How Microfinance Industry benefits from Tableau?

  • 23 November 2020
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Microfinance SAP industry

The microfinance industry has been instrumental in transforming the lives of millions of rural families.  This industry has been making strides to the exponential growth of the Indian economy. But, it has often been confronted with its set of challenges like credit analysis, risk management,  inadequate investment validation, and so much more. 

To mitigate these challenges, it is imperative to play smart and invest in a robust BI software such as Tableau. The software empowers microfinance institutions to analyze credit risks in the form of fraud, and focus on the key vitals of business. The software breaks down the complexity of disparate data and delivers actionable insights faster and profitable outcomes. It helps in making competitive risk decisions and solves a range of use ­cases from credit and market risk through smart intelligence. 

Loan Risk Analysis 

The loan risk analysis dashboard gives you an exact picture of risk trends, potential risks, assesses the risk of loan default etc. The software also examines loan charge-off predictions, credit score distribution and trends. 

Collection Analysis 

Tableau software renders key credit and collections metrics. It helps in collections budget, examines balance overdue, credit exposure, tracks collection growth, analyzes usage statistics, and identifies customers who are over their credit limit. Within a fraction of time, gain a 360 view of credit and collections across all branches.  

Credit Risk Analysis

Banking is about managing multiple risk types. The dashboard reveals actionable insights to help financial institutions manage their risk and liquidity. The software helps you examine vital metrics and the greatest credit risk smartly. You can easily apply filters and drill down on the metrics that matter to you the most. You can discover potential probabilities and reason between defaulted loans and their environment. This helps you to make healthy and profitable lending decisions.  

Fraud Indicator Analysis

Drill down easily to understand the metrics in claims. Identify fraudulent transactions, erroneous claims transactions, check the payment history and prevent frauds that have elevated over the years.

Audit, Risk and Compliance Analysis

Take a proactive approach and ensure compliance with smart BI software. Tableau empowers finance professionals to flag suspicious activity, identify fraud, send proactive alerts of high-risk transactions, and mitigate fraudulent activities and risks before it’s too late.

Reserve Requirement Analysis 

Tableau dashboards give a clear view of reserve requirements in your industry. It examines the trends of daily withdrawal amount, cash on hand etc. and meets liabilities in case of sudden withdrawals. This also ensures that the banks keep minimal cash reserve to be used in case of contingencies or in the event of mass withdrawals.

Settled and unsettled claim Analysis

The software gives a complete view of claims. It also examines region wise, state wise, region wise claims. This enables you to make a top-level analysis and make informed decisions.  

We understand there will be new industry challenges, some like we’ve never heard or experienced in the microfinance industry. Tableau can help your microfinance business stay resilient and smart even in the Covid-19 crisis. Faster to implement than building a custom solution,  Tableau is a self-service analytics software which is ideal for performing a series of risk and credit analysis. So, whether you’re the chief risk officer, business owner of a financial unit or CFO, Tableau has the capabilities you need to gain a competitive edge.

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    Nidhi Batra

    About the author

    Nidhi Batra is a marketing and brand communication professional with 10 years of experience working in the dynamic B2B marketing environment. She strategizes, writes, reviews a variety of content for demand generation and sales support activities. Having a Master’s in English from Delhi University, she knows how to navigate her readers on insightful journeys with her SAP published blogs and thought leadership content.