UK-based Lloyds Commercial Finance (LCF), a provider of Invoice Finance, Asset Finance and Asset Based Lending, has implemented 3i Infotech‘s Kastle Onboarding Solution, a rich workflow-based Credit Approval application to streamline and automate its business processes in the Commercial & Industrial market segment.
The software has been successfully rolled out at LCF’s 12 regional centers across the United Kingdom. Kastle™ Onboarding Solution GoLive is a key milestone for LCF’s Commercial Finance Transformation program, with a vision to maintain and grow LCF’s market share in this segment.
Under the scope of this engagement, 3i Infotech has successfully deployed the first phase of the solution by mapping the business process for onboarding new prospects. Automating elements of the existing process is a major benefit that LCF has derived with Kastle™ Onboarding.3i Infotech have also helped in the transitioning from a legacy system.
Commenting on their breakthrough win in the UK, Gurjeet Oberoi, 3i Infotech Ltd, Europe said “When we first started our Interaction with the Lloyds Commercial Finance Team, they were looking at a comprehensive solution which could lead the way for their technological revamp, to bolster their team’s performance & gain deeper market penetration, which became a great opportunity for us to showcase our end to end solution Kastle ULS..“
3i Infotech has integrated its Kastle Onboarding Solution with LCF’s existing CRM system enabling a seamless 360 degree customer view. The solution has improved the turnaround time for processing new applications, and has also improved the productivity of the organisation’s workforce.
Kastle™ Onboarding will help transform LCF’s core business through process automation and enabling better control, by generating & monitoring legal documents through its workflow engine, which is integrated with LCF’s Enterprise Document Management System. 3i Infotech has also built Dynamic Management Information reporting, powered by SAP Crystal Reports.
Incorporated in 1993, 3i Infotech provides a comprehensive set of IP based software solutions for a variety of industries including Banking, Insurance, Capital Markets, Asset & Wealth Management (BFSI).