Bad loans have been a malignant debilitating factor for India’s banking sector. According to the E&Y survey, 56% bankers felt that technology could be utilized to flag early warning signals. Generally, businesses these days use enterprise resource planning (ERP) software to manage their business operations. It contains all information about the financial dealings of an enterprise in its database. If that database is connected with the banks’ system they would be able to tap into the real-time data, thus helping them find out if the business has been meeting its financial obligations on time. There are several players in the legacy software market such as SAP, Oracle, Microsoft, etc., there are a few cloud-based providers too. Automation can go a long way in ensuring an NPA-free banking sector.

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