Financial Institutions need to deploy funds and at the same time track the progress of the project as well as the fund deployment status. This involves many bodies and is tracked at various levels particularly when government bodies are involved and the deployment needs to be monitored very closely.
Our application provides a workflow solution where the projects can be broken down to various stages and the tracking can be done based on the stage of completion. The administration of the project is defined by the user matrix provided by the institution. Necessary mail notifications are built in to the application which keeps a check on non-performance.
Status changes, comments and updates are maintained and tagged to each project creating a history sheet which gives a snapshot on all the progress made so far. The application also enables reporting on the basis of the organizational hierarchy viz. micro-level reporting is required by the managers, whereas a macro level report is what is required by the top management.