Dr. Burman Family Office Leads the Way in Digital Treasury Transformation
The Dr. Burman Family Office represents the promoter family of Dabur India Ltd., one of India's largest FMCG companies, founded in 1884 by Dr. S.K. Burman. Over the decades, Dabur has grown from a small-scale Ayurvedic medicine company into a multinational brand offering a wide range of healthcare, personal care, and food products.
Challenges
• Adapting to complex and ever-changing regulatory requirements and aligning investment policies can be challenging, leading to potential gaps in compliance and risk management.
• Persistent integration problems due to inconsistent API standards between banks and financial systems cause delays and inaccuracies in real-time transaction processing, affecting operational efficiency.
• Manual and separate systems for managing investments lead to inefficiencies, time wastage, and complications in decision-making.
• Generating accurate and timely reports on investment metrics and monitoring risky investments across portfolios is complex and prone to errors.
Benefits
• Increase in Investment Returns: The company achieved higher investment returns with a unified data platform, saving hours in inter-departmental work and processing
• Time Reduction: Time spent on downloading and checking emails for daily investment decisions based on fund performance has been greatly reduced
• Risk Tracking: Tracking and checking risky/highlighted securities in the portfolios of all schemes, or those in which the client has invested, has become more efficient.
• Policy and Compliance Monitoring: Policy and compliance monitoring has transitioned from manual to automated tracking with configurable policies. IBSFINtech alerts exceptions and breaches, enhance tracking and prevention
• Enhanced Reporting: IBSFINtech's reporting simplifies monthly MIS preparation by eliminating complex calculations and minimizing errors.
• Consolidated View: The 360-degree visibility offered by the solution ensures the team doesn't miss any viable investment opportunities.
• Operational Shift: The manual operation of treasury has been fully shifted to a seamless, integrated platform.
• Real-Time Fund Visibility: Real-time visibility of fund positions and the ability to invoke the investment policy are now possible.
• Standardized Processes: Documentation, approvals, and funding application processes have been standardized.
Client Feedback:
Gaurav Chamaria, Principal Investments, AMBA Holdings-
"IBSFINtech's solution is simple to use, very customizable, and parameterized. The main factors in our decision to select IBSFINtech were its capacity to manage all asset classes on a single platform for our investment management, as well as its demonstrated integration capability with numerous banks and pre-existing accounting applications. The implementation went quickly and smoothly. The IBSFINtech platform provides industry best practices and includes all the intricate capabilities required to solve the crucial treasury function. The implementation team's expertise in the industry and practical technical skills enabled us to quickly deploy the solution. We are optimistic that this solution will significantly benefit our treasury operations given its vast features. We are pleased with our decision to use IBSFINtech for treasury automation."