SAP advices as technology partner for all future financial services initiatives
SAP NEWSBYTE — April 27, 2015 — SAP India, a subsidiary of SAP SE (NYSE: SAP) today announced that Adarsh Credit Co-operative Society Ltd, a leading multi-state credit co-operative society, has chosen SAP solutions for financial services with clear goals: faster development and introduction of new products and meet increasing customer demands by shaping solutions to fit the realities of the modern-day financial service institution.
This implementation enables Adarsh Credit Co-Operative Society Ltd to improve the accessibility of customer information and empower its customers to conduct financial transactions on a user-friendly and cost-efficient application platform. Adarsh Credit Co-Operative Society Ltd. becomes one of the front running customers to leverage the strength of SAP solutions for the financial services institutions.
With a reach of over a million members across India through its branches and advisors network, Adarsh Credit Co-operative Society Ltd serves customers based in remotest areas of India. They needed technology solutions that supported their vision of financial inclusion at any time or place across India. Their team already runs SAP Mobiliser that helps them empower the low income population with simplified cash collection procedures and secure transactions conducted over mobile device.
The financial services sector has always been a key focus for SAP India to deliver innovative products and services which can further upward organizations to unlock growth opportunities and better serve customers with new-age technology. SAP solutions for the financial services sector are designed to support customer centricity, real-time processing and standardization while enabling faster product innovation.
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 282,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com
Adarsh Credit Co-operative Society was founded in 1999 with the primary objective of uplifting the social and financial status of its members by inculcating saving habits among them through the spirit of co- operation and providing technical and financial support. As on March 31, 2015 the organization has more than 800 branches PAN India with a deposit base of INR 5,139 crores (Unaudited) and loans deployed of more than INR 5,523 crores (Unaudited). The principal function of Adarsh Credit is to provide financial services to its members and to reach the nook and corner of the country. For more detail please visit: www.adarshcredit.in