FREQUENTLY ASKED QUESTIONS
Why should I choose IFS?
With IFS, you’ll save time and money by creating and deploying process automation applications faster, more economically and with less reliance on IT staff. In heavily-regulated environments, you can trust that complex processes are completed as efficiently as possible, are in compliance with regulations and are up to technological standards.
How is IFS different than other automation software providers for financial services and insurance?
IFS was founded by technology and operations professionals with deep knowledge gleaned from inside the industries we serve. This practical expertise greatly influenced and guided the creation of a new class of automation solutions that are simple, intuitive and practical. Unlike other business process automation software solutions, IFS empowers business analysts and subject matter experts to build and maintain end user solutions with less reliance on valuable IT resources.
What solutions does IFS offer?
IFS offers powerful software that automates, integrates and monitors service requests and related business processes. IFS is known best for its Onboarding and Asset Movement Solutions for the financial services industry. Because of the flexibility and scalability of the IFS Automation Platform, IFS also develops automation solutions for other service requests, depending on your firm’s needs.
What kind of companies does IFS work with?
IFS is proud to work with some of the nation’s leading brokerage, wealth management and insurance firms. From retail brokerage firms to wealth management companies to insurance providers, IFS has helped some of the most innovative national and regional financial services firms gain efficiency, control cost, maintain compliance and better serve their customers.
What is business-driven process automation?
The IFS Automation Platform and our solutions are built on the belief that business users, not valuable IT resources, must be empowered to design, build, maintain, and refine complex, automation applications. The ability to engage the business—early and often—and rapidly create prototypes that quickly offer test drives without the involvement on IT—is a critical advantage to IFS clients and stakeholders. IFS breaks through traditional barriers of automation deployment. We put the business and their users and analysts directly in control of their automation projects—and their success.
What results can I expect?
Business Process Automation (BPA) often involves high complexity and costs that can riddle process execution, and quite often fails to meet the original business goal, budget and expected timeline. IFS’s tagline “Automation Delivered” embodies our philosophy of eliminating typical BPM roadblocks and delivering success with proven, practical business-driven automation solutions that drive results, achieve innovation and meet strategic goals.
Who will be working on my project?
The IFS team includes software, business and operations leaders, process experts, analysts and technical talent with extensive financial services industry experience. While many solution providers maintain expertise in technology, process or operations, few have expertise across all functional areas of the financial services industry, including deep enterprise integration expertise. That’s how IFS is different. As an IFS client, you’ll have access to a dedicated team who understands the unique challenges your organization is facing and has the background and skills needed to meet your needs.
What is the typical delivery timeframe for implementation?
IFS’s solutions are developed with a proven methodology specific to the needs of the industries we serve. Our solutions, which are built on the IFS Automation Platform, are highly adaptable and responsive to requirements. As a result, we’re able to deliver solutions in a matter of months, as opposed to years.
What are the benefits of rapid prototyping?
Significant advantages of rapid prototyping include reduction of project cost and risk. Since users are empowered to observe the working model early and often, visualization capabilities are enhanced in the early design phase. The identified needs of the prototype are constantly tried and tested, yielding immediate feedback and project outcome consensus throughout the process.