NeST Digital’s CASBA Solution Modernizes Enterprise Financial Services for Kerala’s Largest Government Financial Services Provider, With $7 Billion AUM & 650 Branches Nationwide
NeST Digital’s CASBA Solution Modernizes Enterprise Financial Services for Kerala’s Largest Government Financial Services Provider, With $7 Billion AUM &
650 Branches Nationwide
Business Overview
NeST Digital provided a state-of-the-art enterprise financial system solution, CASBA (Core Application Software for Business Accounting), for the largest Government Financial Services Enterprise in Kerala, India.
With an Asset Under Management (AUM) of about US $7 billion, the client has an employee strength of 6000+ & 650 branches across India.
Challenge
The client faced a significant challenge of inefficient handling of services through a non-integrated application environment, which was proving to be costly due to the organization’s exponential growth. Apart from this, the client also faced the following problems:
High operational costs due to the non-centralized financial system
Delayed processing time due to manual processing and lack of automation
Increased chances of errors due to manual intervention
Solution
NeST’s solution, CASBA, transformed the client’s existing application setup into an all-integrated environment. The solution exceeded their expectations by accommodating Business Process Re-engineering (BPR) requirements.
Solution highlights:
- Centralized CORE Accounting & Data Management
- Straight-through and simplified processing
- Faster turnaround time
- Reduced human errors
- 24/7 availability
- Controlled environment
- Effective MIS reporting
Value Delivered
NeST’s CASBA solution delivered a centralized CORE Accounting & Data Management system, which streamlined the processes, resulting in faster turnaround time and reduced human errors. The new system provided 24/7 availability and a controlled environment for effective MIS reporting.
The Centralized CORE Accounting & Data management system led to cost savings
Straight-through and simplified processing resulted in faster processing time
Reduced human errors led to improved accuracy
24/7 availability resulted in improved customer satisfaction
Effective MIS reporting helped the client make data-driven decisions
Overall, NeST’s CASBA solution transformed the client's non-integrated financial system to be more efficient and cost-effective, resulting in improved customer satisfaction and cost savings for the organization.
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