Welcome to this Monthly Focus about LexiFi’s forthcoming new user-defined Workflow tool.
Workflows will no longer require application updates or other time-consuming IT processes. They can be created by Client Super Users or LexiFi Product Specialists.
This built-in workflow tool should answer around 90% of your organizational needs. You may be interested in this functionality if you are looking to manage your activities in a coordinated way and define roles and responsibilities. Workflows are meant to help you meet your organizational and regulatory needs.
We like to think of it as rails for your daily activities and tasks! It could be to:
Workflows can be used to organize actions and responsibilities within your organization. You can manage what can be viewed, created, and/or modified. One example is to restrict the modification of contract information after a trade approval. Another is to avoid “information overload” and clutter. This can be done by giving access/visibility to relevant information for each sales advisor.
“Sales/Relationship Managers” can only see their own contracts or other approved contracts
“Structurers” can see and modify all contracts, including those in drafting/approval states
“Clients” can only see contracts in their own portfolios
A workflow example for a new issue registration could be:
A lifecycle workflow could be as follows:
New trade idea workflow: