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Scenario 1:

A Corporate Bank in GCC eliminated collaterals mismanagement, improved security and compliance n their bank premises.

Business challenges:

  • Lack of visibility of the collaterals
  • Custodian issue assigned for collaterals
  • No information on what collaterals are with bank and what are issued back to clients

Solution Devised:

  • Collateral management system with RFID tracking of each collateral in a file
  • Workflow and approvals in place for closer monitoring of custodianship of collaterals
  • Secured archive room with alarms, notification system on movement of collaterals

Business Benefits:

  • Reduction in employee’s total time spent on each collateral creation to archiving, from 15 hours to less than 1 hour.
  • Custodian of each collateral, digital audit availability of each transaction performed on collateral
  • Visibility of collaterals inside bank facility

Scenario 2:

A large industrial conglomerate improved its asset life, ensured utility, availability and service maintenance levels.

Business challenges:

  • Lack of visibility of assets spread in huge industrial areas
  • Issuing maintenance contracts to third party service company for assets not physically available.
  • Asset reconciliation with SAP ERP

Solution Devised:

  • Devised asset tracking system and tagged all assets with RFID.
  • Performed asset reconciliation with existing SAP
  • Realtime two-way integration with SAP to capture transactions and transfer data between two systems

Business Benefits:

  • Accurate asset registry with validated operational assets
  • Save money for maintenance contracts, for assets which are not available on ground.
  • Asset visibility inside operational area.

Scenario 3:

A Leading University fast tracked student attendance process and enforced security policy. 

Business challenges:

  • Lack on control of students entering and exiting multiple campuses
  • Gap in student attendance data with ERP
  • No secured gates to prevent students leaving campuses

Solution Devised:

  • RFID enabled Security gates installed at campus entrances
  • Performed Realtime two-way integration with ERP to validate student class schedule, and enable entry/exit permissions on security gates
  • Track students inside campus at room level.

Business Benefits:

  • Student visibility inside campus
  • Student attendance accuracy, enhance security to prevent student leaving campus