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Modernizing Finance: ERP Migration Success for a Leading NBFC

Transforming Traditional Accounting into Intelligent ERP Solutions

In a competitive financial services environment, operational agility and accuracy are critical. A leading Non-Banking Financial Company (NBFC) sought to modernize its financial infrastructure by migrating from a legacy system to a robust ERP platform. Partnering with Wisecor, the company achieved seamless system transformation, improved data reliability, and enhanced business scalability

ERP Migration: Tally to Sun System

Execution Mode: On-site at client premises

Primary Goals: Automation, Accuracy, Compliance, Scalability

Client

The client is a diversified NBFC offering multiple financial products and services. With operations expanding rapidly, their existing Tally-based system lacked the flexibility and analytical depth needed to support their evolving financial management and compliance requirements.

Scope of work

Wisecor deployed a dedicated ERP implementation team comprising one Chartered Accountant and two Senior Executives. Our approach included: •Detailed Process Mapping: Understanding client workflows and defining key performance areas for migration. •Customized Migration Plan: Tailoring Sun System configuration to fit NBFC-specific reporting and compliance needs. •Data Integrity Validation: Ensuring accuracy and consistency during every phase of migration. •Comprehensive Support: Delivering on-site assistance and issue resolution to guarantee operational continuity. Through close collaboration, Wisecor ensured a smooth transition with zero operational downtime and full system adoption within one year

Geography Serviced

The engagement was executed on-site at the client’s premises in India, ensuring real-time collaboration, quick issue resolution, and alignment with regional NBFC compliance standards

Industry serviced

Financial Services Wisecor’s extensive experience with financial institutions helped deliver a tailored ERP solution that addressed the unique operational, regulatory, and reporting needs of the NBFC industry.

Client Challenges

The client faced significant hurdles in managing growing data and financial complexity:

  • Outdated Tally system with limited scalability and automation
  • Manual processes leading to reporting delays and inconsistencies
  • Difficulty maintaining data accuracy across multiple financial operations
  • Lack of centralized financial control and real-time reporting
  • Need for a modern ERP solution to enhance compliance and decision-making efficiency

Wisecor’s Solution

Wisecor deployed a dedicated ERP implementation team comprising one Chartered Accountant and two Senior Executives. Our approach included:

  • Detailed Process Mapping: Understanding client workflows and defining key performance areas for migration.
  • Customized Migration Plan: Tailoring Sun System configuration to fit NBFC-specific reporting and compliance needs.
  • Data Integrity Validation: Ensuring accuracy and consistency during every phase of migration.
  • Comprehensive Support: Delivering on-site assistance and issue resolution to guarantee operational continuity.

Through close collaboration, Wisecor ensured a smooth transition with zero operational downtime and full system adoption within one year.

Impact Generated

Wisecor’s intervention created measurable and lasting impact for the client:

  • Streamlined Financial Processes: Faster data entry, validation, and reporting cycles.
  • Enhanced Accuracy: Reduced errors and improved confidence in financial data.
  • Operational Efficiency: Simplified workflows enabled better team productivity.
  • Scalable System Architecture: Future-ready ERP framework supporting growth.
  • Improved Compliance: Stronger financial control and transparent reporting.

Outcome

By partnering with Wisecor, the client successfully transformed its financial system into a modern, compliant, and growth-ready ERP environment. The new system empowered management with real-time insights, ensured data-driven decision-making, and established a solid foundation for future expansion.

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