CIO Insider

CIOInsider India Magazine

  • Anil Bhandari, Chief Mentor

    Anil Bhandari, Chief Mentor

  • The biggest risk is not taking any risk … In a world that's changing really quickly, the only strategy that is guaranteed to fail is not taking risks," What Mark Zuckerberg stated throws light on the fact that risk and business are inseparable. While there are risks that a business deliberately takes to see what's beyond their boundaries, there are many other kinds of challenges, risks and threats that a business encounters without a prior notice. In an era where IT acts as a spine for most business organizations, the advent of mobile, social and cloud technologies has extended the business outside corporate firewalls, creating, in effect, "shadow" IT department. Thus, growing regulatory environment, higher business complexity and increased focus on accountability have led enterprises to pursue a broad range of governance, risk and compliance initiatives across their organizations. However, if these initiatives are uncoordinated in an era where risks are interdependent and controls are shared, the results could not be fruitful.

  • ARCON TechSolutions: Building a Shield against the Risks of the Digital Era

Extending the Benefits of Banking with IT

By: Kalpana Maniar, Chief Information Officer, Edelweiss Financial Services

Technology is fast changing the way we live our daily lives. In the personal space we are already experiencing how the advancement in smart phone technology with the social media revolution has transformed the way we communicate.

IT Invasion in Banking Sector: Convergence of Computing, Communication and Banking

By: Aniruddha Paul, Chief Information Officer, Kotak Mahindra Bank

Indian banking industry, the backbone of Indian economy, is probably the second largest spender of IT.

20 Most Promising Financial Management Solutions and Services Providers - 2017

Pantomath Advisory Services: A One - Stop - Shop Offering Integrated Business, Financial and Corporate Advisory Solutions

By: Mahavir Lunawat, Founder, Pantomath Advisory Services

At a time when India is pushing hard to tell the world it is open for business, talks that largely rule the business world include acquisitions, start - ups, consolidations, overflowing investments, IPOs and importantly the changing regulatory environment.


Mobile and ERP to Change the Face of Financial Service Marketplaces

By: Iype Isac, CTO,

Innovation and adoption of new technologies are the two important factors driving sustainable growth of enterprises.


Business Process Automation to Business Process Transformation - via ERP

By: Prasad Kulkarni, Partner and Head,ERP Advisory, KPMG - India

Products and services pertaining to Enterprise Resource Planning (ERP) have come a long way from automation to revolutionizing the way organizations go about their core functions (finance, HR, sales and operations).


Digital Transformation and Legacy Infrastructure Modernization in Banking Sector

By: Ashu Gupta, Head - IT, PNB MetLife

Banking industry and Digital Technologies are no longer strangers to each other.


Customer Experience Management in the Financial Services Industry

By: Sanjeev Kumar, President & CEO, The Athene Group

Financial Services industry in the US has traditionally been slow to leverage the latest technology trends.


Business Transformation Requires a Modern Solution Set

By: Brion Schweers, VP - Customer Success, Config Consultants

From the beginning, CRM solutions have been sold on the promise that sales automation would result in increased revenue.

  • 20 Most Promising Financial Management Solutions and Services Providers - 2017

    With the aggressive expansion in the number of organizations across the globe, management of finances and accounts is turning out to be an extremely challenging work. Extended working hours, mismatched financial records and audit nightmares have traditionally been a major cause of concern for the people handling it. From fetching real-time, comprehensive financial and operational reports to cost reduction and budget planning, the finance department of an organization is vast and demands proper preparation. Thus, leaving financial management of an organization as a separate task to be handled manually by the finance staff or the treasurer can be an expensive affair for the company, often leaving a scope of transcription error or data duplication.

    Customer expectations from banks, asset management companies and insurers are on the rise. To meet these demands, organizations need sound financial planning and management systems for proper streamlining of invoicing and bill collection, eliminating accounting errors, minimizing record-keeping redundancy, ensuring compliance with tax and accounting regulations, assuring risk and compliance are well managed, helping personnel to quantify budget planning, offering flexibility and expandability to accommodate change and growth, to achieve their objectives of financial organizations. Companies can also use mobility as a tool for creating business advantages and driving business growth.

    Information Technology (IT) performs as a major catalyst in administrative processes, thus, financial organizations readily embrace its use to serve their clients faster and also to do more with less. These advancements in technology are allowing financial management and delivery of banking services more conveniently and effectively than ever before. As technology offers vast opportunities of scale; financial solutions and services make it possible to serve everyone standing in the queue, irrespective of the length of the queue and the variety of needs amongst those queuing up. The use of financial management systems here acts as a bonus to improve efficiency by dramatically reducing the time dedicated to managing document management systems, allowing more time to focus on forward-looking projects.

    IT is turning out to be the fundamental element to every aspect of a business; almost every business is transforming into a digital business, and the need of the hour is to embrace and drive value from technology. Addressing these crucial needs of organizations, CFOs, CIOs, IT leaders, Financial Accountants, creditors, tax authorities, investors, customers and regulatory authorities, ERP Insights brings to you the list of ‘30 Most Promising Financial Management Solutions and Services Providers’ under the categories- Financial Management Software and Solutions Providers; Governance, Risk and Compliance Solutions and Services Providers; Asset and Wealth Management Solutions and Services Providers; Accounting Software and Solutions Providers; Tax Software and Solutions Providers; and Banking and Finance Mobility Solutions Providers. The list intends to help organizations find reliable and professional solutions and services providers to deal with their finance related challenges in the most effective ways.

