Wire Transfers Workflow Template

OpsDog Wire Transfers Workflow - Preview Image

Overview: Wire Transfers Workflow Template

This workflow template illustrates the setup, approval and execution of electronic wire transfers to receiving banks and financial institutions for individual customers. Purchase and download this template in PDF, Visio (VSD), PowerPoint (PPT) formats. You can customize it to fit your own organization, or simply use it to better understand the Wire Transfers process.

Download a Free Sample of this Workflow Template

Process Details and FAQ: Wire Transfers

What is included in Wire Transfers?

The Wire Transfers process involves the setup, approval and execution of electronic wire transfers to receiving banks and financial institutions for individual customers. This process includes customer request notification, transfer of funds authorization and verification, evaluation of sufficient funds (if there are insufficient funds, the customer and the customer service representative must be notified), wire payment processing (if the wire is going to a new destination, all relevant information must be verified), wire rejection (if necessary due to incorrect instructions or information), fund distribution and the acceptance or denial of funds by the receiving bank. Ensure that the customer is informed of all rejected wire transfers and the reasons behind them.

Which KPIs, or metrics, are typically used to measure this process?

The following metrics may be used to measure the Wire Transfers process:

  • 1.Cycle Time: Wire Transfers (All Outgoing)
  • 2.Unit Cost: Wire Transfer
  • 3.Wire Transfer Error Rate (All Outgoing)

Which employees and/or departments are involved in this process?

The following parties are typically involved in the Small Business (SMB) Lending process:

  • Corporate Treasury Analyst
  • Customer
  • Customer Service Representative
  • Margin

What is the purpose of these workflow templates?

Broken business processes pervade companies, large and small. Manual workarounds, downtime, errors and other waste is thought of as "the cost of doing business." Use our workflow templates as a starting point to document your own processes. Customize them to fit your business and add "call outs" for improvement opportunities.

How are these workflow templates created?

These workflow templates are the product of over 20 years of hands-on management consulting experience, as well as research performed by the OpsDog team. All of our workflows are mapped using the BPMN 2.0 specification.

How do I download a workflow template?

Simply click the "add to cart" button and follow the process to purchase and download this workflow template. You can use any major credit card, or a PayPal account, to pay. After you have completed the purchase, you will receive a link to immediately download the workflow template in PDF, Visio (VSD) and PowerPoint (PPT) formats. If you aren't a registered OpsDog user yet, create a free account! New users get $20 off of their first purchase.

Questions?Call: 844-650-2888Email: info@opsdog.com
  • Workflow Template


    Wire Transfers

    - Instantly download files
    - Includes PDF, VSD, PPT file formats
    - Customize PPT and Visio versions
    - Mapped in BPMN 2.0 format


    Call: 844-650-2888

    Email: info@opsdog.com

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