3i Infotech implements Kastle ULS for Gulf Lifting and Finance Leasing Company
Gulf Lifting Financial Leasing Company (GLFL) recently implemented 3i Infotech's Kastle Universal Lending Solution (Kastle ULS) and integrated financial suite to streamline its business processes as well as automate the end-to-end operations right from origination to collection.
The application tackled a key challenge of GLFL, a subsidiary of Kanoo Group of Companies , which was to get into the market and be Saudi Arabian Monetary Authority (SAMA) compliant before March 2017 to launch their new business within a short timeframe. The project was completed in a record time of 11 days, delivering an environment conducive for better productivity and effective processes.
With this implementation, GLFL will be able to efficiently manage on-boarding and profiling of new customers, limit management and credit analysis along with handling its enterprise financial accounting and reporting requirements. Kastle® ULS and integrated financial suite provides system generated purchase order, asset delivery management, business partner management, servicing of credit limit covering major financial events and collection services of corporate clients as per regulations.