The more rigorous the testing and exception handling, the higher would be the probability of success of the project. Another area of significant importance to the managements, regulators and shareholders is the quality and efficiency of reporting. Indian banking, even today, has housekeeping, MIS and reporting processes which are largely interspersed with manual intervention.
This has implications for the quality, consistency and timeliness of data; subjective interpretation, even  6  BIS central bankers’ speeches  manipulation and delays. In cases where the information collection and submission process are largely IT based, process design itself has to be aligned to reporting requirements.