Our very first customer meet happened on November 21st, 2022, in Chennai on the occasion of 15 years of NCS Soft Solutions. It was for our South customers and with lots of planning in a short span we made it a great event. The event also marked the launch of our New Product eTHIC CAAM. The event started off with a prayer in the presence of Our Guest of Honor Mr. Nabankur Sen, Chairman Mr. Subramaniam N, CEO Mr. Shanmugavel P, COO Mr. Asir Roy Dinesh, CFO Mr. Padmanabhan and all our board & advisory members, valued customers, and team members.
Our CEO Mr. Shanmugavel P gave the welcome address, thanking all the Customers for making their presence and supporting us. He started off the welcome address by taking a nostalgic journey of NCS and its accomplishments over the last 15 years. CEO then welcomed and introduced our Guest of Honour Mr. Nabankur Sen, who officially was the first Customer of our product eTHIC. He also welcomed our Chairman Mr. Subramaniam N and shared how the organization met him and other advisory board members. He also mentioned on our next target which is to enter into the International market and he explained the steps taken for the same. He then shared his gratitude towards the customers and the company’s Mantra Always What Else, What Next, Now we are looking from here to where…
We next welcomed our Chairman Mr. Subramaniam N on stage, and he addressed the audience with great cheer. He delivered a very inspiring speech about how the Company NCS was taken up, how humble our CEO & COO were. Becoming the chairman, he put forth the marketing strategies, financial payment strategies, sales strategies and including the advisory board members. The hard times faced, and the growth of our company was so well explained and laid down the target for the future as well. He then launched the new Product eTHIC CAAM and the logo for the same.
We next welcomed our Guest of Honour Mr. Nabankur Sen. Our CEO Mr. Shanmugavel P welcomed him with warm greetings and a bouquet. Mr. Nabankur Sen gave a speech which was very informative and about the various roles played by him. He started of his speech by explaining the meaning of his name Nabankur which Means “Seed”, ‘When a new seed comes it grows, like that I planted a new need for NCS and they have grown into a tree now, which gives me an immense pleasure.’ As his name he was instrumental in many ‘firsts’. Established the first Systems Audit setup and formation of the Information Security Department. He also formed the Systems Audit wing of the Internal Audit department at Axis Bank. He was the first CISO of Axis Bank. After retirement from Axis Bank he was associated with Bandhan Bank, since its inception, for 5 years as CISO. Currently he is engaged with HSBC as an External Consultant. He was very humble and silent amongst the crowd. When he spoke, his words revealed him and proved only empty vessels make more noise. He was first in many things and first to become a customer of NCS as well. We were very proud to have him there. He believed in us, and our product eTHIC and we made it happen the best way.
Once our Guest of Honour’s speech was over, we called upon our COO Mr Asir Roy Dinesh on stage to talk eTHIC CAAM. He gave an introduction of new product eTHIC CAAM and its advantages. How this product would meet the future requirements and covered the technical aspect of eTHIC CAAM. He showcased our road map for Integrated eTHIC CAAM, eTHIC RMS release 1 and eTHIC GRC release 1. He then set the expectation of what more to expect from NCS in future,
Once Dinesh’s speech was concluded with more technological inputs the stage was for our promising advisory member Mr. Muralidharan to give Strategic and Business insights of eTHIC CAAM. He introduced the eTHIC CAAM features which would meet the pain points of the audit and make the work of the audit department easier. How there will be very little or no manual intervention. In future eTHIC CAAM alone can meet all the requirements and can be used for Operations as well. The new Analytical dashboard designed using Power BI specially for the top management to view a collective information to help take immediate steps wherever required. With time constraint, he was forced to stop because eTHIC CAAM is very widely covering all the needs of audit.
Then we called upon our valuable advisory member Mr. Harshit Jain for a speech. His rich sales, product management, and solution delivery experience is helping NCS in its global endeavors. His speech was more benefiting NCS and the Customers present. He interacted with most of the crowd present with his highlighted presentation of a face, where people can see a young lady or an old lady or both. With that he approached and described co-creation activity and appreciated KVB for their interest and participation. They are the first customers for the Co-creation workshop. He then highlighted the key points on Celebrating Success Together and Welcome to next gen economy and concluded his speech.
