Customer Story
Annapurna Finance
Annapurna Finance Pvt. Ltd. (AFPL) is one of the top ten NBFC-MFIs in the country with a customer base of 18 lacs+ and a power portfolio of 3,800 crores. The company facilitates microcredit to the economically backward clients to strengthen entrepreneurial skill for efficient undertaking of business activities.
At present, the company has an employee base of 6000+ across 700+ locations in India.
5 X
increase in Payroll efficiency
Doubled recruitment efficiency
700+
PAN India locations covered with centralized data
Challenges
- Managing high-volume recruitment drives on emails and papers hampered quality talent acquisition and took more time than anticipated
- Attrition management turned tedious in the absence of clear visibility of open positions at different branches
- Onboarding the new joiners with manual drafting and issuance of letters and pay variables became overwhelming
- Payroll was managed by a team of 10 HRs and it took more than a week to disburse salaries
- Employee files were being maintained physically, making data visibility & extraction more time consuming and no true view of workforce insights was available unless specifically calculated