About our solution
Cygnet Infotech’s FAME (Financial Assessment Made Easy) helps lending institutes like Banks, NBFCs, FinTech to opt for real-time data-based credit analysis by leveraging GST filing data rather than the traditional approach. The inclusion of AI and ML on the newly introduced version of FAME allows organizations to bring down their cost of processing and control on NPAs due to reduction in default through proper credit assessment, which is ahead of market and not lagging the market.
Cygnet Infotech with its Credit assessment solution helps lending institutes like Banks, NBFCs, FinTech leverage GST filing data to analyze the credit worthiness of the loan borrower. It helps them in innovative decision-making by real-time credit assessment.
Our solution is best fit for
Credit managers and loan lending officers
Credit managers catering to enterprise accounts can easily check bad debts with proper credit risk monitoring along with the available GST data reports of the borrowing company.
Analyse critical transactions
The solution combines the data from multiple sources including income tax returns, MCA data, bank statements & GST data. It also analyses critical transactions such as round-tripping and helps decision makers to take data driven credit decisions.
Bank Statement Analysis
The application will fetch latest any formatted bank statement for last couple of months in either PDF format or scanned pages to fetch the data. It can give insights on cheque bounce, failure of RTGS and NEFT due to low balance, fraud detection by comparing with the GST filings data.
The solution generates the highlights of balance sheet and P&L data points. It also generates the financial ratio analysis based on the ITR documents of the borrower.
The tool analyses the GST return filing trends, calculates the GST returns compliance score based on GSTR 1 & 3B filings.
To enhance real time credit assessment through various GST data sets the solution generates BI reports with enhanced details like Geographical Sales Distribution (Inter/Intra/Exports), Rate Wise Bifurcation of Inward & Outward Supplies, Tracking of Round Tripping Transactions, Trends, HSN Wise Sales Summary, and more.
Why choose our solution?
No manual errors
Quick loan processing & monitoring with the least human intervention.
Real-time verification of customer details.
Expansion of customer base
Faster, better & increased customer reach.
Build loan offers on the fly based on customer needs and profile.
It is possible to integration our solution with your present analytics system is possible.
360 Degree view of a loan borrower
Real time insights based on data sets such as GST and ITR data, offers credit managers a 360-degree view of loan applicants enterprise which reflects their creditworthiness.
Insightful actionable reports
Business Intelligence reports with detailed reports on financial ratios.
Initial screening of customer
Initial Screening through GRC score. It helps banks to avoid risky customers and saves their efforts.
Research & Insights
Trade financing and bill discounting is one of the most prevalent ways of financing in the country. Read to know about the types & advantages of bill discounting.
Discover how we help businesses achieve technology enabled business transformation.
Here is what our clients say about us
Cygnet Infotech has truly simplified our GST compliances
SVP Taxation, Fullerton India Credit Company Ltd.
We wish to continue working with them
DGM - Taxation, BRIGADE GROUP
The implementation was carried in a time effective manner
Head - Finance & Accounts, Axis securities limited