Vardhaman Credit Cooperative Society – Improving Access to Finance with FinCraft™ Door - Step Banking

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1. Client Vardhaman Credit Cooperative Society Profile Vardhaman Credit Cooperative Society (Vardhaman Nagari Sahakari Pathasanstha Ltd.) is one of the leading Small…

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  • 1. Client Vardhaman Credit Cooperative Society Profile Vardhaman Credit Cooperative Society (Vardhaman Nagari Sahakari Pathasanstha Ltd.) is one of the leading Small Credit Organization in Rural India. Scope of Engagement The Project Scope included the implementation of following surround solutions and Delivery Channels:  Door Step Banking(DSB) application for tab/mobile (Native app)  DSB middleware application for fixed location agents and branches The Challenge  Outdated Legacy Solution  Higher TAT of operations: Fund Collection  Delayed realization of investment made  The practices internally like real-time GL updating, EOD/SOD process are not standardized  Decentralization of data and Risks in Regulatory Compliance Key Highlights  Business Process Management of Client through consulting and solution (Core Solution and Mobility Based Door Step Solution)  Migration of Data from Legacy System  Implementation in 12 Branches in 10 Weeks  Implementation of Payroll, Share Accounting and Investment Modules in Head Office  Build Data Center and Integration with SMS Service Provider Success Story Vardhaman Credit Cooperative Society – Improving Access to Finance with FinCraft™ Door - Step Banking
  • 2. Benefits  70 agents appointed each with Tablet  100-150 No. of Pigmy Collection Per Agent Per Day, INR 50,000 Per Agent Per Day  2 Minute Per Transaction Processing Time  Paper Less Receipt delivery on SMS to customer  Better Control and Monitoring About Vardhaman Vardhaman Nagari Sahakari Pathasanstha Ltd. Was established to bring a change in standard of living of a common man, through the cooperation. Recently, institute has completed 18 years now. Major highlights of the institute is 0% NPA indicates the successful financial journey of the institution. About Nelito Nelito Systems Ltd. is engaged in the business of providing software solutions and services for Banking and Financial Services. Formed in the year 1995, Nelito has served more than 200 customers in 16 countries across 4 continents and earned a unique reputation for its personalized solutions and cost effective implementation with its esteemed customers, industry peers and independent research firms. Nelito provides Affordable Excellence through Digital Consulting and Solutions. Know More For more information on our services, visit our website: www.nelito.com or drop us an email at: marketing@nelito.com Disclaimer: All content & information provided is a proprietary of Nelito Systems. Available content is subject to change at any point of time with discretion remaining exclusively with Nelito Systems Ltd. The content may be viewed and made available for use with strict adherence to our disclaimer policies posted at: www.nelito.com
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