"Risk Management and Operational Excellence "

Strategically, when we opted for “MF BIZConnect” project, we have framed the business context with the UN tapped market success can be used through our available reach and strengthen speedy service,to empower the business capabilities through expected business capabilities using BITS solutions mandate using defined BITS principles with the available mobile governance at affordable financial management with the combination of management verse executive - Verse, the corporate customer metrics. When the solutions through mobile enabled through BITS services, using the enterprise architecture on defining the various process changes through the available resource to get trained educated and start monitory the base and macro benefits towards executive summary.

The impact of the issues faced and set of process enabled and empowered the risks involved to read very clearly and amend the procedures to be more specific and without any additional deployment,extracted more detailed context for cross multiply for different right tasks directed to capitalize on reach and speed service. BITS played two types of business empowerment; first one is in the informing of the business strategy.(ex: through flash animation communication to internal customers who are all targeted). The second one is making the Biz connect strategy happen on time.

More detailed plans are derived when we went very closer to the customers and amend or change to adopt to fix more direction to sustain the speed steady growth even when you come across any alarm which is not focused due to natural calamities have enriched through more stocks since the conditions are focuses and planned triggered for creating and reviewing the transformation at the expected levels focused through innovation.

Envisage BITS strategy as a discipline & timely that defines huge value to our company through BITS enterprise and the directions it will take to deliver build a brief complete rural focus deliverable success consisting of the demand with better control and serve the information to both internal external customers timely. This has enabled the team to get from affordable efforts towards good work made everyone to survival of the fittest in times of great change.

For us we relayed more on the rural,the environment and society has to be friendly otherwise gives value for money very high risk to take timely information for an opportunity, with this in mind, using the available infrastructure and kept the business motto "DO Din me badle din" i.e. within two days you will get the disbursement on hand. Our executives can bid up to 48 hours to ensure the service through the BITS innovation including smarter electric alternate power generators the customer loyalty is alignment for best business success. All BITS staff has to ensure directives as per business direction and have aligned the reach and speedy deliverable with clear purpose.

A neatly de-script of the plan to get from as-is to be stated the available and focused fundamentally and elaborated using the current and future BITS operations including the provided budget services catalogs people resource available at last mile application through multi-lingual complete business focused BITS strategy.

Submission: the demand gets the business with technology solutions contribute a differentiation. The monitory part will have effectiveness and efficiency through best controls. The infrastructure and people available resource at the last mile to fix define to deliver better results. Using effective efficient summary to handle risks incurs while opting the detail path to set through.

Data Matters: a division of BITS software

The Various Analytical Report requirements are kept increasing at all levels.  Everyone wants to see the same report indifferent angle with some minor changes. Although the presence of BI tools& other Reporting tools had helped this requirement addressed to some extent there seems to be huge gap even after this.

A simple solution for this gap in reports requirement given in all software products including ERPs like SAP,oracle etc is extracting detail level data to Excel/CSV formats. These data in detail are downloaded to the user’s local computer on a time to time to bases and various pivots and filter reports are built based on that for
their requirement. The Justification given for this simple solution is Users find it easy with handling the data. Sounds Good? But have we noticed the Risk involved in this model?

The actual truth is Most of the BI could not be implemented completely as the requirements are not visualized at the implementation stage.  Normally, a small team (Implementation Team) gathers the requirements from various users and consolidates that as the requirement.  KRA for implementation is with the implementation team only and not with the users who give the requirement.  Hence the seriousness is lost.  Result is the simple solution of data extraction continues even after BI implementation.

Who should bell the cat?  It is the Technical team who is aware of these risks to create the awareness among the users on these risks.   We at BITS, Mahindra Finance had initiated a new division to take care of these issues.  BITS Division is initiated as DATA MATTERS.