Why Banks Need a Unified Salesforce Release Management Suite
The banking and financial services industry is making great leaps forward in services and tools. A strong development cycle is essential to not only remaining competitive in the market, but positioning yourself as a leader.
A Salesforce release management suite gives your bank the ability to streamline your DevOps pipeline to address the evolving needs of customers and clients.
Banks do more than simply provide a service to their clients—they enable proper attention to important aspects of their lives. Loans, savings accounts, credit cards—these services play a huge role in a person’s financial livelihood and the bank they choose needs to be able to fulfill their needs.
Release management is the process of organizing and overseeing the various aspects of a development cycle. This includes everything from planning through deployment. There are a series of tools that can be implemented to help you get the most from your Salesforce DevOps pipeline.
So how do you piece together the best release management tools and optimize your development efforts? The ability to utilize a single Salesforce release management suite instead of compiling various tools from multiple sources will streamline your efforts.
1. Singular Interface Ensures Connectivity
There are a lot of options banks can use to address their release management needs. Piecemealing together a Salesforce release management suite might seem like a great way to get everything you need, but utilizing multiple vendors for services can create problems.
Your team members can become confused when they have to hop from one service provider to the next, creating the potential for costly errors.
A major aspect of a streamlined release management strategy is to make it easier for your team members to perform their tasks. Hopping between various tools will become cumbersome. A complete Salesforce release management suite that exists within one interface removes this potential for confusion. Your team won’t need to learn how to interact with multiple interfaces, making the training process much shorter and easier.
2. Facilitates Collaboration
A Salesforce DevOps pipeline involves the efforts of multiple teams. It’s this constant attention from multiple angles that helps streamline the process as a whole and helps your bank see the fastest returns possible. However, this is only possible if all of these various teams remain on the same page and are able to openly communicate with each other.
A singular Salesforce release management suite keeps all efforts in the same location, making it easier for team members to get the information they need.
Increased release velocity, reliable data security measures, and stronger code are all possible when collaboration is encouraged and facilitated. Linking together various DevOps tools assists release management. This is particularly true when all these tools work together seamlessly.
3. Speed is Important
The financial services industry is constantly changing. Customers and clients have evolving expectations. Banks and other financial institutions need to evolve along with these expectations in order to remain competitive in the market. This is true for every industry, but particularly true for a highly regulated industry like financial services—speed should not come at the expense of quality or security.
A complete release management strategy will work to facilitate high release velocity while also ensuring data security.
Government regulations dictate the way in which banks should handle and protect sensitive information. This also applies to the DevOps pipeline. A complete Salesforce release management suite will address these concerns and make it easier for a bank to remain compliant and secure.
4. Efficient Processes Save Team Member Time
Hopping between multiple interfaces not only adds more steps to every day process, but it also increases the potential for mistakes. Even a seemingly small addition to daily practices will snowball over time and become a large hindrance on productivity and overall cost. Utilizing a singular platform will eliminate this additional time. Partnering that with automation will make drastic improvements to the efficiency and effectiveness of your DevOps processes.
Reducing unnecessary procedures and implementing automation into your DevOps system helps your DevOps team to quickly produce new updates and applications.
And increased ability to produce projects helps your bank address customer needs in real time. These services have a large impact on your customers’ lives. Being able to address their needs quickly and properly will have positive impacts for them and create a feeling of trust toward your financial institution.
5. Secure Updates Assist Compliance
We’ve mentioned how the financial services industry is one of the most regulated industries. This is an important distinction that is likely not a new idea to banks. However, the way in which a bank addresses data security considerations can always be updated and expanded. A Salesforce release management suite will include multiple tools to achieve stronger data security which in turn supports regulatory compliance.
The release management strategy for a bank needs to include data security at every step of the process.
Piecing together multiple release management tools leaves you in danger of missing out on important services. Working on a singular platform that provides all you need means there aren’t any cracks for important considerations to fall through. Data backup and recovery, static code analysis, automated testing—these tools and more will help your bank remain in compliance with regulatory standards.
6. Repeatable Processes Expedite the Planning Stage
Planning is an important aspect of a successful release management strategy. Putting all of your considerations in their place before addressing a new DevOps project helps keep everything running smoothly. Over time, these processes should be refined and tailored to your specific needs. One bank is not going to have the same exact needs as another.
Working on a familiar platform for release management allows your team to perfect their processes and use this knowledge in future projects.
A unified Salesforce release management suite provides all the tools needed to remain secure while maintaining efficient and streamlined DevOps practices.
Various tools are available to help optimize your release management efforts such as:
- Version control
- Test automation
- Sandbox management
- and more
There are numerous stages of developing an application or update. Release management aims to oversee these various phases to keep everything on track.
Proper handling of data is essential for businesses that operate in highly regulated industries such as banks. Failure to maintain proper oversight can lead to falling out of compliance with data security regulations.