Mumbai, 22nd May 2018:
Nividous Software Solutions, a software development and consulting company, announced a successful deployment of Robotic based Process Automation (RPA) for Edelweiss Private Wealth Management (EPWM), one of India’s leading wealth management companies. RPA will be instrumental in automating the entire KYC (Know Your Customer) document generation process which is an integral part of account opening process for EPWM. For a company that constantly on a look out for new technologies with an objective to enhance customer experience, RPA is definitely a great enabler.
RPA will provide end to end digital integration for EPWM’s diversified business operations, thus creating pleasant client memories. It makes sure that customer experience throughout the value chain is enriched and creates shadows of transparency, trust, simplicity and seamless execution.
Commenting on this development, Anshu Kapoor, Head – Edelweiss Private Wealth Management said, “Edelweiss Private Wealth Management has always strived to be the most customer centric wealth management business in the world. We want to be recognised as a Perennial Game-Changer in Innovation and Thought Leadership. RPA (Robotic Process Automation), has already proven to be a game changer for many industries, primarily in the banking and financial services sector and thus, we’re also keen to expand the use of this technology in removing friction in client lifecycle”.
Shvetal Desai, Co-founder at Nividous, said “Manual and time-intensive processes are the best fit for RPA. Moreover, Bots using Nividous platform are easy to build and integrate, requiring zero customization to legacy systems. Nividous platform can easily be scaled up to automate multiple business processes. We have identified more than a dozen touch points where Edelweiss Private Wealth Management business operations can be automated using Nividous platform and are working closely with the Edelweiss transformation team to roll them out in the next few weeks.”
Nividous’ understanding of EPWM’s business requirements and the crucial processes helped speedy execution. The Nividous team used its Quick Start engagement model to understand the business requirements for building the first bot for the KYC process. The Bots were built within 2 weeks and are now programmed to perform the scheduled tasks 24×7 without interruptions, enabling FAs to focus more on servicing and advising their esteemed clients.
Nividous helps you to unleash the true potential of your workforce by humanizing work with its Hyperautomation platform.
Leveraging its tremendous domain expertise, the Nividous team offers vertical solutions that are RPA and AI-enabled and built on configurable process automation capabilities to empower businesses to operate with flexibility and agility. Nividous also offers end-to-end professional services that include process discovery, implementation, support, and building Centers of Excellence (CoE).
The Nividous leadership team has decades of experience delivering hundreds of digital process automation solutions in companies and organizations of various sizes around the world.
Edelweiss Private Wealth Management (EPWM), part of the Edelweiss Group, is one of India’s fastest growing Wealth Management businesses in India. Its clientele includes New Age Entrepreneurs, Business Owners/Promoters, Family Offices, CXOs and Corporate Treasuries.
Solutions offered include:
EPWM follows the Edelweiss credo of ‘Ideas Create, Values Protect’, thereby making it the most trusted advisor to its clients. To learn more about Edelweiss Private Wealth Management, please visit https://wealth.edelweiss.in
With over 20 years of experience in building and implementing a BPM product at Savvion, one of the principle software providers in the BPM space, Shvetal, Co-founder of Nividous, brings tremendous knowledge to help clients navigate their digital transformation journey. Shvetal’s vision has helped Nividous get recognized as a high-profile thought leader in delivering digital transformation. Shvetal plays a leading role in driving innovative products and solutions at Nividous.
Shvetal Desai comes to Nividous from Progress Software where he was the Director Of Engineering for their Business Process Management Division. Prior to Progress Software, Shvetal served as Senior Director Of Engineering at Savvion Inc, where he contributed in the development of many products in the area of BPM software. Progress Software acquired Savvion Inc in January 2010. Shvetal joined Savvion in 1996 as one of the early developers for their highly successful Savvion Business Manager product, rated consistently for many years as one of the top three BPM products worldwide by leading analysts like Gartner and Forester. Prior to Savvion, Shvetal worked at Netscape Inc in their Enterprise Servers division.
He holds a Bachelor of Engineering degree in Electronics from Mumbai University, India and a Master of Science in Computer Engineering from Santa Clara University, California.
Kaushal is the co-founder of Nividous and has been an evangelist for Digital Transformation using BPM and related technologies for over 20 years. Kaushal is a consistent advocate of approaching business objectives with a holistic view of processes, platforms, and people to generate measurable business value which has enabled him to steer Nividous ahead as a leader in process automation space.
Kaushal comes to Nividous from Progress Software where he was the Vice President, South Asia and headed Field operations as well as Shared Services that included Global Professional Services and Customer Support out of India. Prior to Progress, Kaushal was with Savvion Inc, one of the principle software providers in the BPM space, where he was the Managing Director of Savvion India, a wholly owned subsidiary of Savvion and was responsible for sales, consulting and product operations. Kaushal joined Savvion in 1995 as one of the earliest employees and worked with high technology leaders including Fujitsu, IBM and Computer Associates for incorporating cutting edge technology into their products. In 1999, Mr. Mashruwala moved to India to set up business operations.
He holds a Bachelor of Engineering degree in Electronics and Communications from Gujarat University, India and a Master of Science in Computer Engineering from Santa Clara University, California.