(MENAFN- KNN India) IT major Infosys Ltd has unveiled a financial software solution for helping banks to support and serve their small and medium enterprise (SME) customers.
"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," the global software major said in a statement.
The first-of-its-kind, mobile-based financial and business management solution - Finacle SME Enable - is exclusively designed to help SMEs not only experience banking services on the move, but also manage their business operations efficiently.
SME Enable is a unified application for both banking and non-banking services aimed at helping SMEs run their businesses efficiently. It will provide a bank's SME customers real-time access to their account information and relevant financial management tools to manage their day-to-day business operations in a self-service mode.
The solution will enable SMEs to grow their businesses through a host of features such as enterprise setup, automated banking transactions in supply chain, credit management, social connect, integrated alerts and analytical tools for financial management, and channels to seek expert advice.
Integration of the Infosys TradeEdge, a cloud-based retail trade platform, with SME Enable will help SME clients obtain complete visibility into their inventories and sales transactions, along with seamless integration of banking services.
Stressing that SMEs today constitute a significant share of gross domestic product, Senior Vice President and Global Head, Finacle, Infosys, Michael Reh, said convenient banking services and agile and cost-efficient operations are key growth drivers for SMEs.
He said banks have a great opportunity to gain a loyal customer base in this segment by providing relevant digital banking solutions, along with an integrated support for their business needs. Finacle SME Enable fits right into this niche and can be a game changer for banks.
SME Enable is designed to integrate rapidly with other enterprise banking systems, resulting in quick deployment and faster go-lives. (KNN Bureau)
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