What is Digital Transformation?

Digital transformation is the integration of digital technology into all areas of a business, fundamentally changing how you operate and deliver value to customers. It’s also a cultural change that requires organizations to continually challenge the status quo, experiment, and get comfortable with failure.

What is Digital Disruption?

Disruption, by our definition, means a shift in relative profitability from one prevailing business model to another. The dominant companies, accustomed to the old approach, lose market share to a new group of companies. Not every disruption is driven by advances in technology, but this one is. And because the software fueling this transformation can be applicable across traditional industry and business function boundaries, competitors can emerge from seemingly anywhere. In sector after sector, new entrants are lowering prices, meeting consumer needs in novel ways, making better use of underutilized assets, and hiring people with broadly relevant digital skills, who have collaborative, creative, and efficient work styles

Moving to a Paperless System 

The current process for issuing a bond is mostly dependent upon paper. Our Strategy is to completely change the way municipal bonds are issued. We will focus on integrating industry standard bests practices, with electronic filing for a quicker and more efficient process. Having the ability to send and receive documents instantly, will be a great advantage for all parties involved in the process. Not only will moving to a paperless system greatly reduce the time involved in closing deals, but it will cost less and records will be easier to retrieve and store. By digitizing these documents, a large database of information will be created. This data can then be mined for powerful insights and used for optimizing the process and reducing cost.

Automating the Issuance Workflow 

The current process is made up of manual, and time-intensive steps, involved in issuing a municipal bond. Whether you are sending a request for proposal or selecting the best advisers and counsel, the process can be intimidating for those who issue infrequently or for those who may not have the experience. Our automated workflow will guide investors and issuers throughout the entire phase of the issue life cycle. Our workflow will encompass a requirements checklist and recommendations for choosing the right underwriters. The goal of this workflow is to create transparency and fairness between issuers and financial institutions.