We welcomed Mr. Rakesh, our Business partner to address the gathering. He has spent 35 years in Banks and several multi-national companies like Oracle, Microsoft and Sun Guard and Indian software companies like Intellect Design Arena and FSS at CXO positions, is now supporting NCS in areas of business strategy, marketing, business development, market penetration, partnership, etc. in the global endeavors.
As his speech started the crowd was energised to hear. He spoke with respect to all the roles and explained the pros and cons. He also set a challenge for NCS and team for a solution which will be future centric and that is more advanced than CAAM. As per NCS Mantra we will have to focus on what next and what more is what he said. Invariably what will the organization do if the Customer is loyal and has few documents missing and another case is Customer has all the documents and followed the procedure but has no ethics. How will this be handled to bring down the risk to the organisation. Such scenarios were discussed and explained briefly which attracted the audience.
He was very time specific and set the timer to finish his speech on time.
We then introduced our guest from 360 TF, partner for the Middle east, Mr. Nadkishore. He gave a very delightful speech and informed us that he would have been worry free if this product was known to him 10 years back. He has promised to make this product reach in the middle east.
Our next and main event was honoring our valued customers. We had different categories in honoring. The categories were
We then welcomed our advisory member Mr. Jaganathan. He gave a very nostalgic speech where he remembered all of them who were present as he was there in the start of implementing digitization for most of the banks. He was so happy about the customer meet and wanted more such meetings to get customer feedbacks on our service and expectations. He did mention that NCS products are one of the best audit tools that every institution needs and finished his speech.
We then welcomed our CFO Mr. Padmanabhan for vote of thanks. On behalf of the team, he shared his gratitude for everyone who attend the event & to the speakers who shared their graceful words on this occasion. He 2mentioned his special thanks to our chief Guest Mr. Nabankur Sen & Chairman Mr. Subramaniam N. He thanked Our CEO Mr. Shanmugavel P & our COO Mr. Asir Roy Dinesh for this wonderful event and for making everything happen. He thanked our advisory members for being there for us. He thanked all the customers who were present at the event with a special thanks to customers who traveled from other states to attend this event. He then thanked the who had toiled from behind the scenes for making this event a successful one with a special mention for the compering team Mr. Abhijith and Ms. Kokila.
With the Vote of thanks, we concluded our event followed with a group photo and dinner.
In recent years, Artificial Intelligence (AI) has transformed industries with automation, data-driven insights, and enhanced operational efficiency. Auditing, traditionally a meticulous and manual process, is no exception. AI tools, including Machine Learning (ML) models and Large Language Models (LLMs), are enabling auditors and developers to tackle complex challenges in innovative ways. Let's delve into how these technologies are shaping audit functions and what it means for developers working in this field.
NCS'ites Speaks
In digital design, making certain parts stand out is essential for helping users move through products and reach their goals easily. However, its important to use these attention-grabbing elements carefully, so they dont compete with each other or look like ads. This is where the von Restorff effect, a principle based on making things different to stand out, helps us use contrast smartly and guide users focus.
NCS'ites Speaks
As businesses continue to face complex challenges, the role of auditors has become increasingly vital in safeguarding the integrity, business, operations and accuracy of financial reporting. As such, auditors must keep up with the ever-changing industry trends to ensure they provide the best service possible to their clients.
NCS'ites Speaks
We are living in the world of things which are interconnected through internet. The onset of digitalization era has opened up a lot of opportunities for every one, especially, for business and enterprise. From Mobile banking, to online shopping, to reading news and books, everything is just one click away.
NCS'ites Speaks
In today interconnected business landscape, organizations increasingly rely on third-party vendors and partners to deliver products and services. While these partnerships offer numerous benefits, they also expose businesses to potential risks, including data breaches, regulatory violations, and reputational damage. Establishing a robust Third-Party Risk Management (TPRM) program is crucial to safeguarding your organization from these threats. In this blog, we’ll walk you through practical steps to create an effective TPRM program, ensuring a secure and resilient business ecosystem.
