Insights from The Lab

Process Improvement

Category: Process Improvement


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Lean Six Sigma Projects for Finance and Accounting Transformation: Examples of Top Financial Services Operations

Our previous article in this series shone a spotlight on the lean six sigma finance transformation challenges in the fiercely competitive world of retail operations. This article zeroes in on an equally high-pressure environment: Retail investment management. The Lab has extensive experience in this realm, helping firms from regional players to top-five global powerhouses. The …

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How to reduce loss ratio in insurance

Insurance transformation projects: How to reduce insurance loss ratio and claims leakage with lean claims implementation

In our last blog post, we discussed the opportunity, and it’s massive, for successfully reducing insurance operating costs, claims severity, and claims leakage. In this article, we’re going to dive into deeper detail, again culling from real-life insurance transformation projects which The Lab has undertaken for numerous Fortune 500 companies and their claims operations nationwide …

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Finance-Transformation-from-helloquence

Finance Transformation: Finance Process Improvement with Lean Implementation

FINANCE TRANSFORMATION SERVICES AND PROCESS IMPROVEMENT –  FROM LEAN TO ULTRA-LEAN – WITHOUT NEW TECHNOLOGY No matter what methodology you currently employ to boost productivity—whether it’s “voice-of-the-customer” analysis, Six Sigma, Lean, value-stream mapping, “Staple Yourself to an Order,” and/or balanced scorecard (KPI) implementation—The Lab can take your finance function to all new levels of lean …

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The Next Industrial Revolution

How To Implement a Lean Supply Chain Transformation in Just Six Months

This case study focuses on a supply chain process improvement initiative that was implemented for a Fortune 500 company with lean transformation from The Lab Consulting. It zeroes in on the order management process in the supply chain. Specifically, it targets the lean transformation of the order-to-cash cycle in the wake of an ERP investment …

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Improvements from Start-to-Finish

Since opening its doors in 1993, The Lab has helped some of the best companies in the world become even better.