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Processes and IT are important in the world of finance, as personnel (organisational processes) and IT expenses account for approx. 70-80% of the costs incurred by financial companies. These days, automation with the aim of cost reduction is practically only ever achieved with intensive IT operations. Outsourcing requires defined processes and appropriate IT resources.

Term-Nr.: 692

German: Prozesse und IT (643)

Source: SFO D15 2010 m. e. E., 24.04.2010

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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