Birlasoft leasing and lending framework empowers banks/ financial institutions to streamline and automate their end-to-end lease/loan origination process.
Service offerings
Our Solution
Birlasoft brought its process expertise with experience in leasing and lending domain to understand the existing process of the client and recommend changes to implement the one touch solution. The solution included following approach:
- Real time integration with Leasing/Lending Origination application and SalesForce
- Automated decision analysis workflows
- Product related document generation and automatic sharing the documents on emails
- Integration of more than 18 external systems with CRM and realization of more than 25+ integration points
- Efficient handling of 30-40 transactions per minute
- Replacement of SoA based solution framework from legacy/EDI based solution framework
- Ability to speedily implement rules and regulatory changes
Business Impact
- Cycle time reduction from 16 hrs. to ~10 mins
- Application replacement resulted in annual savings of USD 1M+
- Reduced integration points to 17 applications down from 80
- 30% increase in ROI as a result of application replacement
- 15% Business volume increased as a result of automated process and real-time integration
- Improved decision quality through real-time data availability
- Automated process removed chances of human errors
- Uniform and fast implementation of rules and regulatory changes
- Better adherence to risk and compliance
Differentiations
- Strong domain expertise in financial business processes
- Flexibility to adapt changes and eagerness to venture into new initiatives
- Rich experience of supporting applications for lending/ leasing landscape
Why Birlasoft
Birlasoft helps organization to build and manage the Leasing and Lending platform used by some large banks and financial arms of industrial orgs. We have implemented our One -Touch solution to streamline the leasing and lending origination process and provided end-to-end automation covering all the essential sub-processes to be executed as part of origination with real-time integration with Loan/ Lease Origination Application and Sales Force. This application replacement resulted faster turnaround time by reducing cycle time from 16 hours to just 30 seconds and increase in business volume by more than15%, in addition a saving of more than $2.8M annually for our esteemed client.
We support companies in discovering hidden opportunities, determine specific use case, and return on their investments through our value discovery, which is a perfect amalgam of our expertise on industry, domain, and technology.
Success Stories
Leading bank revamps anti-money laundering framework to reduce false positives by 20%
US based financial services major reduces lending cycle time from 16 hours to 10 minutes through Birlasoft’s One Touch platform
US private label cards major overhauls CRM platform to improve customer support efficiency and drive faster regulatory response
Indian banking major implements internet banking solution for best-in-class customer experience
European merchant banker builds fraud detection platform and quadruples its annual cost savings
Testimonial
"The deployment was successful, and we are live with Touchless! This is a tremendous accomplishment and one that could not have been done without the support of every team that "touches" Touchless. Thank you for the focus and continued stellar work. This could not have been done without your expertise, dedication and support.”