Service Philosophy

Targeted Solutions for Expense Reduction and Business Process Transformation

“Our shareholders are clear: They expect our bank to be a market leader in using technology and processes, not only for low-cost provider purposes but also for leadership in innovation and customer service. Carretek is a key player in helping us earn that leadership position.”

-- CIO, Carretek Client, A Large US Payments Processor

Many banks are seeking new ways to achieve dramatic expense reductions in their payment operations. Carretek allows banks to meet this objective and more, by relocating selected image-based transaction processing functions to our world-class offshore facility in Mumbai, India.

Carretek’s approach to offshoring business processes is unique in the following ways:

Domain Expertise:
Rather than attempting to be all things to all clients, we focus our energies on what we know best: the back office processing needs of financial institutions. Because we bring the highest level of experience and understanding to our clients’ business processes, we are able to deliver the cost savings and efficiency gains they expect in a more timely manner.

Selective Offshoring Methodology:
It takes experience and skill to determine which business processes can be offshored to deliver significant cost savings and process improvements while maintaining the highest security and customer service standards. Our deep domain expertise allows us to select only those back office processes that can successfully be offshored to reach our clients’ business objectives.

Transitional Approach:
Carretek has developed a proven methodology for the transition of our clients’ processes to our offshore facility (see diagram below). This approach ensures the success of the offshored processes.

WE ENSURE RESULTS THROUGH OUR TRANSITIONAL APPROACH

Transformational Focus:
While financial institutions may first consider offshore BPO as a way to reduce expenses, expense reduction is just a “first wave” opportunity. Once expense reductions are achieved, our goal is to become a source of new delivery models, new product innovations, and improved customer service to ensure long term success. These transformational benefits provide “second wave” opportunities that build upon the first wave of benefits to increase efficiency gains and cost savings on an ongoing basis.

To explore your organization’s offshore business processing opportunities through Carretek, contact us.

Strategic Offshore Advisory Services

Business Process Outsourcing (BPO)