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Modernization of Banking & Financial Industry through ERP Implementation

The two words that send shivers down a banking and financial industrialist’s spine probably are error and data breach. The major hurdles they work hard day in and day out to stay away from. Digitization has inarguably disrupted every industry as we know it for the better. The case is not different from the banking and financial industry either. But even after years of modernization, many banks and financial enterprises struggle to keep their act together. ERP for the banking and financial industry leaves no room for errors and effectively addresses privacy concerns. The application collects, stores, and interprets data all the while keeping the client information intact.


Key Features of an ERP System for the Banking
& Financial Industry

  • Cloud Storage
  • Concurrent tracking
  • Analysis and Reports
  • Scalability
  • Close Monitoring at ATM Counters
  • Enhanced Customer Experience
  • Data Privacy
  • 24*7 Operation
  • Logical Decision Making
  • Department Integration
  • Accurate Transactions

ERP system provides integrated, intelligent solutions for banking and financial companies through a digital platform.

ERP For Fintech

Optimised ProcessesIntegrated TechnologiesService Driven Banking

Digital Customer Experience

  • Omnichannel Banking
  • Customer Service
  • Data Driven Intelligence


Banking Operations

  • Payments
  • Remittances
  • Innovations

Finance & Risk Management

  • Data Driven Decision
  • Financial Planning & Analyst
  • Account for Financial Installment

Benefits of ERP Implementation in the Banking
& Financial Sector

When a bank holds more than one office, it is crucial that effective communication is facilitated between these branches. People expect bank branches under the same financial institution to acknowledge their interactions. Advanced ERP software for the banking industry will integrate all branches under a bank and the departments under each of these branches, update the real-time status of transactions and facilitate streamlined workflow.

When the operations and transactions through a bank are controlled and monitored by an ERP system, the human limitation that entails in grave errors and loss can be dealt with to a great extent. There are no missing transactions or technical distortions.

The major feature that prompts banking and financial institutions to shift to an ERP-based management system is the low overhead cost that comes with reduced time cycles and enhanced productivity. Since all operations are automated, the H.R department can operate strictly confined to the budgets. All operations are automated, saving, not just labour costs, but also management costs since reports and analytics are now generated automatically.

All departments under a bank are closely monitored via the centralized workstation that comes with an ERP system designed exclusively for banking & financial enterprises. Since all operations are automated, it becomes really easy to check the staff performance or the current state of the business. The management can track the status of each and every transaction. The customer data is recorded, updated, and organized in a cloud-based database, thus enabling pulling out any info as soon as they are asked for. The real-time reports generated by the ERP system will assist the enterprises in developing futuristic business plans.

The survival of any banking business is dependent on the rate of customer retention. ERP systems for banks and financial institutions will relieve customers from going through a lot of painstaking processes to get their things done. The diverse features of the ERP modules will ensure that customers can conduct a majority of transactions from the comfort of their homes. They can easily access bank policies and information at the touch of a button eliminating the need to get down to the bank in person.

If a bank intends to stay in the business for the long run, it is crucial that it adapts to the changing market conditions and strictly adheres to the statutory regulations that come with it. The earlier the adaptation takes place, the less severe the legal and economic repercussions will be. A sophisticated ERP system for the banking and financial industry can help us with this transformation. The ERP system will evolve and customize itself to meet the changes with efficiency and implement it across all departments of the bank.

Banking and Financial ERP Modules

Innovative Solutions to Stay Ahead of the Pack


Analytical Accounting

The core of the ERP for banking and financial institutions, this module links all activities that involve cost and revenue. The operations of the bank Read More >


Asset Management Module

Assets belonging to customers who own physical properties are managed and tracked using this dedicated module. Chances of overpayment in Read More >


Payment Management Module

Encoding and approving payments are controlled by this advanced module featured in an ERP system for banking and financial institutions. Banks use Read More >


Staff Operations Management

Another back-office module of a modern ERP system for the banking and financial institutions, Staff Operations Module manages all Read More >


Customer Relationship Management (CRM)

The importance of maintaining a strong relationship with customers in the banking sector cannot be stressed Read More >

Why Choose Our ERP System for the Banking and
Financial Industry?

Prolitus ERP solution with customized modules to suit the requirements and preferences of your banking or financial institution is going to be a game-changer for your business. It’s undoubtedly a one-stop solution to your operational challenges, complex data volumes, and security concerns. Whether your banking enterprise spans across the room or around the globe, we have got it all covered for you. We conduct a comprehensive analysis of your business, goals, and specialization before recommending the best package confined to your budget.

We are an award-winning team of certified experts who are constantly working to leverage the full potential of the ERP system for the growth and expansion of businesses. Here are a few factors that make our ERP the best in the banking and financial industry.

  • Futuristic
  • Operational Excellence
  • Accurate Transactions
  • KPIs for Smart Decision Making
  • Cost-efficient
  • 100% Success Rate in Implementation
  • Superior User Experience
  • Integration of Latest Regulations
  • Scalability
  • Tweaked to meet the requisites of your enterprise

Prolitus brings to you a comprehensive Hospitality Management ERP that can leverage the operations of your business and make the above benefits a reality. To know more about how complexities in hospitality management can be tackled effectively to save time and money, call us Today for a free demo!

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