Shriram Transport Finance Company Trusted Matrix Time-Attendance and Access Control Solutions to Efficiently Manage their Branch Offices across India

Company Profile
Shriram Transport Finance Company (STFC) was incorporated in the year 1979. With its head-office in Mumbai, STFC has 700+ branches across India. It is a part of the 'SHRIRAM' conglomerate, which has significant presence in financial services viz., commercial vehicle financing business, consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products such as life and general insurance products and units of mutual funds. Apart from these financial services, the group also has presence in the non-financial sector business such as property development, engineering projects and information technology.

Challenges

• Centralized Time-Attendance for Multiple Locations to be Managed from its Mumbai Location
• Integration of Matrix Time-Attendance Software with Existing HRM Software

Matrix Offered Solution
• Biometric Time-Attendance Terminal at 700+ Locations
• Biometric Door Controllers for Access Control
• Connected all Locations using Ethernet
• Centralized Attendance Management Software
• Integration with Third Party HRM Software

Results:
• Time Required for Salary Calculation Reduced by 30%
• Productivity of Employees Increased by 15%
• Increase in Security in Sensitive Locations
• Error-free Time-Attendance Data for Salary Calculation
• Faster Decision making using Informative Reports

Products:
• COSEC DOOR FOT – Biometric Fingerprint based Door Controller
• COSEC ENROLL FINGER – Fingerprint Enrolment Station
• COSEC LE PLATFORM – Web based Application Software Platform
• COSEC LE TAM – Time-Attendance and Leave Management Module
• COSEC LE ACM – Access Control Module
• COSEC LE USER10000 –User License for 10,000 Users

ABOUT MATRIX
Established in 1991, Matrix is a leader in Telecom and Security solutions for modern businesses and enterprises. An innovative, technology driven and customer focused organization; Matrix is committed to keep pace with the revolutions in the telecom and security industries. With more than 40% of its human resources dedicated to the development of new products, Matrix has launched cutting-edge products like Video Surveillance solutions, Access Control, Time-Attendance, IP-PBX, Universal Gateways, Terminals, Convergence solution, VoIP Gateways and GSM Gateways. These solutions are feature-rich, reliable and conform to the international standards. Having global footprints in Asia, Europe, North America, South America and Africa through an extensive network of more than 500 channel partners, Matrix ensures that the products serve the needs of its customers faster and longer. Matrix has gained trust and admiration of customers representing the entire spectrum of industries. Matrix has won many international awards for its innovative products.

Matrix Comsec
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This release was published on openPR.