Rural Electrification Corporation Ltd.
http://recindia.nic.in

1. Loan Accounting System

REC was facing difficulties in managing their loan accounting system. The software was implemented 4 years back by Stellar Software and with the increasing size of database, transactions and requirements of REC the software was falling short of the needs of REC. REC invited IWS for managing and upgrading the software. IWS provided round the clock support and within a period of 2 months, parallel software with most advanced functionalities was implemented in REC. The software reduced the processing time of interest to 0.01% of time taken by legacy software. Presently the processing time of interest in within 1 minute compared to 1Hr to 72 Hrs taken by legacy systems.

2. On Line Annual Property Return System

Impressed with the services of IWS for Loan Accounting System, REC provided IWS opportunity for development and implementation of On-Line Annual Property Return System . Annual property return controls were being managed through in house application and through manual submission of returns. IWS developed implemented the application within very short time of one month and within a stabilization period of 10 days, application was made live with utmost user and management satisfaction.

3. On Line Library System

Impressed with the services of IWS for Loan Accounting System and On Line Property Return System, REC provided another opportunity for development and implementation of On-Line Library System . The project has been completed with the stipulated time with utmost management/user satisfaction.