Blockchain Gap: Liquidity Management, the Core of Banking

Banking at its core is the process of matching illiquid loans against liquid deposits. Blockchain is very focused on tracking individual items, perhaps loans for example; probably less on tracking individual deposits. Yet this process of matching illiquid loans against liquid deposits does not start by matching loans and deposits individually; one has to assess what the problem looks like in total. Blockchain adds nearly … Continue reading Blockchain Gap: Liquidity Management, the Core of Banking

Consider the Punch Card

Today’s banking and financial systems were by and large automated in the 1970s and early 1980; the process began in the late 1950 and through the 1960s.  I find it helpful to reduce the problem of what the systems do down to the most basic elements in considering the financial patterns involved. And what might be the most basic element?  In many respects, to state … Continue reading Consider the Punch Card

ERP Systems and Reporting Processes

ERP systems perhaps were to deliver on three promises; Automate more business processes; perhaps approaching all of them.  ERP systems have added great automation to a lot of new business processes since their introduction 25+ years ago. Consistent IT Tooling.  ERP systems in some industries significantly increased the IT tooling consistency. Increase reporting ease and analysis.  The thought was that with all the data under … Continue reading ERP Systems and Reporting Processes

Recap of Steps in Estimating Reporting Processes

This week’s episode concludes our multi-week series on estimating reporting processes. Remember as I opened the series I spoke of a project where one of a dozen critical daily reports was not able to be produced after 4 days of continuous running.  After using my method, not only was the company able to run all the critical daily reports in the required time, they were … Continue reading Recap of Steps in Estimating Reporting Processes