Finance Company
AT A GLANCE
Turnaround time reduced to
day
AT A GLANCE
AT A GLANCE
Reduction in
effort
AT A GLANCE
Annual cost
saving of
approximately
INR 2,29,16,250/
($300,000)
Background
Challenges
Due to the large volume of transactions, multiple teams were assigned to complete the tasks.
This caused:
Turnaround time of 7 days
Errors while manually downloading and organising files
Inefficient use of manpower and reduced productivity
The teams had to manually download and rename the files; create folders by date; clear the transactions from the second cycle of the previous day; process transactions from the first cycle of the current day; decrypt and process files according to format and upload the files.
Goals & Objectives
1
2
Completely eliminate human errors.
3
Eliminate duplication of records
4
Solution
Login to the portal and download all the files
Create folders by date
Organise all the files according to format
Decrypt pgp files using the pgp tool
Upload files to the server and then to DCRS website
Outcome
day
Elimination of
errors
Reduction in
effort
Annual cost
saving of
approximately
INR 2,29,16,250/
($300,000)
day
Elimination of
errors
Reduction in
effort
Annual cost
saving of
approximately
INR 2,29,16,250/
($300,000)