Mumbai, 16th January, 2014: InfrasoftTech, a specialist software products & services provider for global financial enterprises, today announced the successful go-live of their OMNIEnterpriseTM Lending Solution at Al Yusr Installment Company. Al Yusr is the leader and one of the fastest growing companies in Saudi Arabia in the space of auto finance, with a current portfolio size of more than SAR 4 billion with operations spread over the entire country.
“This was truly an exciting & challenging engagement and we look forward to extending & strengthening our IT partnership with Al Yusr group. They are a large and extremely reputed player in Saudi Arabia in auto finance. It is our privilege to help expand their business with OMNIEnterpriseTM Lending Solution. We are confident our solution would help Al Yusr to automate most business processes which will assist them to grow multi-fold, reduce the time from application till delivery and provide quick customer services. This would further strengthen competitive positioning of Al Yusr in their retail & corporate business and will also help to achieve other internal barometers of performance for Al Yusr”, said Hanuman Tripathi, Founder & Group Managing Director, InfrasoftTech.
OMNIEnterpriseTM Lending Solution is a complete enterprise wide solution catering to loan origination, management, collections, Insurance and CRM. The solution supports lease and instalment based asset financing for Retail and Corporate business, supports risk based pricing, dynamic workflows to support product wise business requirements and supports the best of champion and challenger strategies for collection. Additionally, the solution supports dual language i.e. English and Arabic, adheres to Saudi Arabian Monetary Agency rules and policies, provides online enquiry to SIMAH (Saudi Credit Bureau) fetching the complete bureau report along with the score. Importantly, the solution is customised to meet specific needs of Islamic Finance principles of Ijarah thumma al bai’ and Ijarah-wal-iqtina.