Cholamandalam Transitions to Infosys Finacle Treasury Solution

Infosys Finacle has successfully migrated Cholamandalam Investment and Finance Company's operations to its treasury platform. This move centralizes Chola's treasury management on a digital platform, enhancing risk management and compliance, and offering end-to-end lifecycle coverage for investment portfolios and various financial operations.

Infosys Finacle announced on Monday the successful migration of the Cholamandalam Investment and Finance Company's operational capabilities to its advanced Finacle treasury solution.

The transition aims to centralize treasury management for Chola on a unified, web-based platform, although the financial terms of the agreement remain undisclosed. Managed by EdgeVerve Systems, a subsidiary of Infosys, this transformation showcases Chola's forward-thinking approach to establish digital-first, streamlined treasury operations.

Finacle Treasury now provides end-to-end support for Chola's entire treasury lifecycle, offering comprehensive management of liabilities and investments. Enhancements in fund transfer, loan management, and automation of interest processing are key highlights, aiming to boost overall operational efficiency.

(With inputs from agencies.)