<p>IT major Infosys Ltd on Monday unveiled a financial software solution it coded for helping banks to support and serve their small and medium enterprise (SME) customers.<br /><br /></p>.<p>"Our mobile-based financial and business management solution is designed to help SMEs experience banking services on the move and manage their business operations efficiently," the global software major said in a statement here.<br /><br />Touted to be the first of its kind, the company's flagship product, Finacle SME Enable solution, will help SMEs access their account information real-time and provides tools to manage their daily business operations in a self-service mode.<br /><br />"As SMEs contribute significantly to the national gross domestic product, convenient banking services and cost-efficient operations are key growth drivers for this segment," Infosys vice-president Michael Reh said.<br /><br />Banks have an opportunity to get a loyal customer base in this segment by providing digital banking solutions, along with an integrated support for their business needs.<br /><br />"Our solution will enable SMEs grow businesses through features such as enterprise setup, automated banking transactions in supply chain, credit management, social connect, integrated alerts/analytical tools for financial management, and channels to seek expert advice," the statement said.<br /><br />Integration of the Infosys TradeEdge, a cloud-based retail trade platform, with the SME solution will also help SME clients obtain visibility into their inventories and sales transactions.<br /><br />"For banks, this will mean a reduction in time and effort required to serve SME customers," Reh added.<br /></p>
<p>IT major Infosys Ltd on Monday unveiled a financial software solution it coded for helping banks to support and serve their small and medium enterprise (SME) customers.<br /><br /></p>.<p>"Our mobile-based financial and business management solution is designed to help SMEs experience banking services on the move and manage their business operations efficiently," the global software major said in a statement here.<br /><br />Touted to be the first of its kind, the company's flagship product, Finacle SME Enable solution, will help SMEs access their account information real-time and provides tools to manage their daily business operations in a self-service mode.<br /><br />"As SMEs contribute significantly to the national gross domestic product, convenient banking services and cost-efficient operations are key growth drivers for this segment," Infosys vice-president Michael Reh said.<br /><br />Banks have an opportunity to get a loyal customer base in this segment by providing digital banking solutions, along with an integrated support for their business needs.<br /><br />"Our solution will enable SMEs grow businesses through features such as enterprise setup, automated banking transactions in supply chain, credit management, social connect, integrated alerts/analytical tools for financial management, and channels to seek expert advice," the statement said.<br /><br />Integration of the Infosys TradeEdge, a cloud-based retail trade platform, with the SME solution will also help SME clients obtain visibility into their inventories and sales transactions.<br /><br />"For banks, this will mean a reduction in time and effort required to serve SME customers," Reh added.<br /></p>