How a Global Financial services (NBFC) Leader Streamlined Treasury Operations and Achieved Real-Time Insights

A fully owned subsidiary of Credit Saison Co. Ltd , a Japanese financial services company and third largest credit card issuer in the world with 36 Mn card holder. Credit Saison India headquartered in Bengaluru, is currently operating in 4 verticals wholesales financing, co-origination financing, consumer financing & SME financing.

Challenges

• All financial activities related to cash, investment and borrowing were done manually.

• All accounting entries related to investment & borrowing activities were entered manually in the oracle ERP.

• Month end accruals and provisioning entries were entered manually

• The manual activities exposed the entire function to indefinite risk, without any control over the function across the organization.

• To optimize the time and effort invested in manual workflows and redundant tasks

Benefits

• 50% Reduction in Period-End Reporting Timelines: Streamlined processes have cut reporting times in half.

• Real-Time, Reliable Insights: Management reporting and analysis are now supported by prompt and dependable data.

• Accelerated Decision-Making: Enabled rapid, informed decision-making with quick data access. Decisions are now made swiftly and with agility and responsiveness.

• Minimised Manual Work: Significant reduction in reliance on individuals and manual tasks driving unparalleled operational efficiency and productivity.

• Increased Accuracy and Reliability: Achieved a substantial improvement in data accuracy, minimizing errors and boosting reliability.

• Scalable Operations: Scaled operations effectively, accommodating growth without the need for additional personnel.

• Improved Compliance and Control: Operations are more regulated and controlled.

• Efficient Audits and Regulatory Inspections: Streamlined audits and regulatory inspections and efficient compliance experience.

Client Feedback:

Bhawani Jhanwar, Chief Financial Officer, Credit Saison India

"As part of our digitization initiative, we sought a solution that would streamline and enhance our treasury operations. IBSFINtech solution truly met our expectations and transformed our processes. The platform is intuitive, highly customizable, and integrates effortlessly with our banks and existing ERP, allowing us to manage all our asset classes seamlessly. Owing to the dedicated support and the expertise of IBSFINtech team, the deployment was remarkably smooth. We've noticed significant reduction in our period-end reporting timelines, gained real-time, reliable insights, and accelerated our decision-making. It greatly reduced manual tasks, improved data accuracy, and enabled us to scale efficiently without needing additional staff. Moreover, it has enhanced our compliance and streamlined audits"