20 Most Promising Financial Management Solutions and Services Providers - 2017

Company Logo Company Name Company Management Company Description
AdTriva Ad Media: Mobilize Your Customer Relationships adtriva-ad-media Prashant Tapkeer, CEO & Founder A provider of a self-service mobile ad-network for advertising on mobile phones and for monetizing mobile traffic
ARCON Tech Solutions: Building a Shield against the Risks of the Digital Era arcon-tech-solutions Anil Bhandari, Chief Mentor A provider of proprietary unified governance framework, which addresses risk across various technology platforms
Dev Mantra Financial Services: A Sound and Trusted Advisor to Address All Your Financial Challenges dev-mantra-financial-services Vikas Tatia, Director A provider of professional financial services for Insurance Agents and Services, Investment Banking, KPO & Legal Services, Business Establishment & Accident Insurance
Empronc Solutions: Spend Management Simplified empronc-solutions Manish Bazari, Director A provider of Spend Process Management Solution Company, providing Spend Management Software and Expense Management Solution
Focus Softnet focus-softnet Irfan SAQ, Regional CEO - Indian Subcontinent A provider of ERP, CRM, Accounting software, Academic Solutions, BI amongst other solutions
Global SW Innovations: Powering Banking on the Go global sw innovations Aarti Tripathi, Director A provider of Finance & Banking solutions, e-commerce solutions, mobile solutions and web application development
IIFL Private Wealth: Generating Wealth and Cultivating Lasting Relationships iifl private wealth Yatin Shah, Co-Founder & Executive Director A provider of Wealth Management, Asset Management, Multi Manager and end to end services to global investors
Monarch Infotech monarch-infotech Sunil Rajai, Founder A provider of ITAX Full Spectrum Income-tax Software, MFAT-Financial Accounting Tools Solution & Inventory Solution, MVAT-Gujarat Commercial TAX Software, MTDS-TDS Management with E Filing, SER20TAX-Service Tax Online Return
NODE Technologies: Powering Sales on the Go node-technologies Tito Vatapilly, CEO & Co- Founder A provider of mobile based sales enhancement application to solve day to day problems in the CRM and Salesforce management
Pantomath Advisory Services pantomath-advisory-services Mahavir Lunawat, Founder A provider of integrated business, financial and corporate advisory solutions to varied sections of society including SMEs and large corporate enterprises
Paybooks: A One Stop Solution for Payroll and Compliance paybooks Samira Rao, Co-Founder and Director A provider of an online platform for Payroll, Compliance and Employee Benefits
Pioneer Financial & Management Services Ltd. pioneer-financial-management-services-ltd Manoj Agrawal, Director A provider of Risk Management, Third party Implementation, Visual Data Analytics, Compliances, Governance, AML, OFSAA, Mantas, Risk Management, Core banking and Treasury on cloud
ProInd Business Solutions: Minimize Risks and Be More Productive and Organized proind-business-solutions Harinder Singh, Director A provider of Statutory Compliance, Legal Process Management solutions, Legal Services, Customized Development on Microsoft Products and IT Advisory
Ramco Systems ramco-systems P. R. Venketrama Raja, Vice Chairman A provider of solutions for General Accounting, Fixed Assets Accounting, Management Accounting, Global Taxation Solution
Relyon Softech Ltd relyon-softech-ltd H S Nagendra, Co-Founder & Director A provider of "Saral TaxOffice - Compliance Partner" is a complete Taxation software solution for a Chartered Accountant [CA] or any Tax Practitioner
Sage Software Solutions Pvt. Ltd. sage-software-solutions-pvt-ltd Mateen Shaikh, Senior Manager Marketing A provider of Sage CRM for Wealth Managmenet companies
Sundaram Infotech Solutions Limited sundaram-infotech-solutions-limited Deepa Ramesh, CEO A provider of SmartLend Lite- Financial Mgmt. Solution (For Small Business), Enterprise Solutions, Business Solutions and Lending Solutions
Syosys Technologies syosys-technologies Sijosh Kk, Head Marketing A provider of Software Development, ERP, Accounting & Inventory Software, Web Design & Development, Online Promotion & Social Media and Mobile App Development
Tejora Technologies: A Banker's Best Technology Partner tejora-technologies Nitin Shenoy, Chairman & MD A provider of Bespoke Product Development, Product Support & Maintenance, Testing & Validations, Technology Consulting, Staffing Solutions for BFSI sector
Wings Infonet Limited wings-infonet-limited Ajay Gandhi, Managing Director A provider of ERP web-based, Retail ERP -Web-based, Accounting Software, Automobile Dealer Management Software

Past Issues

  • Intellect Seec: Insurtech Company Making Exponetial the New Normal

    Pranav Pasricha