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Integrated Incentive Management Process - Niyogin, India
- Fintech
Integrated Incentive Management Process - Niyogin, India
Implemented bpmEdge based solution “Automation for Incentive Management Process” for a Fintech company for managing the incentive payout given by applying incentive plans to input collected from the LOS system to their business partners around PAN India.
The Client
Niyogin Fintech Limited – BSE/NSE Registered Firm
Fintech finance company based at Mumbai, India
Industry
FINTECH (NBFC)
Challenges
It was always very challenging and error-prone to manage, apply the plan and calculate the payout of incentives to the partners in a timely manner as per various incentive plans and status of loan application referred by the partner.
Solution
PERICENT BPM Team has implemented a complete end-to-end solution on top of the bpmEdge BPMS platform by integrating with Loan Origination System for the status of loans referred by the partners at the end of every month. The incentive amount gets calculated by applying various applicable incentive plans with help of a decision matrix, and business rules. After calculating the incentive amount it goes for multiple approvals and also let the approver split the payment to be paid to the partner if required. Then, the approved amount gets directly pushed into the bank for payment.
Business Benefits
Definitely, this solution has made it easy to manage the payout of incentives, which are well-calculated as per various incentive plans, which also reduced the human efforts and satisfied partners due to timely incentives payment.
Technology Used and Architecture
bpmEdge BPMS – A comprehensive business process and rules automation and management platform
Purchase Order Generation Process, Niyogin Fintech Limited, India
- Fintech
Purchase Order Generation Process, Niyogin Fintech Limited, India
It was always a very challenging, time-consuming, and error-prone process for the generation of a purchase order manually as it requires a lot of checkpoints, budget approval, shortlisting of vendors based on various parameters depending on items to be purchased, and also multi-level approval.
The Client
Niyogin Fintech Limited, India
Industry
NBFC
Solutions
Pericent team has successfully implemented a solution for automation of purchase order generation process from collecting the quotation from the vendors, rating the vendor based multiple parameters, then taking it through multiple approvals and finally generating and emailing the approved purchase order to the selected vendor email address.
Business Benefits
This solution has automated the purchase order generation process reduced the human efforts, and time to process a purchase order.
Process Model
Technology Used and Architecture
bpmEdge BPMS – Enterprise-class Business Process Automation and Management Platform
Invoice Processing, Niyogin Fintech Limited, India
- Fintech
Purchase Order Generation Process, Niyogin Fintech Limited, India
It was always a very challenging, time-consuming, and error-prone process for the generation of a purchase order manually as it requires a lot of checkpoints, budget approval, shortlisting of vendors based on various parameters depending on items to be purchased, and also multi-level approval.
The Client
Niyogin Fintech Limited, India
Industry
NBFC
Solutions
Pericent team has successfully implemented a solution for automation of purchase order generation process from collecting the quotation from the vendors, rating the vendor based multiple parameters, then taking it through multiple approvals and finally generating and emailing the approved purchase order to the selected vendor email address.
Business Benefits
This solution has automated the purchase order generation process reduced the human efforts, and time to process a purchase order.
Process Model
Technology Used and Architecture
bpmEdge BPMS – Enterprise-class Business Process Automation and Management Platform