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Why do we need a handbook on Information Technology (IT) and Finance? At first, because both IT as well as finance, are some of the most prominent driving forces of our contemporary world. Secondly, because both areas develop with a terrific speed causing an urgent need of up to date information on recent dev- opments. Thirdly, because serious applications of IT in Finance require specialists with a professional training and professional knowledge in both areas. Over the last decades the world has seen many changes in politics, economics, science and legislation. The driving forces behind many of these developments are of a technological nature. One of the key technologies with this respect is Infor- tion Technology. IT is the most prominent technology revolutionizing the ind- trial development, from products and processes to services, as well as finance, which is itself one of the central pillars of modern economics. The explosive - velopment of the Internet emphasizes the importance of IT, since it is today’s key factor driving global access and availability of information and allows the division of labour on an international scale, the globalization. The profound transformation of finance and the financial industry over the last twenty years was driven by technological developments – e. g.

This volume contains a selection of papers from the First Workshop on Subject- Oriented Business Process Management (S-BPM ONE). Establishing a multi- and cross-disciplinary interchange of underyling and applied concepts, successful appli- tion studies, and innovative development ideas, the workshop emphasized the pro- tive realization of role- or actor-oriented modeling on the basis of exchanging m- sages when accomplishing tasks. The workshop was organized as a forum for the discussion of foundations, achievements, reflections, and further developments. In this way, its contributions not only addressed the current state of the art, but also the various lines of research and development, either running or planned. The state of the art is reflected in terms of concepts, modeling language, and tool features on the one hand. On the other hand, it is reflected through the discussion of industrial case studies. These indicate the current practice when implementing the subject-oriented BPM paradigm in industrial settings. By challenging conceptual foundations they also allow us to define a common ground for future developments in research and practice. The S-BPM ONE contributions focus on challenges arising from the evolution of service-oriented architectures and the need for more flexible business organizations. The latter require coherent and adaptive representation and processing techniques for business process modeling and execution. Corresponding technologies have to be grounded in theories of computer science, in order to provide an adequate infrastr- ture for thorough BPM including technology-enhanced change management.

This book constitutes the thoroughly refereed post-proceedings of the Second International Conference on Subject-Oriented Business Process Management, S-BPM ONE 2010, held in Karlsruhe, Germany in October 2010.The 10 revised full papers presented together with one invited keynote paper and three panel statements were carefully reviewed and selected from initially 17 submissions. The papers present innovative cross-disciplinary ideas, concepts, methods, tools and results in foundational and applied research as well as studies on the realization of such innovations in the real world - all based on the promising new paradigm of subject-oriented business process management.