siliconindia | | OCTOBER 20229The bank achieved 20-25 percent improvement in delivery cycle leading to enhanced revenues, and 100 percent fraud prevention by eliminating fraudulent sale reporting by the dealersThe full-fledged solution will also integrate with auto manufacturer systems and ensure that data stays with the respective owners (dealers, bank, manufacturer and many) and there is no leakage.IMPACT & HIGHLIGHTSThe solution brought better efficiencies in dealer financing. It enabled sales-based financing (against to the current consignment-based financing) leading to quicker processing of invoices by at least 50 percent. The bank achieved 20-25 percent improvement in delivery cycle leading to enhanced revenues, and 100 percent fraud prevention by eliminating fraudulent sale reporting by the dealers.
< Page 8 | Page 10 >