Technology Record - Issue 22: Autumn 2021

127 F I NANC I A L S E R V I C E S F E ATUR E “Businesses today recognise the need to automate payment processing in order to decrease accounts receivable collection time, accounts payable duration and overall costs. Processing a paper invoice has significant cost associated to it for businesses and banks. Nintex supports banks with two capabilities to save money and modernise operations. Defining the life cycle of the payment process is a critical first step to understand the current state and work towards a future state. Once defined, the automation capabilities of Nintex will enable banks to connect the process to payment systems. Banks today still have core systems that can be difficult for automation to integrate with, so Nintex has a combination of powerful and easy- to-use workflow and robotic process automation capabilities to address these needs. By combining process documentation with automation capabilities, the probability of profitability in banks is sure to increase.” Terry Simpson Senior Solutions Engineer at Nintex “Financial services organisations that move to cloud-based strategies experience better availability, flexibility and productivity. Furthermore, the cloud enhances security and compliance, two critical components for any financial services business. One of our global financial services customers recently engaged Logicalis Ireland to implement a cloud-first strategy to support evolving business and customer requirements and combat increasing cybersecurity threats. We decided on Microsoft Azure with Check Point, core technology that forms part of LogiGuard as the accompanying security solution. Through Azure and LogiGuard the company has 24/7 security and cloud managed services for advice, risk prevention, support and maintenance. With the new environment, the company can broaden services and better meet the requirements of the team through enhanced availability and accessibility. Previously, the team faced obstacles when managing and relying upon the old physical IT environment. Now they enjoy more flexibility and amplified productivity as the cloud system is more efficient, secure and compliant.” Mick McNeil Vice President of Business Development at Logicalis