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EQUITAS Launches Optical Mark Reader based ( OMR )solution
for Back-Office Operations
Another unique deployment of Technology among MFIs
EQUITAS has
successfully implemented the OMR based Scanning & Data capture
Technology for capturing Customer Data for processing their Micro
Finance Loans. This is for the first time, any Microfinance
Company has done in this Indian Micro Finance parlance. OMR,
which stands for Optical Mark Reader, is used to electronically
scan & capture specific fields of Data from Paper Document,
and store them in Magnetic Media / Hard disks of Computer system.
The process facilitates EQUITAS to process more than three times
the current volume of transactions, using the same resources of
people, systems, while drastically cutting down the time needed
for processing the Loans. EQUITAS has tied-up with NEWGEN
TECHNOLOGIES, for the implementation of this unique project.
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Mr.S.N.Roy, Head I.T Murugappa Group cutting the
Ribbon to mark
the launch of the OMR based System; Mr. P.N. Vasudevan, M.D
is also seen in the Photograph. |
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Staff of Technology & Operations
seen cutting a Cake
on the special occasion. |
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