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Empronc

Empronc

Empronc

About the company

Empronc Solutions, headquartered in Mumbai, India was incorporated in 2004 by a group of IT professionals with the aim to develop apps for segments such as business intelligence, travel management, and payment controls. Their vision was to build an organization that would compete with the leading business solution product companies globally. With a strong foothold in the spend management technology, today, Empronc Solutions empowers businesses by addressing their operations, processes, compliance and workflows related requirements. Being a customer focused, process centered and reliable organization, Empronc delivers sustainable and innovative solutions to primarily enhance financial productivity, compliance and cost savings across client businesses.

Current market landscape

A large number of enterprises still have traditional processing of routine transactions, which consumes lot of time and efforts. Moreover, these manual calculations are often misread or misinterpreted. Enterprises with huge headcounts have multiple categories and processes where spend management becomes a challenge. They look forward to a solution that can allow mobility based transaction to be seamlessly integrated within their corporate app framework while ensuring transparency in spend management and spend compliance. This surging demand is attracting huge investments in mobile application development space.

Addressing the market needs

Empronc provides a robust framework to ensure visible excellence and progressive agility. Company has varied products which compliment for non banking and core banking, as well. Their offerings have been templatized thereby enabling organizations to achieve 90 percent of the targeted benefits within a period of 3-4 months.

Services

Empronc Solutions’ flagship product, a real time Enterprise Spend Governance solution, BAZ, incorporates a robust spend management framework. BAZ is a complete solution for internal financial control, accounts table, operation procurement processes and effectively streamlines the entire spend process from initiation to payment. The solution seamlessly integrates with any existing financial system and works well with or without an ERP deployment.

Advantage of having a solution like BAZ is that it compliments standard ERPs of standard core banking. The solution eliminates the pre-processes that exist and get those assets incorporated into the processes quickly. With BAZ, the category definition gets streamlined across the acquisition of the assets. The vendor resources also get trimmed down, thus increasing synergies and benefitting companies immensely.

Differentiating Factors

For more than a decade now, the company has been emphasizing on efficient and on time product and service deliveries thereby assuring that they operate on near six sigma quality standard. The solution facilitates optimization of the chain management process depending upon the scope and requirements of the clients.

Empronc has core expertise with customer experience allowing them to treat their processes in a manner that will enable them to use their software more effectively. Implementation of BAZ, reduces the probability of implementing outsourcing. This module is very useful for asset acquiring companies. Manufacturing plants too, initiate their invoices in Empronc’s systems. Moreover, Empronc’s whole query management solution is standardized, controlled and auditable, adding the whole turnaround time analysis. This is arguably the first manufacturing implementation which allows geographically spread manufacturing plants to have a centralized payment services solution with only one scanning and indexing resource available at each plant.

Security challenges are often cited as a reason that banking sector is hesitant to move their computing to the cloud. Adhering to this, Empronc has built BAZ on private cloud to make sure that the data is secured, accurate and streamlined. While rendering organization wise on-line visibility and integrity of their budgets, spend and financial data, the solution also ensures anytime- anywhere accessibility. Being an AI enabler, Empronc has also designed spend control and spend analysis software.

Growth Figures

With its deep rooted domain knowledge, Empronc has successfully deployed solutions across various industry verticals. Their core focus is to help customers increase employee centricity, Vendor partner relationships, productivity, Governance, compliance and efficiencies around these processes while reducing risk, wastage and fraud.

Company has successfully deployed the solution complementing CBS for Banks, ERPs for non-banking customers in Logistics, Manufacturing, Financial Services, Insurance (Life/Health/General) and others. Recently, Empronc Solutions has successfully integrated the Ratnakar bank’s processes in a corporate app that allows mobile based approval for all pending items vendor empanelment process or expense approval processes etc.

Successful implementation usage statistics:

  • More than 4800 physical locations
  • Over 200,000 Users
  • Around 27.5 lakhs Transactions/Annum
  • About Rs. 6,500 crores Transaction value / Annum
  • Horizontal across industry verticals

Future Plans

Empronc already has a web app developed for mobility and right now, they are working to develop a new framework which will be more tablet oriented delivery. The company has plans underway to expand their margin, volume, and horizontal growth. Having geographically spread across 2000 plus locations, Empronc aims to become a key provider of productized service.

Quick Facts

1) Year of founding: 2004 

2) Founding members: Manish Bazari, Director

3) Office locations: Mumbai

4) Company strength: 201-500 employees

5) Websiteempronc.com