The uptake and application of workflow management systems in the UK financial services sector

Workflow management systems (WFMSs) are an important new technology, which are likely to have a significant impact on the way in which clerical and administrative operations are organised and executed. This paper seeks to investigate how WFMSs are being exploited and utilised commercially by UK-based organisations operating in the financial services sector. In-depth interviews were conducted with fourteen project managers to explore the development, application and commercial implications of this powerful, yet flexible, technology. The results indicate that workflow technology has the potential to facilitate significant changes to the way in which an organisation conducts its business, through the automation of a wide range of document-intensive operations. Furthermore, when applied in a well-focussed manner it has the potential to realise significant increases in an organisation’s flexibility, and productivity, as well as delivering major improvements to the quality, speed and consistency of customer service

The cultural impact of workflow management systems in the financial services sector

The implementation of information systems is increasingly resulting in significant changes to the host organisation’s culture. In particular, the workflow management system (WFMS) is one new technology that, because of its tendency to have a direct impact on the organisation and execution of work, has the potential to significantly modify an organisation’s culture. This qualitative research investigates the nature of the relationship between WFMS and organisational culture, in the UK financial services sector The research concludes that WFMS have the potential to modify culture in a positive way by improving the organisations customer orientation, flexibility and quality focus