• This product / solution is essential, when an Institution / Organization looking:
  • When migrating from “Cash” to “Accrual” Accounting
  • To eliminate Islands of data and inaccurate report
  • Where processes are not standardized
  • To reduce Person dependency – Manual & Excel Records
  • Where delay in honoring bills/claims
  • To resolve Year-End hassles of compilation of reports
  • To reduce Administration hassles and its activities
  • To enable a transparent and accountable system of process and operations
  • There are many tangible and intangible benefits of the SFACTS. Some of the key benefits are:
  • GFR and Policy compliances in all the operations
  • Digital Governance enablement
  • Automation of all the financial, administration processes in a Govt. set-up
  • Transparency, Accountability through Online Approval Engine
  • Faster consolidation of financial information
  • Total avoidance of conflicting and confusing multiple databases
  • Unified module - Role based processes
  • Quicker Go-Live - Shorter Cycle of Migration
  • Domain Expertise – Helps in effective user adoption
  • True, the percentile of success in any of these kind of initiatives is relatively low.
    • Here are our key attributes which we follow that ensures better success rates and adoption:
    • Strong in Domain (Subject Matter Expert)
    • Understand and demonstrate the Policies / Rules of accounting processes
    • Engage with every stake holder in bringing this change of work
    • Work closely with the key decision makers / management team and appraise them the benefits. Involve them in the regular reviews and bringing the change
    • Developed a proven solution which has been effectively used in many Institutions.
  • Yes, it is important for the initial phase to have an on-site resource at the implementation site.
  • Sthira as part of their implementation approach provides the resource during this phase. This can be extended looking at the need of the customer and their preparedness.
  • We can support our product related services anywhere in the Country. These supports are managed remotely as technology enables these processes effectively
  • No. Sthira and their flagship product SFACTS can be implemented anytime during the year
  • Sthira has developed an unique implementation methodology – ADOPT – which helps in migrating the past data at any cut-off date.
  • Training is the absolute key success for these implementations
  • We have a focused approach on these trainings and in fact we carry out the training one-to-one (irrespective of the size / users). This ensures the user to comprehend their activities and nuances while managing the SFACTS effectively
  • SFACTS uses the best of the technology to ensure the both the application and database layer is highly secure.
  • Many controls have been built-in the application at various role holder’s level.
  • The database is strong and robust and can manage complex and voluminous of data.
  • Complete back-up of database is been automated in the SFACTS
  • The database further complemented with internal security systems, firewalls etc.,
  • SFACTS has been built with integration capabilities with other application.
  • It adopts the standard processes and enables the seamless integration
  • SFACTS can work on both the options
  • In the On-Premise model, the hardware, software and other related infrastructure would be provided by customer. Here the SFACTS will work on intranet mode and it does not require INTERNET
  • In the Cloud solution / Hosted Solution, the infrastructure along with the SFACTS application would be provided by STHIRA
  • To use this model, the respective customer should ensure their willingness and available of internet at all the time (or whenever they access the SFACTS)
  • With a short span of time, SFACTS have been implemented in renowned Research & Academic Institutions, Autonomous Institutions with National Importance under the Ministry of Health & Family Affairs, Ministry of Human Resource & Development (MHRD), Institutions under Indian Council of Medical Research (ICMR), Institutions under The Department of Science & Technology (DST) of Central Govt. of India
  • The solution is also installed in many of the large Institution which are National Importance stature and they are fully enjoying in using the software
  • In each of the above implementation, customer’s constructive feedback has improved in many ways & standardized the PRODUCT as well our deployment methodologies. Key attributes of these feedback’s helped in:
    • Product Performance – Speed of transactions & processing
    • Building more Proactive Alerts – Event based
    • Better Approval Cycle process - Visibility
    • Effective & Decision making Dash boards
    • Easier User-Interface – With relevant screens for relevant roles
    • Better Training, Adoption & Retention
  • Yes! We would love to show-case our comprehensive solution to the prospects at their convenience
  • To know more, please click on the Contact and update your details and we will revert with a plan soon.