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Sovereign transforms, digitalises its vendor onboarding process
AHMEDABAD, July 16, 2024
Sovereign Metals, one of the leading precious metal refineries in India, has successfully digitalised its vendor onboarding process with Effiya’s onboarding and AML solution.
This digital transformation is part of Sovereign Metals' broader strategy to modernise its operations and improve overall productivity
As part of this journey, Effiya has revolutionised Sovereign Metals’ vendor onboarding process by implementation of its dynamic and flexible KYC solution. The enhancement includes advanced Customer Due Diligence (CDD) and Sanction screening capabilities, ensuring a more efficient and secure onboarding experience.
Critical process
Viral Lodhiya, Director at Sovereign Metals, said: “Vendor onboarding is a critical process for a business like ours, where meeting the right quality standards is of paramount importance including stringent adherence to regulatory requirements and industry standards.
“Effiya’ s AI enabled solution will help us enhance the accuracy and speed of vendor verification, reduce manual errors, seamless onboarding with enhanced detection and reduced false positives. We are excited to reap the benefits of this digitalisation in the coming times with an enhanced vendor experience.”
Jigar Shah, CEO of Effiya Technologies, said: “We are proud to be chosen as the preferred partner by Sovereign Metals for their digital transformation journey. Effiya’s innovative offerings in KYC, CDD and Sanction screening will help drive operational excellence at Sovereign Metals. This partnership marks another milestone for Effiya as we continue to meet our customers’ needs with our best-in-class products.”--TradeArabia News Service