Straight-through Processing – Lean transaction flow comes of age

STP Defined Straight through processing (STP) are transactions executed without human intervention within or across entities. Lean process design combined with enabling technologies have allowed data to be relayed across systems without re-keying, reducing time to process in some cases from days to seconds. Although not limited to financial services the term is often associated …

Gregory North leads the world’s largest Value Stream Mapping event for New York State Lean

Last month New York State Lean took its award-winning program to new heights during a session in which more than eighty teams from agencies across state government worked in parallel to generate one hundred and fifteen value stream maps – in less than two hours!  I had the privilege of leading the event which was organized by NYS Lean Director Erika …

New York State’s Lean Initiative Wins Citizens Budget Commission’s Prize for Public Service Innovation

Governor Andrew M. Cuomo today announced that New York State’s Lean Initiative received the 2016 Citizens Budget Commission’s Prize for Public Service Innovation. The Lean Initiative is an innovative public-private partnership designed to make government more efficient and responsive, which has had widespread impact since its inception in late 2013. The CBC Prize is awarded …