Case Studies

Our customer experience is proven through our track record and long term clients

Our mission is to help our partners push beyond average performance. As process architects we are continually exposed to the “pain” that executives – and by consequence – their customers feel.

Data Mining Uncovers Keys to Retention, Doubling Customer Life
Cycle

Sometimes the answers to your most critical challenges are right at your fingertips. The key to solving those challenges lies in asking the right questions and then utilizing already-existing data to formulate solutions. ProcessArc, a consulting firm specializing in client experience and business transformation, assisted a client who believed they had an Issue with customer retention.


Lean Six Sigma Increases Efficiency for Financial Services Firm

A fund services organization invested in extensive technology upgrades to boost efficiency and process control with the overarching goals of improving quality and client experience. After the technology updates were fully implemented, metrics showed the organization was achieving timeliness and accuracy goals more than 99 percent of the time, but two key questions remained unanswered, “Are we effective at what we are doing,” e.g., What was the cost to the business in attaining 99-percent accuracy and timeliness? and “Do we know our operational risk points?”


Operational Efficiency: Process Improvement Opportunities for Credit Unions

In 2009, Filene hosted a series of roundtable discussions for credit unions with McKinsey & Company consultants around the country. One of the key takeaways from those meetings came in a comparison between the efficiency ratios [noninterest expense / (net interest income + noninterest income)] of credit unions and banks with between $500 million and $17 billion in assets.


Simplify and Unleash: One Bank’s Strategy for Growth Through Lean Six Sigma

In 2007, the CEO of a large national retail bank shrewdly detected trends that led him to believe the recent growth in the mortgage industry was unsustainable. The CEO realized the importance of strategically focusing on the retail division to make it lean and subsequently better position his organization to weather the coming storm in the mortgage industry.


Fitting a Square Peg in a Round Hole Why Manufacturing Through Lean Six Sigma Will NOT Work in a Transaction-Based Financial Services Environment

In the late 1970s, most companies that signed on to Quality initiatives did so with their backs up against a wall. The leading U.S. based manufacturers were losing market share…


Improved Response Time Increases Revenue for Global Lender

One global lender, in partnership with ProcessArc, a consulting firm specializing in Lean Six Sigma for financial services, discovered that it was losing 40% of its applications at various process stages. Six Sigma helped reveal that slow response time was the key driver for the loss…


Lean Six Sigma for Financial Transactions Operational Cost Reduction in the Millions — Back-Office Transactions

The financial services industry is faced with growing pressures. Differentiation is eroding as industry products and services become more of a commodity. Financial and regulatory constraints are growing…


Lean Six Sigma for Financial Transactions $4.5MM Operational Risk Reduction — Wire Transfers

A medium size bank in the midst of a rapid growth cycle had one central concern: the scalability of their business processes. Management wanted to ensure that the bank possessed the required…