Local lender Credit Saison overhauls investment management with new TMS
Published: Feb 2025
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Credit Saison India
Photo of Timothy Liew and Annie Seah, Credit Saison India.
Bhawani Jhanwar
Chief Financial Officer
Credit Saison India (CS India) is a technology-driven neo-lending company that was established in 2018. It is a subsidiary of Credit Saison India Co. Ltd, a Japanese company. CS India’s business verticals include wholesale financing, co-origination financing, consumer financing and SME financing.
The challenge
As Credit Saison India’s (CS India’s) business expanded, its manual treasury operations became increasingly time-consuming. Owing to the growing size of the treasury portfolio, it was becoming difficult and inefficient to manage treasury activities through spreadsheets. The treasury team found themselves dedicating most of their time to transactional tasks, which hindered their ability to focus on higher-level planning and analysis. To address this challenge, a more efficient approach was needed to streamline operations and enhance their capacity for strategic decision-making.
With the company’s growth trajectory and ambitious expansion plans, managing operations with the existing infrastructure was becoming increasingly cumbersome and inefficient. Recognising the need for a transformative approach, CS India’s leadership set out on a bold digital transformation journey.
The solution
CS India decided to implement IBSFINtech’s Treasury Management System. The company required a solution to manage its investments and borrowings to address the company’s treasury automation requirements. The company procured the treasury management solution encompassing investment and debt management modules.
IBSFINtech’s investment module offers a holistic platform that pioneers the complete digitisation of investment and money market instruments. This extensive array provided CS India with the end-to-end management of the following instruments: mutual fund, fixed deposit, commercial paper, bonds, certificate of deposit, fixed maturity plan, government bonds, T-bills, Alternative Investment Fund (AIF), non-convertible debenture/market linked debentures and Fixed Maturity Plan (FMP)/preference share.
Best practice and innovation
IBSFINtech’s solution embodies best practice and innovation through the holistic digitisation of treasury and investment management processes. The innovative Treasury® – Investment module is a pioneering platform that facilitates the end-to-end management of a wide range of investment instruments, including mutual funds, fixed deposits, bonds and government securities.
The module automates critical processes for CS India such as net asset value (NAV) uploads, P&L calculations and compliance with investment policies, ensuring accuracy and efficiency.
By integrating this advanced investment module, CS India has set a new standard for treasury and investment management, demonstrating innovation through automation, accuracy and comprehensive financial oversight. The company’s commitment to digital transformation enables the organisation to optimise its financial operations while adhering to best practices in treasury management.
Key benefits
Cost savings.
Headcount savings.
Process efficiencies.
Increased automation.
Risk mitigated.
Improved visibility.
Errors reduced.
Manual intervention reduced.
Increased system connectivity.
Future-proof solution.
Exceptional implementation (budget/time).
Quality accreditation achieved.
Improved key performance indicator (KPI) metrics.
Bhawani Jhanwar, Chief Financial Officer says, “As part of our digitisation initiative, we sought a solution that would streamline and enhance our treasury operations. IBSFINtech’s solution truly met our expectations and transformed our processes. The platform is intuitive, highly customisable and integrates effortlessly with our banks and existing ERP, allowing us to manage all our asset classes seamlessly.”
The Adam Smith Awards Asia are the industry benchmark for best practice and innovation in corporate treasury. The 2024 awards attracted 406 nominations. To find out more please visit treasurytoday.com/adam-smith-awards-asia
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