Six Sigma for Banks

Shahbaz Shahbazi News

ProcessArc helps clients establish robust┬áprocesses for excellent service BY BILL COONS ProcessArc wants to establish a reputation for expertise in bringing the principles of Six Sigma to the financial sector. “Banks can find significant returns on their investment into Six Sigma,” said Sheila Shaffie, one of the Milwaukee company’s principal partners. “We guarantee at least a 200 percent return for …

By streamlining businesses, a consulting firm takes wing

Shahbaz Shahbazi News

Six Sigma Photo/Michael Sears Shahbaz Shahbazi and Sheila Shaffie are applying Six Sigma techniques learned at General Electric Co. to help small and midsize financial services firms operate more efficiently. They launched their consulting firm, ProcessArc, in March 2004. ProcessArc’s Process Here’s an example of how ProcessArc says it applied Six Sigma’s five steps to help a financial company achieve …

Factory ‘Black Belt’ for Financial Firms

Shahbaz Shahbazi News

Process Ark applies quality standards to financial processing BY MICHAEL MUCKIAN After Sheila Shaffie attained her “black belt” in quality control processes for manufacturing, she learned that those skills could transfer to the financial services industry. The realization came in 2001 when a recruiter from Bank of America Corp. wanted to hire Shaffie. Shaffie remained at GE Medical Systems, Waukesha, …

ProcessArc applies Six Sigma strategies to other industries

Shahbaz Shahbazi News

BY ELIZABETH GELDERMANN The team members at ProcessArc, a newly launched Milwaukee consulting firm, know quality because they are experts in it. Co-founders Sheila Shaffie and Shahbaz Shahbazi have been trained in quality tools and methodologies for business and product development for a combined total of 15 years. As past employees of General Electric Co., they have embarked on a …

Proposals increase to MU-based equity group

Shahbaz Shahbazi News

The Golden Angels Network, a consortium of alumni and friends of Marquette University who invest in early-stage enterprises, is seeing an increase in the number of local firms seeking venture capital funding.