Centrum Financial Services Deploys Encore Theme’s Supply Chain Finance Solution
“The cutting-edge solution also enabled Centrum to cut down on its turnaround time (TAT) and enhance its service delivery KRAs”
Centrum Financial Services Ltd. (CFSL), the leading Non-Bank Finance Company operating with the aim to assist mid-level businesses scale up their operations has announced the deployment of Encore Theme’s supply chain finance solution to augment its business processes.
As supply chain which is a volume intensive product comes as a core process for Centrum’s NBFC business, the company was eyeing an end-to-end solution which could handle multiple processes via a straight through method.
Speaking about the requirement, Mr. Inderjit Camotra, Executive Vice President, Centrum Financial Services said, “We were looking for a solution which could make our ‘Fit for Growth’ strategy achievable. Encore Theme’s system has strong capability of handling multiple invoices within the same batch as well as multiple batches for the same client.’’
Speaking on the occasion, Mr. Narayan Viswanathan, Executive Director, Encore Theme Technologies said, “Our Supply Chain Finance solution completely automates the supply chain finance process, linking the buyers, suppliers and the bank within one intuitive web-based system which collects, verifies and displays payables data for trade and settlement in a real-time, secured environment.”
Encore Theme’s solution is robust enough to handle large volumes enabling businesses to scale up their operation organically as well as inorganically without being worried about the system or infrastructure. It meets the dynamically changing business requirements of banks and supply chain management to manage stiff competition, reduced margins, larger volumes and increased customer expectations effectively.
Summing up the value added by Encore Theme’s solution Mr. Inderjit Camotra said, “Encore Theme has learnt from market and developed a superior product. So when Centrum comes into supply chain, we leapfrog into next generation product. It helps us save on people, operational costs and provide better quality of service. Our turnaround time goes up, service delivery KRAs look better and at the end of it the client is happy.”
About Encore Theme Technologies
At Encore Theme, we provide core business software solutions focused on both funded and non-funded businesses of banks and financial institutions. ThemePro, the flagship product suite of Encore Theme, provides tailor-made solutions for Home Finance, Retail & Corporate Lending for NBFCs and Supply Chain Finance. We are the fastest growing Premier Select Partner of Finastra Infusion global partner program and has achieved this by successfully implementing front-to-back Trade Finance solutions for over 50 banking sites in more than a decade of partnership with Finastra. With the Software as a Service (SAAS) model of engagement we take full ownership of software solution hosted with our credible infrastructure partners and ensure that our customers can focus entirely on their business.
With over 50 banks and financial institutions as customers across over 30 countries, we have over 250 domain and technology professionals working for us. With a decade of investment in building our human capital with our own ‘Theme Academy‘, we ensure our customers get a not only a strong technology partner, but also some of the best minds in industry working for you.
About Centrum Financial Services Ltd.
Centrum is a diversified financial services organization with deep experience in financial markets. It has expertise across the Equity & Debt spectrums with capabilities in Equity Capital Markets, M&A Advisory, Corporate Finance & Advisory, Primary & Secondary Debt Placement, Project Finance and Corporate Debt Restructuring.