Non-Banking Financial Companies NBFC refer to a huge range of companies including loan providers, stock consultants, traders, insurance providers, leasing houses and so on. These companies have partnered with Greysoft from time to time for Application Development, Workflow solutions, and RPA.

NBFCs have more market reach as they penetrate deeper into the villages and small towns, even a small time self-employed individual may need an equipment loan or an insurance policy which makes NBFCs a big potential when it comes to the volume of target-customers.

While traditional banks are more prevalent in cities, NBFCs are more active in the small towns and because of the NBFCs door-to-door approach, they have reached the grassroots level when it comes to a customer-centric approach.

At Greysoft we have been working with NBFCs for the technology implementation in their back-office, middle office, and front-office business operations.

You can view an RPA Case Study here for more information on the RPA implementation.

Digital Transformation

During early days, businesses used to follow a "production approach", where things were produced and sold to masses. Then came "sales approach" where more things were produced and forced into high sales. This approach was considered the best until the "marketing" approach was introduced recently. This approach emphasizes that companies need to understand their "markets" or "customers" before designing their business processes. Today, armed with this understanding of markets, companies are trying to be more effective, internally as well as externally, using software and technology.

In the last two decades, businesses have seen a massive shift in how they communicate internally and externally using software-technology. In this quest for companies to touch their customers at multiple points and to minimize the complicated business processes, "digitization" is playing a major role. Organizations, today, want to be agiler in their business workflows and reach-time to market.

At Greysoft, we help these companies with transforming technology solutions, so that they can focus more on their core business.