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Managing volume fluctuations (30% average, 100% peak) in check processing

The Client

Regional US Bank with large Retail and Commercial Banking operations

Challenge

  • Volume peaks and troughs, the backlog of 15,000 items
  • Staffing up to handle volume peaks (weekly, and during the holiday season) was uneconomical

Solution

  • Utilized newly implemented check platform - created 9 different “queues” to handle the different types of requests to meet the cut-off time
  • Automated efficiency-enhancing tool – merge outgoing customer mail files

Execution

  • Cross-training among agents to handle volume variations
  • Deployed additional resources and extended extra work hours
  • Redundant operations at 2 Coforge locations for BCP purposes

Value Delivered

  • Efficiently handled volume variations at no additional cost to the customer
  • Average +/-30%, peak almost 100%
  • 15,000 item backlog cleared while increasing quality
  • levels Low error/ rework rate achieved
  • Accuracy levels increased to 99.9875% (125 DPMO)
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