BANKING CASE STUDY
CASE STUDY PREVIEW
Precision Software’s customer is one of the world’s largest investment banking enterprises. The company, with headquarters in New York and offices in every region of the world, works with governments, corporations and high net worth individuals as well as other financial institutions.
A GLOBAL, ENTERPRISE-WIDE SOLUTION TO STANDARDIZE SHIPPING
Precision Software’s customer needed a solution to support parcel shipping to customers as well as inter-office and inter-campus shipping, along with the ability to consolidate shipments within office mail rooms. As the bank ships confidential and sensitive documents, a second critical requirement was chain of custody controls for all inbound and outbound packages. Finally, the bank needed to ensure that compliance checks were done for every shipment.
ONGOING COMPLIANCE, CHAIN OF CUSTODY CONTROLS, AND REDUCED TRANSPORTATION COSTS
With PRECISION, the bank was able mitigate risk by ensuring that no parcel could be shipped without prior compliance screening. Using PRECISION’s workflow-enabled routing guides and the company’s own business rules, the bank automated carrier, country and service-level selection. Further cost reductions and improved lead times were realized with consolidations and zone skipping. Chain of custody controls were instituted across all shipments, allowing the bank to track every parcel from sender to receiver, even at desk level when required.
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