_banking_&_insurance

Efficient digitization for faster and error-free factoring applications

The Challenge

We were commissioned by our client in the financial sector to optimize and digitize a previously manual process for creating factoring applications. The aim of the project was to map the business process, user tasks, and workflow using wireflows and interactive prototypes as part of UX prototyping.

Our solution

In order to make the application process more efficient and easier for the rapidly growing customer base, the previously manual application process was to be completely digitized. An automated and clear user guide for complex application creation was developed: now, input-dependent processing and compact information have replaced manual document templates. This has significantly reduced the amount of processing and maintenance required. By conducting a UX vision workshop to examine user behavior and specify the tasks and goals involved in creating a factoring application, we were able to meet the customer's requirements within the specified project timeframe.

The result

During implementation, Hyand had to combine the needs of the various user groups into one product in a meaningful way. A central application for managing and tracking applications was the solution: a number of simple user tasks in the application process were completely automated. Using agile methods, the application process was visualized, tested using prototypes, coordinated with the stakeholders and ultimately optimized. The final IT solution makes day-to-day work with applications much easier for users. Applicants are guided quickly and purposefully through the application process.

The most important facts in brief

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