Invert-Logo
Blue Star’s Entire Accounts Payables Improves by 33% with Procure-to-Pay Process Re-engineering Case Study
Case Study

Datamatics helps UTI Mutual Fund in their Digital Transformation Journey with Paperless Office

uti_logo

UTI Mutual Fund is one of India's biggest Mutual Fund companies and seventh largest asset Management Company in terms of mutual fund QAAUM with more than 11 million live folios.


Industry

Financial Services


Region

India

Challenges

UTI Mutual Fund has a footprint of 160 locations across India with approvers spread in different states. The entire operations of the client were carried out on paper which resulted in delays and reduction in efficiency.

The increasing number of physical paper documents resulted in adding cost to the organization and consumed physical storage spaces in offices across the country.

UTI Mutual Fund wanted to digitize the entire process of document management and create a paperless office, wherein the documents could be accessed digitally and remotely by the employees.

Solution

UTI Mutual Fund chose Datamatics as their partner in their digital transformation journey.

Datamatics implemented its digital workplace solution using OpenText to digitize the documents and the processing of documents in two key processes (Decision & Approval Process and Payment Process).

The digital workplace solution implemented by Datamatics increased transparency within UTI across all the locations which led to agility in decision making process. The solution also digitized the payments of over 20,000 transactions that were carried out by integrating payments to the ERP across various locations.

Download Case Study

Impacts

7000+ Vendors on-boarded to new portal

20,000 Transactions

Digitized leading to faster payments

Faster Document Retrieval

Faster Document Retrieval

Led to increased productivity of the employees

Real-time tracking

Real-time tracking

Of the documents leading to faster processing and increase in the speed of decision making

Reduction in Turnaround time

Reduction in Turnaround time

With digital documents easy access in any location across the country.

Customer Testimonial

"Datamatics has been a key partner for us in this digital transformation journey. The team was very flexible, proactive and innovative. They had a great understanding of the solution. Datamatics implemented the digital workplace solution within a record time of three months and we have greatly benefitted from the solution."

Watch Testimonial →

Raghunatha-Reddy

Raghunatha Reddy
Executive Vice-President & Head IT - UTI Mutual Fund

UTI_mutual_fund_1024

Download this Case Study Now

Just fill this form to download the case study.