
McLean, Va., January 13, 2005—BearingPoint, Inc. (NYSE:BE), one of the world’s largest business consulting and systems integration firms, today issued a white paper, «Business Process Management in the Capital Markets,» which details the way financial services organizations can improve profit margins and reduce cost by digitizing content. The paper covers a fundamental issue: while some firms report improving revenues, profit margins are still under pressure as companies struggle with supply chain issues for their «plain vanilla» or commoditized products as they try to comply with new regulations. Companies are therefore choosing business process management (BPM) to reduce costs and improve controls. A copy of the paper can be found at www.bearingpoint.com/digital_bpm. «If properly designed and deployed, BPM initiatives can reduce process time and related expenses dramatically while supporting compliance with the myriad of laws and regulations that govern capital markets,» said Peter Horowitz, a managing director with BearingPoint. «In some cases, companies report that they have experienced day-to-day operational cost savings of between thirty and fifty percent. BPM also enables organizations to leverage their existing infrastructure to provide more integrated cross products or cross silo integration without having to rewrite legacy plans.» About BearingPoint, Inc. BearingPoint, Inc. (NYSE:BE) is one of the world’s largest business consulting, systems integration and managed services firms serving Global 2000 companies, medium-sized businesses, government agencies and other organizations. We provide business and technology strategy, systems design, architecture, applications implementation, network infrastructure, systems integration and managed services. Our service offerings are designed to help our clients generate revenue, reduce costs and access the information necessary to operate their business on a timely basis. Based in McLean, Va., BearingPoint has been named by Fortune as one of America’s Most Admired Companies in the computer and data services sector. For more information, visit the Company’s website at www.BearingPoint.com.