NPCI to implement ERP solution
National Payments Corporation of India (NPCI) is implementing an ERP solution mainly to achieve quality of service, efficiency and practice better control over the financial transactions and project activities and to establish uniform standards for excellence in operations, project management, human resource management, financial management and performance reporting. The organization wishes to adopt the global best practices in different spheres of procurement, fixed asset management, human resource management, quality management, customer service, financial management, accounting and performance management. NPCI expects that an ERP solution will facilitate embedding best business practices and processes into all its operations, doing away with non-value adding/redundant processes in the various functions to make them efficient, transparent and compliant to regulations. It intends to implement and host the proposed solution on its own premises on private cloud built on virtualization technologies.