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Agreed - however keep in mind that RCE & Email performance reports do have some difference in terms of the logic used for reporting, see details here: Difference in Marketo Email Reporting Metrics
Spent a few years at an FI as well - and while there were some workflows in Marketo to help trigger users to ensure approvals followed defined processes (i.e. reminder flow steps), most of the actual processes occurred outside of Marketo. For example, content would go through approvals in Workfront,...