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Supporting Services
Manufacturers and lenders are looking for ways to increase efficiency and reduce risk and expense.
New technology and finance strategies are emerging to assist with the transformation of many of the traditional support services.
Business Areas Served:
- Risk
- Finance/treasury
- Vendor relationships/partnerships
- Other avenues of revenue
- Legal
- Information technology
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Solution Examples
Some Supporting Services solutions include:
- Managed asset portfolio systems
- Data warehouses and data marts
- Digital dashboards
- Real-time vendor integration
- Online banking products
- Integrated back-end processing and supporting systems
Trends
Vendor partnerships, success in getting projects sponsored, and increased service offerings are a few of the trends in support services. Others include:
- A major focus on asset-backed securitization increasing profit and cash flow via the strategic management of assets.
- Intra- and inter-organizational data stores combine insight of multiple information sources to allow leaders to make real-time, better-educated decisions.
- Broadening service offerings by capitalizing upon current investments. Employing established infrastructure to add traditional and non-traditional offerings.
- Establishing banks to increase market, decrease legal issues, and add the ability to offer new products direct to consumers.
- Entering into partnerships to joint-market new products: credit cards, sub-prime lending, home equity loans, traditional checking and savings, reducing risk while increasing customer base.
- Increasing value to customer by broadening overall service offerings.
- Proactively addressing changes in regulations to minimize risk and anticipate business impacts. Forming organizational teams to regularly visit issues regarding privacy, lending rules, and dealership regulations.
How Emercent can help
Emercent has strong process expertise, business insight, and experience implementing these types of strategies and solutions. Additionally, through our Solution Framework, we can leverage our packaged intellectual capital and software components to deliver quicker, smarter and better.
View our case studies.
Contact us for more information.
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