Why NBFIs Are Switching from Spreadsheets to ERP for Loan Management?

For growing Non-Banking Financial Institutions (NBFIs), loan management software is turning into the go-to tool for staying efficient and compliant. With loan demand rising across consumer and business segments, NBFIs, such as microfinance institutions, credit unions, fintech lenders, cooperative and small finance providers, and loan brokers, are filling critical gaps left by traditional banks, particularly in areas such as microfinance, SME lending, and personal credit. However, as portfolios expand, the challenges also multiply.

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