Let us understand the process of transforming of BPMN to BPEL using the example of a Portfolio Account Opening process at a bank. This example is a simplified version to help us understand and focus on core concepts. We will also be using this example to demonstrate the closed-loop BPM life cycle discussed in the next chapter.
There is no business objective more important to banks and other financial services institutions than the acquisition of new customers for their products. This is enabled by having an efficient account opening process allowing customers to approach the institution and get the account opened in the least amount of time. Although customer acquisition is highly critical to the health of banks and financial services companies, the new account opening process for these banks and other institutions is typically costly and inefficient, and is plagued by mostly manual, paper intensive, error...