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At KPMG, we see low-code as the future of application development and automation. Low-code platforms can dramatically speed creation of enterprise-class applications, automate workflow and case management activities, integrate with existing information systems, and enable a slick user experience.
Low-code automates basic processes and allows employees to quickly develop scalable business applications. Low-code can expand or enhance the functionality of existing information systems as they are shifted to a cloud-computing environment. And they can supplement or even replace existing legacy applications in the back office.
By using best-in-class technologies, KPMG is helping leading organizations advance to a connected future where low-code platforms will unify front-, middle- and back-office functions.
Challenge: Several manual interfaces with legacy systems, manual risk consolidation and reporting, time consuming and inefficient email orchestration across stakeholders
Why low-code: rapid development, modular scalability, non-disruptive integration with legacy infrastructure, full range of automation solutions
Challenge: limited collaboration between workgroups, manual processes, disconnected systems and point solutions
Why low-code: 15+ applications built to modernize / replace legacy apps across regulatory, finance, supply chain and product management
Outcomes: Integrated applications, global collaboration, process visibility and significant reduction in product launch time
Challenge: launching new / changing funds involve a complex processes, collaboration, system integrations, and real-time data visibility and reporting
Why low-code: most agile approach to consolidate 500+ data fields, process global product/term sheets, manage workflows/tasks & approvals for 100s of users
Outcomes: improved time to market, increased data accuracy, eliminated duplication of data entry, reduced complaint resolution times, self-admin capabilities
To help ensure that your organization gets the most from low-code development platforms, KPMG recommends adopting the following leading practices:
1. Refine your enterprise architecture strategy to define how you will use
2. Employ a fail fast, test-and-learn mentality.
3. Employ or contract with experienced developers for complex application development.
4. Build a center of excellence.
Orchstration of the production and review process of KIDs for PRIIPs.
Supporting banking clients in monitoring concentration risk and key risk processes
Businesses are embracing low-code as the future of app development and automation.
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