RP Sanjiv Goenka Group

Sub Industry: Asset Finance



Who will win in the brave new world of financial services?

Jamie Dimon, Chairman and CEO of JPMorgan Chase, recently told analysts he was “scared sh*tless” of the threat fintech and big tech pose to his industry. This hugely respected banker at one of the most highly valued banks in the world is clear that his competitive set has changed. He

3 steps to enhance invoice processing efficiency through Intelligent Automation

71% of finance professionals still cite manual data entry and inefficient, error-prone, time-consuming processes as their key pain points. Processing an invoice, takes anywhere between 4.1 to 16.3 days per invoice – from receipt to payment approval. Ardent Partners’ Accounts Payable Metrics That Matter in 2020 report reveals that while

Why it makes sense to standardize processes before deploying RPA

Many companies design RPA implementations to support their ‘as-is’ processes, without evaluating or standardizing the existing process map. As a result, they achieve modest savings at best, and in most cases forego the opportunity to dramatically improve process outcomes, quality, costs and turn times. If you’re considering an RPA implementation

£130M reduction in risk exposure at UK bank’s invoice finance division

The challenge: To make it less costly and risky to serve clients well One of the UK’s largest banks provides invoice finance solutions to thousands of clients, servicing 30,000 lending transactions a day. The bank’s invoice factoring and discounting operations ran on inflexible, legacy platforms and mainframes. The client-service team had to

Firstsource delivers cost savings of $3 million for top UK Bank

Background The client is one of the largest banks in the UK and provides commercial financing solutions to businesses, including factoring, invoice discounting, asset-based lending, asset financing and more. As a market leader in the commercial finance segment, the client has a 16% market share that translates to £3.7 billion.

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