Premium IT giant Infosys Ltd. INFY recently launched its first mobile-based business and financial management solution, Finacle SME Enable. The solution would help the banks provide better and efficient services to small and medium enterprise (‘‘SME’’) clients. The invention not only aims to modernize bank services but also to make business operations more productive.
SME Enable would offer real-time access to SME customers of banks. With the latest application, customers would be able to access account information and valuable financial management tools on a real-time basis, thereby ensuring smooth self-management of daily operations.
Moreover, the feature would help the companies grow on the back of variable features such as enterprise setup, analytical tools/ integrated alerts for financial management, social connect and specialized channels to seek expert advice. Also, SME Enable, combined with Infosys’ cloud-based retail trade platform TradeEdge, would help the banks keep tab on their sales transactions and inventories, besides facilitating smooth banking services.
Infosys’ superior performance comes on the back of its proprietary Global Delivery Model ('‘GDM’'). The company shares a high brand value in the global technology, consultancy, outsourcing and services market. In order to outshine rivals, the company has been strategically expanding its international business over time.
We believe the launch of SME Enable would help augment the company’s brand value in the global banking sector. This is because the solution would lower the SME service cost as well as time for commercial banks, thus creating better client relationships in the future. By supporting digitalized banking solutions for a country’s SMEs, Infosys would indirectly propel the growth of an economy’s gross domestic product (‘'GDP'’), as efficient working and commercial prosperity of SMEs are directly proportional to a nation’s domestic productivity.
Stocks to Consider
Infosys currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include CyberArk Software, Ltd. CYBR, EarthLink Holdings Corp. ELNK and Fair Isaac Corporation FICO. All three stocks carry a Zacks Rank #2 (Buy).
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