Orichma Credit unleashes it’s true potential by using Kredible
Orichma Credit (Pvt) Ltd is a growing Microfinance Company in Sri Lanka which has established 4 branches around the country in a short span. They are contributing towards the upliftment of the rural community in Sri Lanka through informal education programs, offering small loans
Client
Orichma Credit (Pvt) Ltd
Industry
Banking & Finance
Services
Software & Web Apps
Duration
3 Months · 2025
The challenge
Orichma Credit has been using a Microfinance software from a local vendor which did not include an integrated accounting module, this made the organization to maintain their accounts separately in a traditional accounting software. The process of maintaining a dual set of records was too time-consuming as it increased the manual interventions, inviting more errors, paving the way for compliance issues, and slowed down the loan process for customers. The manual and tedious process of their field officers needed to be streamlined and automated through a mobility based solution. All these redundant activities hindered the growth of Orichma Credit and the fragmented approach of storing data made the aspect of retrieving business intelligence reports a nightmare. They were approached by many Software companies to provide them with a complete solution but failed to provide them with a tailored solution.
Our approach
Requirement Gathering, Process Audit,
What we built
We addressed their challenges with a process driven scenario which not only automated the entire loan life-cycle, but also developed an integrated accounting module and a robust business analytics engine. The self-contained accounting module of Kredible offers all the features by the traditional accounting system in the Microfinance Management Solution and ease down the complications in accounting, reduced the manual intervention, improved the loan turn around time and provided them with an easy way monitor their bottom-line and streamline their workflow.
Results
Outcomes
Konekt was able to completely automate the financial accounting needs of Orichma Credit and helped them achieve high standards of operational excellence by reducing the manual intervention, improving the efficiency of their staff and speeding up the turn around time of their loan products. Our intelligent business reporting module generated insightful reports in a matter of minutes which helped them interpret, analyze and take informed business decisions to gain substantial competitive advantage and improved their profitability by making their organisation more analytically focused.
Key Results
3 Days to 5 Mins
Reduced Process Time
40%
Cost reductions
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