Processes in Financial Services Middle Office

Processes in Financial Services Middle Office

In the financial services industry (FSI), the path to operational excellence is paved with documentation.

In the financial services industry (FSI), the path to operational excellence is paved with documentation.

3 Minute Read

Leo Roubos

28 Feb 2022

Cut documentation time by 95%

Book a demo

In the financial services industry (FSI), the path to operational excellence is paved with documentation. This critical (but tedious) foundation not only ensures compliance with Australia’s regulatory framework but also ensures efficiency and reliability across daily operations.

Yet, the journey towards achieving high standards of documentation and process excellence presents significant challenges. Reflecting on my experience in the middle office of both an investment banking firm and a superannuation fund, I’ve seen firsthand the pivotal yet challenging role documentation plays in the industry. This post explores the importance of process documentation in achieving operational excellence and how these experiences inspired the creation of Fluency.


The Role of Process Documentation

Process documentation for Financial Services businesses is not merely a regulatory requirement; it’s the backbone of operational integrity. Accurate and comprehensive documentation ensures that financial institutions can withstand the scrutiny of audits, comply with regulations set by bodies like ASIC and APRA, and maintain the highest standards of service for customers. The stakes are high, as inadequate documentation can lead to compliance failures, operational risks, and significant financial penalties.

The Drive for Process Excellence

Process excellence means going beyond just meeting compliance requirements. It involves streamlining workflows, eliminating inefficiencies/redundancies, and continuously improving processes to stay competitive and responsive to the market. This is challenging, and requires a continuous approach to documenting and analysing every process, from client onboarding to transaction processing.

Personal Reflections from Middle Office

My time in middle office revealed the dual nature of process documentation: it’s both indispensable and incredibly burdensome. We were acutely aware of its importance for compliance and operational continuity. Yet, the manual effort required to create, update, and manage documents was overwhelming, often diverting attention from more strategic tasks. The frustration was shared amongst the team, and there was a shared understanding that it was the worst part of people’s jobs - everyone complained about it.

A Solution Born from Experience

Seeing this problem occur over and over again was the catalyst for Fluency. Once Olli and I spent time workshopping the initial idea, the vision became clear: to create a platform that automates the tedious aspects of process documentation, thereby freeing people to focus on areas of their jobs where they can add real value. Fluency’s AI-driven approach to generating step-by-step documentation not only easily enables accuracy and compliance but also offers insights into process improvements, all while preparing institutions for audits with ease.

Fluency’s Value Proposition

Fluency is designed to address the specific pain points of process documentation. By automating this critical function, our platform aims to transform how organisations achieve process excellence. The goal is to make compliance and operational efficiency not just attainable but sustainable, allowing teams to dedicate their expertise to innovation and growth rather than getting bogged down by documentation.

  • Automated Documentation: Fluency simplifies the documentation process, enabling real-time updates and ensuring accuracy and compliance.

  • Process Insights: This feature allows institutions to benchmark their processes against industry standards and internal metrics, providing a clear view of performance and identifying opportunities for improvement.

  • Audit View: With Fluency’s audit view, preparing for internal and external audits becomes more straightforward. Institutions can easily access detailed, step-by-step documentation of their processes, ensuring transparency and compliance.


  • Automated Workflow Mapping: By contextually understanding and mapping out processes, Fluency helps identify inefficiencies, offering a roadmap for process optimisation.


  • Centralised Process Repository: Fluency keeps all processes documented in one accessible location, streamlining search and retrieval, and facilitating a culture of continuous improvement.


With features designed to streamline operations, ensure compliance, and foster continuous improvement, Fluency enables professionals to concentrate on driving their organisations forward, focusing on innovation, efficiency, and strategy.

As we look to the future, Fluency represents our commitment to transforming the process landscape, ensuring that firms are not only meeting their regulatory obligations but are also positioned for unparalleled operational integrity and efficiency. Our mission is clear: to equip people with the tools they need to focus on what truly matters, secure in the knowledge that their operational foundations are robust, compliant, and ever-evolving.

Stop wasting time on manual documentation

See how Fluency can transform your operations team's productivity with a personalised demo.

Stop wasting time on manual documentation

See how Fluency can transform your operations team's productivity with a personalised demo.

Stop wasting time on manual documentation

See how Fluency can transform your operations team's productivity with a personalised demo.

See why teams love Fluency

BoardRoom logo

Leading Corporate Services Provider

"With Fluency, we've turned a major operational pain point into a streamlined, efficient system that keeps our team aligned and productive."



Anthony Tregunna

Operations Manager, BoardRoom

Misumi logo

Global Manufacturing & Automation Leader

"Fluency has revolutionised how we create and maintain training guides. Its step-by-step capture functionality ensures thorough and accurate documentation, enabling our team to learn independently."


Jacqueline Ong

Customer Service, MISUMI

Investment Manager

"Fluency has been a revolutionary experience. Certainly one of the best investments my company has made if you ask me. I don’t think I could ever go back to Word again!"


Anna Ye

Senior Corporate Accountant, Bennelong Funds Management

See why teams love Fluency

BoardRoom logo

Leading Corporate Services Provider

"With Fluency, we've turned a major operational pain point into a streamlined, efficient system that keeps our team aligned and productive."



Anthony Tregunna

Operations Manager, BoardRoom

Misumi logo

Global Manufacturing & Automation Leader

"Fluency has revolutionised how we create and maintain training guides. Its step-by-step capture functionality ensures thorough and accurate documentation, enabling our team to learn independently."


Jacqueline Ong

Customer Service, MISUMI

Investment Manager

"Fluency has been a revolutionary experience. Certainly one of the best investments my company has made if you ask me. I don’t think I could ever go back to Word again!"


Anna Ye

Senior Corporate Accountant, Bennelong Funds Management

Frequently Asked Questions

What is Fluency?

How does Fluency work?

Who benefits from using Fluency?

What problems does Fluency solve?

How is Fluency different from traditional documentation tools?

Is my data secure with Fluency?

What about integration with existing systems?

What happens if my process changes?

FAQs

What is Fluency?

How does Fluency work?

Who benefits from using Fluency?

What problems does Fluency solve?

How is Fluency different from traditional documentation tools?

Is my data secure with Fluency?

What about integration with existing systems?

What happens if my process changes?

Made with

in Melbourne, Australia

© 2025 Farmor Software Pty Ltd T/A Fluency

Made with

in Melbourne, Australia

© 2025 Farmor Software Pty Ltd T/A Fluency

Made with

in Melbourne, Australia

© 2025 Farmor Software Pty Ltd T/A Fluency