Sundaram Infotech Launches SmartLend Lite

Chennai based Sundaram Infotech Solutions (SIS), the IT services arm of Sundaram Finance has launched SmartLend Lite, a customized IT solution that is designed to assist small and mid sized NBFCs and Banks in their retail lending activities.

Developed in Navision 4.0(Microsoft's ERP solution), SmartLend Lite is said to help in automating Application Processing & Credit Appraisal, Lease Creation and Initiation, Disbursements, Debt Collections, Collections Management, among other processes.

SmartLend Lite lends itself credibly with banks for their retail lending portfolio, in addition to automation of Fixed Deposits processes, said SIS in a statement.

Commenting on the launch, Srinivas Acharya, CEO, SIS, stated, "SmartLend Lite imbibes industry best practices derived out of five decades of domain expertise from the parent company, Sundaram Finance. Our intent is to leverage this expertise to establish a strong presence in this segment. The customised IT offering for the NBFCs is expected to completely integrate and automate their systems to handle asset and working capital financing as well as debt factoring, payroll processing, and credit appraisal."

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Some of the features of SmartLend Lite include:

• Customised offering for NBFCs and Banks

• Hassle-free & quick implementation

• Comprehensive user manual

• SIS' functional consultants to train customer staff

• Comprehensive after sales support

• Low Total Cost of Ownership

SIS has already implemented the solution at a NBFC in Punjab and expects to add few more customers to its list before the end of this year.

Besides SmartLend Lite, SIS also offers a range of software services that include development and implementation of software products, consulting and implementation of Microsoft business solutions"Axapta & Navision, data warehousing & business intelligence solutions, web solutions across technologies, network consultancy & management, and facilities management.