Datamatics assists UTI mutual fund amid pandemic to set-up paperless digital workplace

Datamatics Global Services on Thursday announced that it has successfully implemented its digital workspace solution for UTI mutual fund, which involves digitising two of its critical processes to achieve a seamless flow of information, higher transparency, and agility across multiple offices.  

UTI, as a part of digital transformation initiatives wanted to digitise paper-based processes like the physical movement of files, delays in payment due to time taken for physical documents to move along with the high cost of physical storage was making the client face multiple challenges due to the loss of documents and delays. Decision & approval formalities and payment process are the two processes digitised by Datamatics.  

This will help the client to track swiftly and access documents digitally, which in turn, would result in a faster decision-making process and better customer experience. It will also allow multiple users to access files remotely and get a real-time update on the status of file movement.   

Datamatics is a global IT software company, providing intelligent digital solutions for businesses to increase productivity and further enhance the customer experience. 

At 1.25 pm on Thursday, the company's stock was trading at Rs 117.50, down by 1.01 per cent against its previous close of Rs 118.70 on BSE.