We would like to share with you some key highlights of our solution

1.Comprehensive Solution with robust Front/Mid/Back Office module:

iDEAL Wealth & Funds is a complete end to end Investment Management solution with end to end Front/Mid/Back modules. The system covers all operations related to various investments typically undertaken by Insurance companies like equity, mutual fund and bonds. The maturity of the solution assures that the users do not have to worry about how exceptional situations are handled and operations can go live in the shortest possible time.

2.Largest Market share in General Insurance & Quick Go Live:

With 14 General Insurance clients we have over 50% market share and are the No. 1 solution provider’s in General Insurance industry. We are pleased to share with you Go Live for some greenfield projects we have completed like IFFCO Tokio go live in 30 man days, Magma HDIgo live in 41 man days,AIC go live in 75 man days. All projects were implemented on Fixed cost basis. Just to add that we recently upgraded from Credence’s old system to iDEAL Wealth & Funds new version 4.3 for Shriram Life Insurance and went live in a record 24 man days for the entire project.

3.Robust reporting:

Comprehensive reporting module handles all kinds of reporting including Deal Tickets, various back office reports like Cash flow Report, Valuation Report, NAV Report, front office reports for portfolio performance like Fund Factsheet, Holding Reports etc. System supports all regulatory reports and is updated regularly to handle all the new circulars from IRDA.

4.Strong presence in India Insurance segment:

We have a strong presence in the Indian Insurance segment with 21+ clients in Life Insurance, General Insurance and Pension Funds and over 50% Market Share in General Insurance industry. This ensures that Indian Bank. can be assured of ongoing support from a team which has experience in the common problems faced by other customers in the industry. This also enables Indian Bank. to understandindustry wide practices.

5.Strong Delivery & Support Mechanism:

Implementation & support team well versed with local practices for implementing solutions in India. Support team is capable of handling large scale operations like SBI Life Insurance (supporting since 5+ years), Bharti AXA Life Insurance (supporting since 5+ years) and SCOR INDIA Tokio Life Insurance (supporting since 4+ years) to name a few. The robustness of the support practices and structure is also proven by the support provided to customers across various geographies likeBDO Philippines (supporting over 800+ branches), FMIC Treasury (supporting since 5+ years), FSDH Nigeria (supporting since 5+ years), FAMI (supporting over 2+ years) and FMIC Trust (supporting over 2+ years). This assures Indian Bank. of committed support over a long period of time.

6.Upgrades for Market & Regulatory Changes:

Being a financial solution expert, we closely monitor regulatory changes and are very quick in responding to them. We call for a joint meeting with all our clients who are interested to upgrade their system with the new modules and also collect their feedback in process.As a result the changes and developments in client’s process are sustained, the expenses of these developments are shared, we are in good position to understand these changes before hand, also offer upgrades at pace with these changes and maintain our client’s operational efficiency ahead of other vendor’s clients.We offer a single version across all our clients so if any bugs are identified in any system by us or users, they are immediately rectified across all clients.

Our Team at Credence Analytics has always strived to provide our clients industry standard solution and respond to their requirements on an ongoing basis. We are committed to protecting the assets of our clients, their customers and provide industry-leading secure and reliable solutions. We have always treated client’s problems as our own and ensured quicker delivery of solution to empower them to overcome their foreseen and unforeseen challenges. Our service delivery, solution maturity and continuous development have ensured we maintain a high client satisfaction and retention rate. We set high standards for planning, implementation, rigorous and consistent analysis, reporting, change management, documentation and quality assurance reviews. Time and again we have delivered our commitment to deliver solutions on-time on-cost delivery with clear visibility of project status to all Stakeholders during execution. Credence Analytics owns maintains and develops all its software and brings in a matured solution with multiple live sites and highly experienced team for implementation and support.