Using Process Mining Technology to Improve Settlement Inefficiencies

Following the confirmed T+1 settlement changes that will take effect in the US and Canada in May 2024, there is a clear opportunity to modernise settlement processes.

Achieving maximum compliance with the T+1 target for settlements requires investments in technology infrastructure but also significant enhancement of front to back processes, including client behavioural change as well as addressing manual touchpoints and friction. Getting this right will be a powerful catalyst for greater efficiency and reduced risk, but investments need to be carefully targeted to maximise impact and enable benefit realisation to be effectively managed.

To this end, Deloitte have leveraged process mining technology to build a tool that enables organisations to rapidly diagnose, improve and monitor their end-to-end settlement process. This solution offers enhanced capabilities to analyse and visualise processes, allowing targeted interventions that maximise impact on settlement time and costs, with a direct impact all over an organisation.

Join us on this webinar where we will:

• Outline the implications of T+1 on technology infrastructure and business processes.
• Discuss the application of digital tools, such as Celonis process mining technology, to enhance transparency over the settlements process and uncover opportunities for cost and process efficiencies.
• Provide a demo of our settlements process intelligence solution which utilises Celonis process mining technology.