CHENNAI: Sundaram Infotech Solutions has announced the formal launch of SmartLend Lite, a financial management solution built on the Microsoft Dynamics – NAV platform that easily integrates with MS Office and any windows based applications.
The solution will be available on a ‘Software as a Service’ (SaaS) rented model through a monthly subscription based on the number of users. As part of the initial roll out of the solution, the company has already bagged 3 India-based NBFCs (Non-Banking Financial Companies) as clients.
Going forward, Sundaram Infotech will target small and medium sized NBFCs in India, Sri Lanka and the Middle East with its customized solution.
On the company’s foray into the SME segment of NBFCs, Malli J Sivakumar, CEO, Sundaram Infotech, said, “SmartLend Lite is targeted at NBFCs that prefer a pay per use model for implementing a financial management solution. We believe that the lack of high initial investment into our software solution will be an attractive proposition for NBFCs.