Collabera
 
Enterprise Software Solutions
Enterprise Integration for one of Asia's largest public sector banks with more than 1000 branches.
The Client
One of Asia's largest public sector banks with more than 1000 branches.
Business Challenge
Operations of the Provident Fund Trust, Pension Fund Trust and Investment Management of these two trusts in the bank needed to be integrated with SAP. Legacy applications made redundant by this exercise would also have to be retired.
Solution
Collabera did a complete requirement analysis before designing, developing and implementing the solution. All transactions were enabled with dual officer control. Customized reports and forms were also provided as part of the solution. The solution made it easy for the trustees to meet statutory norms in the distribution of investments. This module supports all processes such as investment, incentive marking, interest receipt and redemption. The entire solution was run in parallel with the legacy applications for three months to confirm the accuracy of the solution delivered. After which the legacy applications were retired.
Benefits
Elimination of errors in the legacy application and the retirement of legacy application led to a significant reduction in total cost of ownership. The increased visibility provided by the implementation also significantly improved operational efficiency.
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