HDFC partners with CloudFronts in Maldives for Dynamics 365 Business Central; To Set up, Integrate its Loan Management Platform

CloudFronts Technologies is delighted to announce India’s largest private sector lender HDFC bank’s Maldives arm Housing Development Finance Corporation Plc. has chosen to implement Microsoft Dynamics ERP Business Central integrated with Loan Management Platform to support its backend and front-end operations.

Housing Development Finance Corporation (HDFC) was incorporated in Maldives in 2004, by a Presidential Decree under the Companies Act. (Act No. 10/96). HDFC’s commercial operations commenced on 29th March 2004 with hundred percent shareholding by the Government of Maldives which later in 2008 was privatized with the shareholding from ADB, IFC, and HDFC Investments Ltd., (India) holding 51% of the share and 49% of the shares by the Government of Maldives. Catering to local home buyers, it offers both Conventional and Islamic housing finance facilities with affordability, flexibility, the Longest Repayment Period, and the highest quality of service in the Maldives. 

To support their growing Mortgage finance business, CloudFronts will deploy Microsoft Dynamics 365 Business Central with Loan Management Platform built within, to transform their back-end operations. It is noteworthy to say that this is the third project bagged by CloudFronts in the Maldives involving Business Central (formerly Dynamics NAV), adding to its existing portfolio of ERP customers and the first in the Banking domain, in the South Asian Island nation.

Additionally, post COVID-19, HDFC Bank is on the verge of eliminating a paper workflow; subsequently, reducing errors and manual efforts and improving the loan service provider’s efficiency. Loan Management Platform, commonly referred to as Lending software, automates and manages the entire loan lifecycle, from origination through servicing, processing to collections.  

On this occasion, CloudFronts CEO Anil Shah says, “We will enable HDFC Maldives to streamline and automate their entire operations, from back office to loan management, on the Microsoft Dynamics 365 Business Central platform. We look forward to working together and enabling HDFC’s vision for providing housing loans across Maldives.”

Visit us at https://www.cloudfronts.com/ to learn more about our Dynamics 365 offerings.

About CloudFronts Technologies

CloudFronts is a 100% Dynamics 365 focused Microsoft Gold Partner helping Businesses around the world to Solve their Complex Business Challenges with Microsoft Dynamics 365 and Power Platform. Our head office and robust delivery centre are based out of Mumbai, India along with branch offices in Singapore & U.S.

Since its inception in 2012, CloudFronts has successfully served over 500+ small and medium-sized clients all over the world such as North America, Europe, Australia, Maldives & India with diverse experiences in the sectors ranging from Professional services, Finances, Pharmaceutical, Manufacturing, F&B, Retail, Logistics, Energy, Automotive and Nonprofits.

Please feel free to connect with Dynamics 365 Solution Architect Anil Shah at ashah@cloudfronts.com