NCS'ites Speaks
Using Artificial Intelligence (AI) in Internal Audit can bring numerous benefits, enhancing the efficiency and effectiveness of the Audit process. AI technologies, such as machine learning and natural language processing, can be leveraged to perform various tasks and analyses that were traditionally conducted manually, saving time and resources while increasing accuracy. Here are some ways AI can be utilized in Internal Audit:
NCS'ites Speaks
Over the past decade, the world of industry has undergone significant changes in the field of risk management. With advancements in technology, changes in business practices, and increased global competition, effective risk management has become more critical than ever before. In this article, we will explore the evolution of the industry in the past decade in risk management and the challenges and opportunities that lie ahead. Here are some of the ways in which the landscape of risk management is changing and evolving.
NCS'ites Speaks
The success of any organization is dependent on the strength of its risk management and internal audit processes. Together, they create a powerful foundation for success! Third-party risk management has become increasingly important as organizations outsource more of their operations to external vendors, suppliers, and service providers. These third parties can introduce a range of risks, including cybersecurity, operational, financial, legal, and reputational risks. To manage these risks effectively, organizations need to implement a robust third-party risk management (TPRM) program. In this article, we will discuss TPRM and the role of internal audit in it.
NCS'ites Speaks
Our very first customer meet happened on November 21st, 2022, in Chennai on the occasion of 15 years of NCS Soft Solutions. It was for our South customers and with lots of planning in a short span we made it a great event. The event also marked the launch of our New Product eTHIC CAAM. The event started off with a prayer in the presence of Our Guest of Honor Mr. Nabankur Sen, Chairman Mr. Subramaniam N, CEO Mr. Shanmugavel P, COO Mr. Asir Roy Dinesh, CFO Mr. Padmanabhan and all our board & advisory members, valued customers, and team members.
NCS'ites Speaks
Financial Crime Risk Management Frauds, scams, financial crime have become so common, they are used almost everyday and happening around us constantly They fill pages in newspapers globally. It is also correct to mention that digital innovation has speeded up the financial crime multiple times and also innovation in carrying out the financial crimes. People are finding new ways to swindle information and money online, which thankfully, also leads to people finding new ways to protect themselves from such online scams.
NCS'ites Speaks
Understanding Web Application Security! The growth of internet and its development increases in a daily basis
NCS'ites Speaks
Why are Trainings Backbone of any Organization? Training is one of the pillars in any organisation.
NCS'ites Speaks
At NCS SoftSolutions, we believe in acknowledging and celebrating the unique contributions of everyone in our team. This Mens Day, we came together to honor the strength, dedication, and camaraderie of the incredible men in our office.
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We are thrilled to receive an appreciation memento from VHS Blood Bank for our continuous support in organizing blood donation camps. At NCS SoftSolutions, we believe in giving back to the community, and this recognition inspires us to keep contributing to meaningful causes.
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We celebrated our Mumbai team's dedication with a special dinner filled with laughter, great conversations, and delicious food. Here's a glimpse of the memorable nightthank you to everyone who made it special!
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What a memorable day it was! We celebrated 17 incredible years of NCS SoftSolutions and embraced the spirit of Diwali with joy, laughter, and togetherness. From heartfelt speeches, exciting games to delightful food and gifts, the evening was filled with unforgettable moments. The energy, enthusiasm, and camaraderie of our team made it a celebration to cherish forever.
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In an esteemed recognition of industry leaders, Corporate Connect, in collaboration with Business Connect India, has acknowledged NCS SoftSolutions for its significant accomplishments and pioneering innovations in Governance, Risk, and Compliance (GRC) and audit digitisation.
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It was fantastic day of celebration! Congratulations to all those who have successfully completed their Tech MBA program, and full cheer to all teams who participated in the NCS Cricket League 2024. It has been fulfilling to witness inspiring achievements in education and exhilarating moments on the field all in one day. Here's to many more milestones and victories ahead!
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As World Blood Donors Day is on 14th June 2024, We at NCS SoftSolutions Pvt Ltd had a Blood Donation Camp today at our office premises along with VHS (The Voluntary Health Services) to raise awareness and encourage voluntary, safe and unpaid blood donations.
