New BPM solution targets financial industry
Dallas-based Fuego Inc. (http://www.fuego.com), a developer of business
process management software, last week unveiled Fuego for Banking, the first in
a planned series of industry-specific business process management solutions.
This version, targeted to the needs of people in banking and financial
services, includes pre-configured templates and technology adapters that allow
users to connect rapidly to whatever underlying systems they already have in
''The templates,'' explained Rachael Hawkins, senior product manager, ''focus on
banks and bankers to get their processes in line and find bottlenecks.''
''You shouldn't rip and replace the applications you already have,'' added
Gordon Sellers, VP of marketing. ''We create a supervisory process application
that fits on top of the infrastructure you've already invested in. You still use
the applications you have, but Fuego controls or orchestrates how they are
utilized across the whole process of a loan application, for example.''
Although there have been other attempts to solve integration problems between
different applications, they tend to focus on the data level, transforming data
back and forth. Fuego took a different approach and noticed three or four things
people were trying to glue together themselves that failed to increase their
business performance from when they started. Keeping that in mind, the company
set out to create a business process management solution that allows
organizations to come up with the processes they want, layer in business
processes and reuse everything they have already invested in.
Fuego intends to release versions for the healthcare, insurance and
telecommunications markets in the near future.
Lana Gates is a freelance writer based in Mesa, Arizona. She can be reached via e-mail at email@example.com.