Business Consulting for Banks and Insurance

‌Comprehensive business consulting for financial institutions


Business consulting for profitable growth

‌Sirma Business Consulting is dedicated to improving your process performance, identifying and implementing best-practice technology solutions to address and manage your unique business challenges and needs.

Accelerate the adoption of new digital services

We help you transform your businesses, using targeted investments geared towards growth, optimized efficiency, well-managed risk and full compliance of business operations. The management consulting expertise of Sirma optimizes the performance in every aspect of the organization in the financial institutions.

Our main goal when you hire us as consultants is to drive your business to profitable growth by:

  • Using  our understanding of market drivers

  • The creation of new business models

  • Designing processes for increased competitiveness

We scrutinize and evaluate each organization’s unique situation to provide the most accurate and effective business consulting service.

Strategic Consulting

Business analysis and strategic consulting‌ for rapid innovation

​​​​​​​Business Analysis is the most important function of Strategic Consulting. The understanding of your business needs, the requirements of the market factors, the mastery of business processes are key to delivering the required strategic goals.

Business analysis and strategic consulting stages

  • ‌Gathering business requirements ‌
  • ‌Defining the business vision for the project‌ ‌- Mapping out of initial requirements and project scope
  • Interpreting business needs
  • ‌Breaking down technical and architectural complexities
  • ‌Identifying, modeling and documenting customer requirements and needs
  • ‌Deployment of development teams ‌- Test and validation processes
  • ‌Representing project stakeholders throughout the process ‌

Project Management

Project management consultancy‌ to achieve more in less time

Sirma’s Project Management Consultancy Services support your financial institution in bridging the gap between your strategic aims and the respective project results. We can support you in undertaking the necessary projects, which ensure your competitiveness in today’s fast-paced world.

Project management consultancy stages

  • Program charters that define scope and goals
  • High-level and detailed network-based schedules
  • Activity identifications - durations, responsibilities, and resources
  • Time-cost trade-off process and validation of schedules
  • Staffing analysis
  • Establishment of governance procedures
  • Standard reports
  • Coding structures, metrics and templates
  • Implementation of Project Offices

Process Design

Business process design to optimize efficiency

Consulting that helps you evolve your business model and reinvent processes and operations. We advise you on business process optimization and the selection of the appropriate technology and configuration, which the business processes need.

Business process design stages

  • Understanding of the business process which includes identification of activities, GAP analysis and comparison of the current and the desired state of the process.
  • Development of new methods to improve productivity and efficiency. Remodeling steps and diagrams combined with operational costs analysis and workflow design or redesign.
  • Implementation of business process improvements between customer systems for optimization of end-to-end processes‌.

Regulatory Compliance

Regulatory compliance to avoid legal complexity

The financial services industry is one of the most strongly regulated businesses. Regulatory compliance, however, needs not be in disagreement with the business development. Our regulatory experts help align industry regulations with business goals and performance by:

  • Delivery of new initiatives and solutions that impact customer on a local and international level
  • ‌Creative design and implementation of compliance management systems
  • Specialized skills training
  • Evaluation of existing systems and processes
  • ‌Supporting customers to be cognizant of all legislation and initiatives that affect their business
  • Deep understanding of regulatory requirements and best practices in the financial sector

Stay competitive with a trusted business partner.


Raiffeisen Bank is Gaining Efficiency with New Front-end System


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