In today's environment, every financial institution relies on some level of information technology to process transactions, provide key data to management and to perform modeling or analysis. LoBue views the client's information systems as a key component of the operating machinery. As part of a consulting engagement, the adequacy of the underlying technology is assessed with a focus on determining the value that the supporting systems bring to the organization. In most financial institutions, the value can be clearly measured by decreased processing staff levels, faster transaction processing and turnaround times and the availability of relevant information. During the initial phase of a consulting project, LoBue conducts a "Needs Analysis" in which it evaluates what information and tools would provide how much benefit to staff and management within the scope of the project.
The needs analysis (so called "wish-list") is contrasted with the availability and capabilities of the information systems currently in use. The resulting recommendations are derived in the context of cost, timing and the organization's ability to effect the change. LoBue's approach to technology improvements is to focus on short term, smaller changes, which can be accomplished within the project's time frame. The extension of this approach (when possible), is to avoid the technology change altogether and to substitute a short term operational (manual) solution.
Technology improvements which require a longer time frame (such as a system upgrade or replacement) are recommended as separate projects based on their own cost / benefit analysis. LoBue has the resources, capability and experience to provide the analysis and recommendations for larger technology projects, and is competent in fulfilling the project management discipline.
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