Client Overview
An emerging bank in Europe wanted to overcome the limitations of their old system and have new features in place like cash flows, recovery, and asset management. The client approached us to help them adopt new technologies.
Business Challenges
- Client were using legacy systems
- Limited functionality and features were supported.
- Technology migration was needed
Solution Highlights
- Automated accounting entries
- Loan life-cycle automation from application to disbursement and recovery
- Future cash flow generation
- MIS reporting
- Tracking of assets and logging of non-profit assets
- Complete work flow and operations management of the housing finance company
- Corporate office and branch offices integration
- Recovery management
- Asset management and bank transactions & reconciliation.
- Enhanced integrity of large volumes of data
Benefits
- Reach a broader audience of customers
- Fast-track the loan process by assessing the eligibility of each applicant online
- Reduce the lengthy paper-based loan application process
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