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Accounts Receivables Automation Case Study
Case Study

A Leading NBFC reduces Recovery Time Objective by 67% by Migrating to Cloud

Client

The client is a new-age financial services institution focused on providing credit to small businesses and consumers.

Industry

Banking & Financial Services

Region

India
Cloud-2

Challenges

The NBFC had Production & UAT Accounts with Windows & Linux Servers running for their workloads. Initially the accounts had challenges in terms of Security, Cost, Time, Server Monitoring etc.

The Security Groups were accessible from anywhere & that increased chances of attacks/intrusions. Common ports & database ports were open to all.

Solution

Datamatics conducted an assessment of the existing business processes, AR operations, and technology environment and implemented a solution, which comprised ERM powered cash management solution to provide a single point of contact for both, the customer, and the accounting team and seamlessly integrated various ERP systems using ERM solution.

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Impacts
20% Reduction in cost of operations

20%

Reduction in cost of operations
50% Reduction in turn-around-time

67%

Reduction Recovery Time Objective
20% Reduction in cost of operations

$20,000

Savings for 2020-2021

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