VSoft Core Banking Soln To Improve ABEC Productivity

VSoft Technologies, a provider of process improvement solutions for financial institutions, has implemented SuVikas, its Core Banking Solution, at Andhra Bank Employees Co¬op Bank (ABEC). With this implementation, ABEC will be able to improve its decision-making capabilities by streamlining its Management Information System (MIS), which has been mostly manual till now. The bank will also be able to offer innovative services such as SMS alerts to its customers and generate various RBI Reports faster and more efficiently.

B V V Kondala Rao, chairman, Andhra Bank Employees Co¬op Bank, said, “Our primary aim in implementing a Core Banking Solution was to improve productivity that would translate into better customer service and subsequently additional revenue for the bank. We also wanted to make our MIS capabilities more effective and efficient. VSoft’s SuVikas was a complete solution for all our challenges.”

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George Verghese, vice president, Sales, VSoft Technologies, said, “We are very glad to partner with ABEC in their efforts to improve customer service and achieve enhanced growth. We are confident that our solution will address their IT problems and ensure that their systems and processes work well to give them the required competitive edge.”