provide correct information about business activities to senior management on time for taking right decision and also provide information about business activities to employees across the firm    Transform – fundamentally redefine business and industry processes and relationships    Combination of the above – While under normal circumstances automation could evolve over a period of time, in an incremental manner, typically in Kaizen mode, the sudden challenge of the quickly changing business environment may need sweeping transformation, in the Kaikaku mode.
It is important for any bank to be certain about what strategy they are following. When banks took upon the Core Banking implementation challenge, what was actually targeted? Was it 100% branches coverage or effective managerial control over the banking assets and liabilities or MIS or merely regulatory compliance and in the process harnessing residual benefits? Was it “Automate” strategy or simple “mechanisation”?