5 Advantages of ServiceNow Digital Transformation in Banking in 2023!

 

Digitalization is the requirement of 2023 as everyone across the globe wants ease

and convenience with all tasks. And ServiceNow digital transformation is the best solution for it. 

You can manage your entire organization from top to bottom with just one platform, regardless of

the industry and company size. ServiceNow has a lot of solutions, and implementing them can ease

all the tracking, management, and other required work. Even the banking sector can get countless benefits

with ServiceNow digital transformation. Do you want to know them?

Here is a comprehensive list of advantages you can get by implementing ServiceNow. 

1.Enhanced Customers Experience with Fast-Paced Online Banking Solutions!

With an online banking solution, your audience will be able to connect, manage, and make all the transactions

with a perfect and fast-paced platformer. No more old, slow, and cumbersome traditional banking processes!

You can even get the ServiceNow CSM to detect repeatable problems, examine the patterns, and automate

customer and financial service. Hence, you can create a completely unique and specialized experience with

chatbots, mobile apps, voice assistants, portals, and so on. Your customers can get the simplified and individualized

finance service management process. 

2.A More Efficient, Straightforward, & Faster Banking Process!

ServiceNow Digitalization can be helpful in making a quick, efficient, and straightforward experience for your

customers. They can get countless features as follows: 

• Customers can get an easy process for deposit and transfer with a mobile responsive app and software. 

• There is no need to take out physical prints of any document as they can use the electronic signature. 

• Clients do not have to visit the loan office often. They can simply apply online and get easy approvals. 

• Even everyone can pay all their bills on time and online with the automation process. 

3.Get a Governance, Risk, & Compliance (GRC) Management Process!

ServiceNow GRC is a versatile and interconnected framework that helps financial organizations manage regulatory obligations & upgrade their governance, risk, and compliance management systems. 5 Reasons the banking sector can choose ServiceNow GRC are the Selection of appropriate assets, Management of policies, Identification of risks, Development of controls, and Performance of audits. 

You can get a lot of ease with ServiceNow GRC, Such as: 

• More effective and well-organized compliance experts

• Instant detailed views on risk and compliance activities

• Speed up and make improved strategic decisions

4.Possesses a Full-Proof Security Stack and End-to-End Encryption!

The banking sector needs end-to-end security for its complete system. That’s why ServiceNow SecOps minimizes the risk and allows you to immediately identify, prioritize, and respond to dangers. It has an in-built, bulletproof security heap and high-grade encryption. Hence, you can anticipate and prepare for potential threats in advance with the help of AI technology that helps detect risks early and patch vulnerabilities rapidly. 

5.Makes More Data-driven Decisions to Best Meets Customer Needs!

ServiceNow will provide you with accurate real-time data. It can be helpful in understanding what your

clients really want so that you can decide what exactly can fulfill their needs. So, you can use all these

performance analytics in planning, assessing, reviewing, and modifying KPIs to re-strategize your efforts

with ServiceNow to fulfill the objectives.

So, these are the various benefits you can get if banking takes ServiceNow digital transformation.

They can make it easy for the staff and customers to track, manage and even handle different department

silos. This way, you can create a better experience not only for your customers but also for your employees. 

What are you waiting for? Reach Aelum consulting today and get the best service delivery!

For More Details And Blogs : Aelum Consulting Blogs
For ServiceNow Implementations and ServiceNow Consulting 
Visit our website: https://aelumconsulting.com/servicenow/

How Do I Get Started with Software Asset Management?

 

Businesses can achieve a lot with the right technology implementation. Hence, you need ServiceNow SAM to streamline operations successfully. It can help you monitor an asset’s health and location and create an immersive experience from start to end. 

You will be able to maximize the life of assets through enriched asset utilization, preventive maintenance, and deter theft. Also, you can enhance your business productivity by tracking construction equipment, a fleet of ships, or raw materials on a factory floor. 

Are you curious how you can get started with ServiceNow Software Asset management?

 
So, without any further ado, let’s learn the entire process to get started with SAM. 

5 Steps to Get Started with Software Asset Management for Your Business!

The biggest question is how to get started with  ServiceNow ITAM or SAM. How to take in use for better operation streamlining and enhancing customer experience? So, here is a 5-step process from start to end in order to get started with SAM without hassle. 

1. Learn and know more about SAM

• You will be able to track the whole business via your software. It will help you understand all the IT expenses and applications flying under the radar. 

• It will provide you with a clear visibility towards the software stack, spends, and entitlements. 

• You will get detailed data analytics and usage information for your complete business. It will be helpful in optimizing software spending and investing appropriately in beneficial and required applications.

• It will provide the ability to share ideas across IT and operationalize software data. You will be able to consume them from peers in APM, ITSM, Procurement, SecOps, and HR.

2. Determine Your Business Goals

• You can start by sketching the complete roadmap for your ServiceNow ITAM implementation and work towards it. 

• It can be helpful in managing license compliance, tracking your software usage, and getting complete knowledge of the software needs. 

• You have to keep the inventories up to date in order to stay ready for a smooth and less time-consuming audit process. 

• It can help you move away or reduce your on-premise software for a seamless transition to the cloud. 

• You have to look for under or over-licensing in order to relocate them. It will help you fulfill your needs, save more money, and reduce audit risk.

• It can help you onboard and offboard employees quickly and efficiently during a merger or acquisition. 

• You can help power the software data to support other IT and business-related initiatives and goals.

3. Establish SAM Outcomes

Start by listing the business objectives for which you have been searching for this software. Also, ensure you get favorable outcomes within a reasonable time frame. You can include all the factors, such as:

• Easy to build and maintain software inventory of used and discovered applications.

• Control over the true-up costs

• Blends the redundant software or overlapping services

• Sustains automated processes and workflows

4. Regularly Revisit and Adjust Your SAM Goals

In the end, you have to revisit your business objectives for all the departments. You have to readjust your SAM goals every time your business needs change at every level of business. It can help you sustain visibility into your overall SAM strategy to be accountable for the goals you have set for yourself.

Conclusion

So, this is a complete process that can help you get started with your software asset management with ServiceNow. You can achieve great success by leveraging SAM in your business. It is a perfect solution for data management, streamlining operations, and many more. If you have any questions or need help with anything, contact Aelum consulting for the best service delivery. 

For More Details And Blogs : Aelum Consulting Blogs
For ServiceNow Implementations and ServiceNow Consulting 
Visit our website: https://aelumconsulting.com/servicenow/