|
Equitas Micro Finance India : Optical Mark Reader Solution
An innovative way to add to efficiency of loan processing without investing on manpower, equipment and space
Monday, June 01, 2009
Being a startup company the biggest challenge was to expand rapidly by
opening branches to increase the micro finance loan disbursements. The
management didn't want to spend much on manpower, equipment and space. Hence,
there was a dire need of an innovative technology to process several times the
number of loans booked previously, and with the existing resources. The company
went for an OMR (Optical Mark Reader) based solution for loan processing. There
was a need for lots of data entry in the processing of applications. The company
studied the data entry ( Membership ) form and found-out that, major portion of
data can be converted to OMR format using check boxes. Thus, they redesigned the
form introducing check boxes / shading circles instead of straight character
format for most fields. This conversion into OMR format was done for nearly 75 %
of data fields.
 |
| Project Specs |
- Project Head: H Mahalingam, Head IT (CTO)
- Deployment Location: Chennai
- Team Size: 4
- Tech Used: Optical Mark Readers Hardware/Software used:
Kodak High-end Duplex Scanners
- Expected life: NA
|
| Implementation Partner |
| Newgen Technlogies |
Page(s) 1
|
Print
Comment
Email
Digg
Del.icio.us
Reddit
Twitter
