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The traditional linear approaches, such as Business process Re-Engineering are useful to optimize the workflow. They do little to highlight similar activities that are scattered across separate processes within the enterprise. The need of the hour is a new way to view the business operation, one that will help to adapt and thrive in an environment of continuous change.

The Component Business Model (CBM) helps by simplifying the way Business architect look at the operations. With the Component Business Model, Business Architect can identify unique standalone building blocks that comprise the entire enterprise operations.

The Component Business Model can help to optimize the following key operations:
 
  • Delivery channels
  • Servicing
  • Pricing
  • Cross Selling
  • Marketing
  • Generation and assembling of products and services
  • Electronic payments
  • Paper processing
  • Customer data management etc.

The CBM can help optimize operations for cost efficiency and economics of scale. Some ways to achieve this are automation and redistribution of work to areas with lower labor cost.

Componentizing is the concept that other industries, particularly Manufacturing has adopted to deal with complexity. Only now CBM strategy can be adopted in Finance sector. This is because of technology, the enabler for Componentizing, is now moving at a sufficient pace to support the requisite connectivity and the emergence of Industry and technology standards that underpin this model.

Infotech CBM implementation methodology is as follows:

Phase Tasks Involved Result

Requirements

Establish process models to provide templates that facilitates cross enterprise simplification and improvements of Business Process.
 
Identification of processes that support a particular CBM

Capturing business requirements

Defined list of processes to meet the Enterprise Business requirements.

Analysis

Analysis of business processes and extending them with detailed business requirements.

Focus on reuse within processes

Starting with process models, identification of reusable service candidate.

Analysis of the information requirements and dependencies between the service candidates.

Business processes  detailed class model.

Reusable business services

Design

Analysis of business process class model and performance of design level transformation.

Design of reusable service

Assignment of services as responsibilities within component architecture.

Design level business processes

Design level services that supports the processes

Detailed type definition of parameters for the services

Collaboration patterns between the services.

Implementation

Define solution architecture for the project.

Extending the outputs with implementation details and binding them to the existing IT infrastructure.

Business processes automation expressed in Business process Engineering Language (BPEL)

Service oriented architecture using Web Services expressed in WSDL.

 

 
   
   
 
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