How Central Registry of
Securitization Asset
Reconstruction and Security
Interest of India (CERSAI)
used automation to
seamlessly maintain and
operate an error-free
registration system
AT A GLANCE
elimination of
error
AT A GLANCE
Reduction in
manual effort
AT A GLANCE
No duplication
of assets
Live registration number
On-demand scaling up
AT A GLANCE
Annual cost
saving of
approximately
INR 51,75,000
/ ($67852)
Background
Challenges
The manual data management process was extremely complex and time consuming. There was also a substantial risk of human error because of the sheer volume of data involved.
For example, in order to undertake a manual entry of each immovable asset, it involved entering information into 86 data fields on the portal with several validations which could take approximately 10 to 15 minutes per asset registration.
Challenges
The manual data management process was extremely complex and time consuming. There was also a substantial risk of human error because of the sheer volume of data involved.
For example, in order to undertake a manual entry of each immovable asset, it involved entering information into 86 data fields on the portal with several validations which could take approximately 10 to 15 minutes per asset registration.
While batch processing was possible, the results were generated only after 2 days and often with multiple errors and rejection of entries. This led to an additional step of reconciling the failed entries and correctly registering those assets.
While batch processing was possible, the results were generated only after 2 days and often with multiple errors and rejection of entries. This led to an additional step of reconciling the failed entries and correctly registering those assets.
Document handling volume per day was very large
Manual errors and dependencies
Duplication of business-critical engineering documents
Version control issues due to manual interventions
Goals & Objectives
In order to efficiently maintain and operate a registration system for transaction of immovable financial assets the organization wanted to ensure:
1
2
3
Solution
Develop a POC to establish the feasibility
Move to a full-fledged project
Implement intelligent BOT development for log in and data entry with validations on portal
Identify the tab colour to capture errors and take corrective action
Update the database through Excel for each asset’s status
Our team of experts designed the system with safeguards such as:
Mathematical captcha processing
Exception handling
Implement intelligent BOT development for log in and data entry with validations on portal
Fallback workflows
Deriving result inference from colour code
The goal was to ensure that the entire process of registering and validating the asset was robust and ran independently without human intervention.
Our team also configured the process to send alerts of failed entries and email the daily report of successful and failed entries to the administrators.
Outcome
Our unattended BOT completely automated the registration process for CERSAI. The time taken for one asset registration by BOT was 1.5 minutes (90 seconds) as compared to the time taken for manual registration which was 15 minutes.
The BOT eliminated errors, handled exceptions gracefully, saved the CERSAI registration number in database and recovered from the filed data point. It also sent alerts and emailed the daily report to the administrator.
reduction in manual effort
elimination of error
INR 76,29,020
$100,000
reduction in manual effort
elimination of error
INR 76,29,020
$100,000