The microfinance sector has been instrumental in providing a huge impetus to the unorganized sector and transforming the lives of millions of beneficiaries. This industry has been making a huge contribution to the growth of the Indian economy but often confronted with its set of challenges like evaluating strategic and credit risks, inadequate investment validation, financial reporting, maintaining compliance, and so much more.
To realize growth opportunities in this sector, it is essential to mitigate ongoing concerns by making a route toward digitization. Tableau software empowers all Microfinance leaders to foster opportunities for microlenders, increase customer reach and analyze associated risks in the form of fraud, credit risk, security, asset and liability risks.
Let’s find out how Tableau empowers the Microfinance industry to manage it all.
Tableau dashboard helps microfinance industry to assess the risk of loan by selecting one or more portfolios to see credit score distribution and trends. It also examines the creditworthiness of an individual and explores credit score distribution as per the grade level. Tableau also helps banks to identify the potential risk of debt write-off by loan type, examine risk trends and helps them understand the customers’ journey better.
Organizations, large and small across banking, wealth management, and insurance, are leveraging Tableau dashboards to gain a clear view about reserve requirements in your industry. It helps you understand the trends of daily withdrawal amount, cash on hand etc. This helps the microfinance industry to meet liabilities in case of sudden withdrawals. This also ensures that the banks have money on hand to prevent them from running out of cash in the event of mass withdrawals.
Tableau software provides key credit and collections metrics. It helps examine balance overdue, credit exposure, and customers that are over their credit limit. Within a matter of minutes, it displays transactional data and provides a comprehensive view of credit and collections across all branches. You can dive deep and know the metrics as per company, customer group, and customers.
Compliance is a key consideration in the microfinance industry and the magnitude of its impact is intensifying. It helps you perform compliance audits and attain more impactful internal audits. The BI software helps businesses reduce their risk exposure such as reconciling payroll spending data and the general ledger. It also helps spot waste by identifying duplicate payments and automate audit steps.
Tableau gives a 360 view of claims that are settled and unsettled. It also evaluates region wise, state wise, region wise claims. The software helps you make a top-level analysis which helps to drill down details in one place. In essence, advanced BI helps you quickly manage claims and premiums with ease.
It helps to gain outstanding and overdue analysis. Tableau software renders great information on PAR loan and PAR amount (FY wise- Month a Month), Par bucket, Par by caste, religion, product and area. The software also helps to make top analysis by branch, product and purpose.
The power of data insight is undeniable, and with a robust platform that can provide a 360-degree view of all data—you are better able to build accurate risk profiles, identify fraud and irregular activity, mitigate compliance risk and make data-driven decisions.
Recognized by Gartner as a leading Business Analytics Tool
The highway and toll industry collects data at every small interval. Whether for a passenger, cargo or any fleet,...
Data analysis has never been more important than now. Excel is a famous and go-to-analysis tool for many organizations...
A well-designed dashboard helps businesses make faster decisions just by a glimpse. It quickly uncovers key insights and speed...
Streamline your business processes and improve productivity using our cutting edge ERP solutions & service offerings custom built for small and medium enterprises.
Our e-Governance solutions enable the government to reduce operational complexities and help citizens, businesses & government bodies to leverage technology to access public services with ease.
Our products portfolio comprises of business automation software’ that helps you focus on high-value tasks and improves organizational efficiency by automating repetitive human tasks, process workflows, data capture & decision making.
Get actionable business insights with our cutting edge BI products & consulting services. Make informed decisions and improve business efficiency with real-time analytics.