Nelito provides the full spectrum of Enterprise reporting solution for Banking and Financial services (BFS) segment. FinCraftTM Enterprise Reporting provides the insights that decision makers need in order to make timely, better-informed decisions while taking care of regulations.
FinCraftTM Enterprise Reporting solution helps banks and financial organization in creating reports as per the prescriptions of the governing regulatory body.
FinCraft Enterprise Reporting provides end-to-end or stand-alone solution for:
FinCraftTM ADF is a time-tested and proven solution. It is implemented and under live operational use successfully in multiple banks in India. It is an Automated Regulatory Reporting System for Banks designed in view of Reserve Bank of India (RBI) mandate for implementation of ADF (Automated Data Flow) reports.
By adopting such an automated process for submission of returns, the bank is able to submit accurate and timely data to the regulator without any manual intervention. The automation of data flow also benefits the banks in terms of improved timelines, enhanced data quality, improved efficiency of processes, reduced costs and the use of the CDR (Common Data Repository) for internal MIS purposes.
FinCraftTM MIS ADF is designed based on the End-End Conceptualization of RBI, which comprises of the following Process elements:
ETL extracts data, transforms values of inconsistent data, filters data and loads cleansed data (received from source system) into a target database. It is also capable of scheduling of ETL jobs and interlinking other ETL jobs.
In this module data is cleansed through our data cleansing process and then is stored in CDR (Central Data Repositories) which will form the single source of Information for all regulatory returns.
This Module converts the data stored in the CDR to the prescribed formats using pre-defined business rules. The data conversion will be in the form of individual Database tables created. The Data Conversion Module will also perform validations on the data to ensure accuracy of the returns.
The Data Submission Module in the FinCraft ADF Framework is a single transmission channel that will ensure secure file upload in an STP (Straight through processing) mode with the reporting platforms. This layer uses automated system driven triggers or schedulers, which will automatically generates and submits the returns as stipulated by regulatory body.
Fig: FinCraft ADF Solution Architecture
Conversion of regulatory reports into XBRL Format is performed through our XBRL engine which acts as a bridge between Bank's internal data systems and the regulatory returns system.
This internal data could be either in text files, excel reports or directly from the database. This Application helps Banks to generate XBRL instance in a ready to submit state. Some of the key benefits are:
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We have successfully made Nelito's Fincraft Software for NBFC live in early March for LOS,LMS and Sanjiv Khalkho, Arijit Chakraborty with his team have been very instrumental in making this software live . I would like to appreciate on the turnaround time during the go live phase of the team in getting some of our key requirements done and helping our users to use the software for recording and disbursing all the sales from the software.
In technology side I would like to praise Pramod Navale and Ganesh Khetmalis for in depth knowledge of the product and their technical skills is outstanding. Looking forward for the continued relationship for our next release and whole of 2018.
"Nelito has Good knowledge of industry. Good customer orientation. They were Flexible and Open to new ideas and suggestions."
"For a Bank of our size, this system suffices and is very cost effective. Almost all of the bank’s activities run on the one system. Nelito constitutes a partner more than a supplier and the relationship includes provision of the bank’s underlying technology as well as its Fincraft range of applications."
"The best mix of functionality and technological support and our vision of “Cash Less and Paper Less” work environment for Sonata has come true with our technological partner Nelito. I highly recommend FinCraft Core Microfinance platform and especially integrations with a number of third party services."
"Nelito has successfully deployed the Online Reporting and Management Information System (ORMIS), which has streamlined the reporting process and their analysis. Its team is responsive, provided satisfactory support and has sound expertise to deliver time sensitive & critical projects. Exemplary team work."
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Exemplary relationship set by Nelito’s PCS team which helps project to grow vertically. We have always been very impressed with the quality of service we have received from Nelito. They are reliable efficient professional and above all truthful. This alone sets them out from much of their competition.
"E-district Manipur project was undertaken and successfully implemented by Nelito in a record time. The online services offered under this project has made a marked difference in the quality of life of the citizens and is taking the state towards a digital Manipur."
"On 20th of November 2016 our bank data was migrated to FinCraft and we have completed one year successfully in FinCraft. So we thank all the team members of both IFTAS and Nelito for your great co-operation in this success. We expect more & more co-operation in implementing new technologies in banking sector from your side in future."
"My bank is working with Nelito from the last about 9 Years and the services provided by the company may prolong our association."
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"Bank has implemented CBS of Nelito Ltd in the year 2008-09 in phase manner. Also integrated RTGS/NEFT, CTS, MMS etc. which help us in smooth automation of banking operation."
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"Everything was successfully implemented and tested. The implementation was professionally done in a very efficient and cooperative manner. Migration was very smooth."
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