BANGALORE, December 15, 2016 /PRNewswire/ --
- Designed to Reduce Enrolment Time and Give Instant Provisional Credit Limit Approvals
- Expected to Significantly Simplify Enrolment Procedure and Increase the Rate of New Dealer Enrolment for smelending.com Loans.
- Completely Paperless Document Collection Process That Runs off a Mobile Phone and can be Completed in Less Than 2 Minutes.
- App Does Real-time Credit Scoring and Mandatory CIBIL Check Before Giving Dealer Instant SMS-based Approvals of Provisional Credit Limits.
Innoviti Payment Solutions announced the roll out of their new Dealer Enrolment Mobile App for accelerating the pace of enrolment of SMEs on their smelending.com platform.
(Logo: http://photos.prnewswire.com/prnh/20151009/10132317 )
With the introduction of the new Dealer Enrolment Mobile App, the company expects to significantly enhance dealer experience by cutting down the turnaround times. Typically the cycle time for physical submission of dealer documents leading to a provisional credit limit approval under Innoviti's smelending.com program, required on average 2 field visits and up to 10 days to complete. In contrast, the new app enables the same process to be completed across the table in a manner of minutes. Using this application, Innoviti's field representative can visit the dealers at their premises and complete the entire smelending.com enrolment process via simple touches on his mobile phone enrolment app. The completely digital enrolment process encompasses capturing the dealer's profile details, photographing his KYC documents on the mobile phone for uploading, registering dealer consent for undergoing mandatory CIBIL check and submitting the completed enrolment form for instant processing.
For the dealer, this greatly reduces the paper work and time taken to fill up application forms and arranging multiple copies of his KYC documents. Once the application is submitted via the app, the dealer can receive an immediate status update via SMS confirming provisional credit limit approval - even before the Innoviti field representative leaves his outlet.
To enable the instant application status updates, Innoviti has set up a strong back-end system for aggregation of data coming in from multiple enrolment devices in the field. The account opening details get uploaded on Innoviti's server platform and the provisional credit limit approval is provided basis smelending.com proprietary credit scoring model and mandatory CIBIL check results.
"smelending.com today helps over 30,000 merchants in more than 30 cities with easy loans to grow their business. Our new Dealer Enrolment Mobile App will further simplify the enrolment process for smaller dealers, and greatly enhance their user experience by reducing the waiting period for knowing status of their enrolment application," said Ms. Amrita Malik, Business Head, New Business Initiatives at Innoviti. "With Instant Dealer Enrolment done at their own doorstep, we are revolutionizing a manual, cumbersome and time-consuming enrolment process in to an efficient digitally driven, centrally controlled paperless operation," she added.
Release Annexures
For more on smelending.com, check:
https://www.youtube.com/watch?v=ogBJSalJmuY
About Innoviti Payment Solutions Pvt. Ltd.
The official homepage: http://www.innoviti.com
Innoviti Payment Solutions Pvt. Ltd. (formerly Innoviti Embedded Solutions Pvt. Ltd.) has been a pioneer in the use of technology to solve real-world payment acceptance problems of merchants. Using its indigenous developed technology and constant innovation, Innoviti has delivered differentiated solutions for payments automation, consumer credit distribution and SME lending that have become a benchmark in their markets. Innoviti processes over Rs. 12,000 Cr. of payment transactions annually including Rs. 1000 Cr. of credit. Innoviti's smelending.com is #1 in the segment of SME lending, processing over Rs 500 Cr. per year. uniPAY is India's only omni-channel payment platform for managing payment automation. The company has won the Deloitte Asia Pacific award three years in a row and the Red Herring Asia award twice. Innoviti is backed by marquee investors such as Titan Company (JV between Tata Group and TIDCO), Catamaran Ventures and New India Investment Corporation, Canada.
Media Contact:
Sarath Chandra Nerella
Marketing Manager
Innoviti Payment Solutions Pvt. Ltd.
[email protected]
+91-7795348478
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