Customers were having a hard time: Arohan’s customers had to travel 20-25 kilometres and lose at least half a day’s earnings to come to the branch to sign the loan documentation.
Happy customers: Customers can now remotely eSign from a location of their convenience or can eSign on the loan officer’s tablet during his visit
Shackled by paperwork: Employees had to devote significant time in printing and organizing the loan documentation
Liberated from paperwork: Arohan’s field force and central teams can now focus more productively on other key tasks - like improving collections
Accessing documents was difficult: Retrieval of documents from storage was a slow process
Documents are just one click away: Arohan’s documents are easily accessible on its DMS
Increasing costs: Arohan had to pay costs of storage for 7 years. It also had to pay for printing and transportation costs
Save on costs: No more storage, printing and transportation costs.
Prone to Mistakes: Manually entering data led to mistakes in documentation. Which led to spillover compliance issues.
Zero Mistakes: Documents are auto-populated via Leegality’s Template Engine - leaving no room for errors
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How Axis Finance is using Leegality to reduce loan disbursal time for personal and business loans by 60%