Cases
QOTEQ has numerous applications across many industries looking for (or already employing) digital management and services. Below you can find some of the likely scenarios illustrating how we empower digital operations.
ESG Implementation
Traditional ESG/ BI/ ETL Systems
Data Warehousing
Primary Data Collection
Third-party Data
Integration Data
Data Analysis
Data Quality: Checks & Alerts
Data Processing: OLAP
Data Visualization
Dashboards
Reports
QOTEQ includes all existing ESG/ BI/ ETL functions plus:
Exports all data to external systems in auto mode
Requires additional actions for data export
Convenient and accurate ESG reports from bank clients * (in a unified format)
Requires additional actions for data export
Consumer loans
Connection of new remote sales offices
In this scenario, a Systemically important financial institution (SIFI) decides to provide consumer loans directly in venues that sell home appliances. This requires the following:
Quick assessment (few minutes) of a buyer’s credit capabilities. Quick approval / decline of the loan, verification of credit limits
Secure and data-safe access to the internal data systems of the bank in order to provide a loan on the spot (in the sales venue):
- A bank representative in the sales venue (possibly)
- Integration or deployment of a special interface or additional software for the employees of the sales venue
The ability to quickly onboard, deactivate or activate sales venue credit points
A system or process that adapts to the high variability of relationships with each trade/sales partner. Variables can include:
- who pays the % on the loan (consumer/sales partner)
- liquidity of the goods
- loan security
- and so on
Without QOTEQ
Creation of a technical task for the platform UI
5-10 days
UI refinement / development *
3-6 weeks
*any changes implementation (1 week every time)
Setup of a scoring system for streamlined operation of the platform
1 week
Contract preparation Testing phase
1-2 days
With QOTEQ
Application of Rule changes to the partner relationship/ operation
1-2 hours
Description the operation of the product (including scoring rules & contracts) using our BML by BA
3-4 days
Restructuring
Restructuring often leads to identifying old issues or introduces new variables:
Without QOTEQ
With QOTEQ
Without QOTEQ
Formalization and description of changes in each business process
in the form of business cases
3-6 weeks → Change Committee + BA
Creating technical requirements for changing each information subsystem based on business cases
4-6 weeks → BA
Creating a step-by-step change development and implementation plan
1 week → BA + PM + CTO
Development and approval of the technical solution architecture
2-3 weeks → SA + functional managers
A pull of training events for staff
2-3 weeks → BA + functional managers + employee
The Change implementation
3-4 months → BA + functional managers + IT + employee
With QOTEQ
Formalization & description of changes\in each business process
in the form of BML sentences
3-6 weeks → Change Committee + BA
Compile and test
the result as a model
4-6 weeks → BA + CTO
Short clarification meeting
1 day → FuncMgmr + Employee
Apply all necessary changes
from the specified moment
1 day → CTO + BA
Restructuring
While adapting to the needs of changing markets, banks often face the need for restructuring:
- Change financial products
- Implement new standards due to changing demands or regulations
- Increase operational effectiveness and lower risks
The capabilities of QOTEQ allow for a much simpler and quicker restructuring process. This also decreases the strain on staff.
Changes to business processes require fast changes to data systems (or deployment of new ones).
End benefits:
- x2 faster process (or more)
- 60% less involvement of developers & IT staff + less expenses
- Simple implementation of changes at any stage in hours
- Changes often don't require staff re-training
- Implementation of changes is 2-3 times less expensive
- Troubleshooting & maintaining changes is decreased by up to 10 times
- The ability to work with both old & new data systems simultaneously, without data loss
- Quick rollback of changes (if needed) without data loss
- Smooth & simple process of documenting business processes and changes (keeping them up-to-date)
Pricing
Service packages
QOTEQ is free & open source, but we deliver 2 service options to maximize its potential & make your business competitive & efficient.
QOTEQ Standalone Server
(initial setup + 1 month of support)
- 10 hrs of consulting or IT assistance for the initial deployment and setup of QOTEQ on your server
- 300 hrs of consulting/ support for your Business Analysts in our simplified “coding language” and the validation of their code description of your processes
- 1 year of access to repositories with system updates, document templates, and BP templates with the option to prolong subscription
*You keep all your setups and downloaded materials/updates forever, even after the 1 month period ends.
QOTEQ SaaS
(paid service)
- Configuration-wizard which makes an initial version of the BML description of the business (unlimited for service users)
- 30h video course for BA to learn the BML
- 1-year access to repositories with system updates, document templates, and BP templates with ability of prolongation
Contact us
Let’s get in touch
QOTEQ was built from the ground up for pragmatic improvements in business effectiveness: cost savings, operational efficiency, etc.
Campus da Penteada
9020-105 Funchal - Madeira
1100-420
Lisbon
53, Peremogy Avenue, office 422,
03067, Kyiv