Accelerated Growth With Digitized Automotive Finance in Cloud
Sai Point Finance Corporation Limited (SPFC) is one of the fastest growing Non Banking Finance Companies (NBFC) in India for two-wheeler finance. It is the finance arm of Sai Point Group, which is the largest dealer of Honda two-wheelers in India, serving more than 150,000 customers from 19 outlets in 3 cities.
SPFC needed an advanced technology platform that would enable a unique customer experience, improve business agility and reduce time to market. To establish a new benchmark in customer satisfaction while expanding their business quickly, SPFC wanted to digitize and automate their lending processes. SPFC chose to deploy FinnOne Neo in the cloud for its flexibility, reliability, cost optimization benefits, advanced data security capabilities and ease of operational access. SPFC enjoyed significant business value with this implementation, including the below:
- 65% Growth in loan portfolio
- 70% Increase in loan processing within 3 months
- 40% Increase in loan collections
- 9X Reduction in loan processing time
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