The Finance and Insurance industry are facing challenges post the financial meltdown due to increasing security requirements, regulatory norms and increased compliance burden. The industry is experiencing rapid changes with increased customers’ expectations, introduction of new and emerging technologies such as digital and mobile against traditional models, declining returns on investment and increased regulatory norms.
Financial service companies need reliable and secure systems to build loyalty among customers and gain profitability in order to drive growth against stringent challenges. Companies need to increase their business agility by anticipating customer needs and offer an engaging user experience to develop profitable customer relationships and secure new opportunities to stay ahead of competition.
TatvaSoft has gained expertise in delivering highly secured financial software which manage and operate on confidential and secure financial data, transactions and messages (e.g. SWIFT messages) following country specific regulations and laws. We leverage our software development experience and finance domain knowledge for developing custom applications which smoothen their accounting activities, enable better management of financial documents, determines baseline service cost, gives a detailed insight about the cash flow, and improves decision making process and last but not the least assists in making accurate forecasts.
For Insurance companies, it is essential to devise innovative and efficient solutions across the insurance value chain – from product development, marketing to sales. They need to optimize policy administration, claims management and re-insurance. The companies must continuously innovate to keep pace with the ever-changing markets, they should simplify their IT systems and redesign their business strategies catering to the 21st century model. They must refine their performances and ensure compliance.
TatvaSoft’s end-to-end custom software development services empowers our clients to overcome the above mentioned challenges. These solutions will facilitate effective management and maintenance of risk profiles, will enable improved monitoring and control over the risk costs, centralization and mobilization of the information will become easy, operational costs will be streamlined, will ensure conformity and at last will augment the overall organizational productivity and performance.
The global financial industry has experienced challenges post the financial meltdown. Growth in this industry has become a challenge due to Increasing security requirements, regulatory norms, increased compliance burden, pressure to manage prices with greater efficiency and pressure to provide superior customer service. The Australian financial services industry is even more demanding than ever – customers are savvier, regulatory norms are tighter and competition is fierce. Customer experience is becoming the real differentiator in financial services industry.
For financial services industry, offering simple and automated banking services is no longer enough.
Financial industry companies can utilize outsourcing services to position themselves for higher and sustainable growth. Outsourcing can help companies to achieve growth & value and not only remove short-term costs. Companies can effectively use outsourcing to address urgent priorities such as cash flow, cost management, liquidity and growth.
Tatvasoft’s financial services group brings deep industry knowledge, world-class technical capabilities and effective project management services for each segments of financial industry to address challenges core to their business. With extensive expertise in custom software development and advanced IT technologies, our consultancy team can bring a solid service portfolio and business solutions expertise to help financial companies with secure and reliable system development and improve decision making.
The Australian Insurance industry is facing rapid changes. This has caused many insurance companies to rethink and redesign their business strategies. The insurance companies see growth in expanding in emerging markets, create innovative products and services to address varying consumer demographics and optimize operations while meeting tight regulatory norms.
For insurance industry companies, it is essential to apply innovative and efficient solutions across the insurance value chain – from product development, marketing to sales and optimizing policy administration, claims management and reinsurance. The companies must innovate to keep pace with ever-changing markets, simplify their IT systems environments and redesign their business catered to 21st century model. They must improve performance and ensure compliance.
Insurance industry companies can utilize outsourcing services to position themselves for higher and sustainable growth. Outsourcing can help companies to achieve growth and value and not only remove short-term costs. Companies can effectively use outsourcing to address urgent priorities such as cash flow, cost management, liquidity and growth.
With more than a decade’s experience of Insurance industry, Tatvasoft helps you address these challenges and opportunities through legacy modernization and business transformation, application management and outsourcing services that adapts to the changing technology landscape and business demand. Tatvasoft brings world-class technical capabilities and effective software development services for each segments of Insurance industry.
- Buying and selling of currency that include purchasing traveler’s checks, deposit and withdrawal, daily cash, foreign payments etc.
- Accounting and credit card payments
- Integration with banks and auditing firms
- Centralized tracking of financial accounting of multiple companies, cost of centers and currencies
- Flexibility to manage various account activities of due diligence, budget, balance, credit, debit etc.
- Real time consolidation of multiple charts of account
- Support electronic banking transfers, automatic invoicing and cheque book details
- Handling bank reconciliation processes
- Accounting specific features that includes maintaining details on bank transfers, bank portfolios, bank notices and adjustments, letter of guarantees etc.
- CMMI ML 3 Software Development Company
- Microsoft Gold Certified Partner
- 14+ Years of IT Experience
- Intellectual Property Rights protection
- Approach to build long term relationship
- Global exposure and diverse expertise
- Onshore-offshore model
- Proper Hierarchy & Escalation path
- Expertise on diverse technologies & domains
We will contact you at the earliest to further discuss your project requirements in detail.