On Monday Infosys Ltd unveiled a financial software solution it
coded for helping banks to support and serve their small and medium
enterprise (SME) customers.
The global software major said in a statement :
"Our mobile-based financial and
business management solution is designed to help SMEs experience banking
services on the move and manage their business operations efficiently,"
Finacle SME Enable
solution, allows SMEs to access their account information at real-time and also
provides tools to manage their daily business operations in a
self-service mode.
Infosys vice-president Michael Reh said :
"As SMEs contribute significantly to the
national gross domestic product, convenient banking services and
cost-efficient operations are key growth drivers for this segment,"
"Our solution will enable SMEs grow
businesses through features such as enterprise setup, automated banking
transactions in supply chain, credit management, social connect,
integrated alerts/analytical tools for financial management, and
channels to seek expert advice,"
Banks
will have an opportunity to get a loyal customer base in this segment by
providing digital banking solutions, along with an integrated support
for their business needs.
Integration
of the Infosys TradeEdge, a cloud-based retail trade platform, with the
SME solution will also help SME clients obtain visibility into their
inventories and sales transactions.
"For banks, this will mean a reduction in time and effort required to serve SME customers," Reh added
