Mumbai, 400051,
India
InCred Financial Services Technographics
Discover the latest software purchases and digital transformation initiatives being undertaken by InCred Financial Services and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 1638 InCred Financial Services employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that InCred Financial Services has purchased the following applications: SAP S/4HANA Cloud for ERP Financial in 2021, FinBox Account Aggregation for Data Warehouse in 2022, Google Workspace (Formerly Google G-Suite) for Collaboration in 2016 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems InCred Financial Services is running and its propensity to invest more and deepen its relationship with SAP , FinBox , Google or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing InCred Financial Services revenues, which have grown to $110.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for InCred Financial Services intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
ERP Financial Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| SAP | Legacy | SAP S/4HANA Cloud | ERP Financial | ERP Financial Management | Fourth Signal | 2021 | 2021 |
In 2021, InCred Financial Services implemented SAP S/4HANA Cloud to serve as its ERP Financial backbone for finance and accounting functions. Fourth Signal served as the systems integrator and led the FICO implementation across InCred Financial Services and InCred Capital.
The engagement concentrated on the FICO Module with configuration and process design for Accounts Payable, Accounts Receivable, General Ledger and Reporting, Asset Accounting, Bank Account Management through FIORI, and the PO Process. Business Blueprint workshops and solution design sessions were used to scope requirements and drive configuration, followed by iterative testing cycles.
Workstreams included structured data migration and user acceptance testing to validate transactional accuracy and data fidelity, with explicit verification of migrated balances and postings. SAP S/4HANA Cloud was configured to centralize core accounting ledgers, banking and payment connectivity workflows, and reporting capabilities to support finance operations across the organization.
Fourth Signal led a team of three consultants, directing BBP workshops, stakeholder alignment with business users and IT management, and fit gap resolution. The implementation included end-to-end testing, UAT orchestration and data migration validation to ensure a seamless transition and data accuracy.
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Analytics and BI
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| FinBox | Legacy | FinBox Account Aggregation | Data Warehouse | Analytics and BI | n/a | 2022 | 2022 |
In 2022, InCred Financial Services deployed FinBox BankConnect and implemented FinBox Account Aggregation within its Data Warehouse to detect fraudulent bank statements and accelerate funnel clean-ups for its digital lending operations in India. The deployment targeted bank statement analysis and automated funnel-cleanup workflows, embedding bank statement parsing and fraud scoring into lending acceptance and verification processes. FinBox Account Aggregation is cited as part of the solution set supporting these capabilities. FinBox documentation indicates BankConnect is Account Aggregator enabled, so Account Aggregator usage is inferred for account-level data flows into the Data Warehouse. The implementation encompassed bank statement parsing, automated fraud scoring, and funnel cleanup orchestration, functional modules that align with Data Warehouse use for underwriting and operations in a digital lending context. FinBox cites outcomes for the deployment including approximately 98 percent fraud-detection accuracy, a 60 percent reduction in false positives, and three times faster funnel clean-ups.
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Collaboration
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Legacy | Google Workspace (Formerly Google G-Suite) | Collaboration | Collaboration | n/a | 2016 | 2016 |
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Collaboration | Collaboration |
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2022 | 2022 |
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Content Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
|
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Intelligent Document Processing | Content Management |
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2020 | 2021 |
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Intelligent Document Processing | Content Management |
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2023 | 2023 |
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CRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
|
|
|
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Customer Data Platform | CRM |
|
2017 | 2017 |
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Tag Management | CRM |
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2018 | 2018 |
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ITSM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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IT Service Management | ITSM |
|
2024 | 2024 |
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TRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Treasury Management | TRM |
|
2021 | 2021 |
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PaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Transactional Email | PaaS |
|
2017 | 2017 |
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Transactional Email | PaaS |
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2023 | 2023 |
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Transactional Email | PaaS |
|
2023 | 2023 |
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IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
|
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Application Hosting and Computing Services | IaaS |
|
2016 | 2016 |
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Application Hosting and Computing Services | IaaS |
|
2024 | 2024 |
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Cloud Storage | IaaS |
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2016 | 2016 |
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Content Delivery Network | IaaS |
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2017 | 2017 |
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Content Delivery Network | IaaS |
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2024 | 2024 |
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CyberSecurity
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Identity and Access Management (IAM) | CyberSecurity |
|
2023 | 2023 |
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