Cranes Software Bags BR.net Order From L&T Finance

Cranes Software, a company that provides Enterprise Statistical Analytics and Engineering Simulation software products and solutions, has bagged a BR.net order from L&T Finance, a wholly-owned subsidiary of L&T that provides financial products and services for trade, industry and agriculture.

BR.net is a high-end, Web-based banking solution specifically catering to the needs of non-banking financial companies (NBFC) and Microfinance Institutions (MFI).

BR.net is developed from a decade-long experience of working closely with MFIs and financial institutions. A scalable solution, BR.net is highly parameterised to support varied nature of operations in microfinance across the globe. Developed to offer flexibility, this solution enables an organisation to achieve increased productivity, better operational efficiency and improved customer service. BR.net is a special offering from Cranes Software in partnership with Craft Silicon.

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Citing it as a natural extension to their agri-loans, L&T Finance identified microfinance as yet another opportunity and selected BR.net for its microfinance operations initiative.

"L&T Finance was looking for a Web-enabled microfinance lending solution, capable of supporting multi-branch, multi-location operations and quick scalability and a vendor and implementation partner with an established track record. BR.net, offered by Cranes Software in partnership with Craft Silicon seemed to fit the requirement perfectly," said N Suryanarayanan, head-Corporate IT, L&T Finance. (LTF).