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As the Head of the Digital Media team at NCS Softsolutions, I was thrilled to moderate the webinar "Gold Loan Auditing Unveiled: Navigating Today's Challenges and Strategies for Effective Navigation," which took place on June 13, 2024. We had industry experts who shared valuable insights on auditing, technology, and business management in the context of gold loans.
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We're thrilled to share that Corporate Connect's 'Impact Feature - Business Excellence Awards 2024' has honored us with the title of 'Cutting-edge AI Audit Solution - 2024'. This recognition celebrates our outstanding growth and unique contribution to the industry.
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NCS Annual Business Meet 2024-2025! Our recent business meet has been a success. Amidst a dynamic atmosphere of collaboration and innovation, our team showcased unparalleled dedication and expertise, leading to achievements. Together, we have elevated our company to new heights and set the stage for even greater accomplishments ahead.
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We're thrilled to announce the completion of our TECH MBA programme! It's been an incredible journey filled with hard work, dedication, and growth.
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On the occasion of International Women's Day, we highlight the voices of our remarkable women associates to express their journey within the organization, reflecting on the supportive work environment.
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Here is to a new beginning! As we expand our office space and aim to take the company to new heights. Thank you for your continuous support.
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We are thrilled to share that Rangamani Associates Chartered Accountants Firm has placed a groundbreaking order.
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NCS Pongal Celebration 2024. Creating wonderful memories together as we celebrated Pongal with NCS family.
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Step into the Future of Auditing and get to know how Remote Continuous Audit is Revolutionizing the Field, by NCS SoftSolutions' Webinar “The Third Eye of The Future : Remote Continuous Audit”.Click the below button to play full video.
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Kindly find the links below *Note: Do use Google translator to read the articles in English.
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We're thrilled to announce that our onsite Customer Support Team associates have successfully completed their comprehensive 'on-the-job' in-house training.
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Our Chairman Mr. Subramaniam N giving a speech on "Digitalization in Audit function in Financial Services Industry", at IAIB National Conference 2023, Indonesia.
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Successfully done with our seminar on "Governance and Audit Role in Quality Improvement of P2P Lending Industry" today (11.07.2023), along with Exlayer and AFPI, at Jakarta, Indonesia.
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For prompt filing of returns and payment of Goods and Services Tax during the financial year 2022-23, thereby substantially contributing to building a strong and resilient nation.
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Are Auditors soft targets to blame for Corporate Failures? Learn more about auditors' role in corporate governance and their potential implications. Watch Now our Webinar on Corporate Failures - Are Auditors a Soft Target to Blame? By NCS SoftSolutions as top industry experts share their insights.
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The power of collaboration and innovation can bring about remarkable changes. We are proud to have implemented eTHIC CAAM in one of India's leading banks, and the results have been inspiring!
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NCS SoftSolutions Pvt Ltd at the 6th Insurance India Summit & Awards 2023 at Westin, Goregaon, Mumbai. Visit Us to know more.
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Video Link : Business Meet 2023 - 24
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As you all know we had a fun-filled Pongal celebration with Pooja, Pongal, music, and much more. We also had a Rangoli and Pot Painting Competition. Our hearty Congratulations go to all the winners and all the participants.
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NCS as Company of the Year 2020 CIO Magazine
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Our CEO Mr. Shanmugavel's and Mr. Baskar Rao, Chief General Manager of Audit and Inspection from Union bank of India, Hyderabad, at Audit Zonal Office Meeting.
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GITEX Gulf Information Technology Exhibition, NCS exhibits eTHIC in Dubai
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Foothold into cooperative world as we work with Saraswat Bank for digitalizing their Audit Universe
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Received Audit Automation order from J K Bank
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First Breakthrough in Small Banks NCS bags order from ESAF Bank
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We're reaching the end of my current series, and in these 19 weeks, I've shared many long articles. Now, I'd like to capture the essence of these writings with a two-part recap of the key takeaways, to reflect on this journey.
Paddy's Corner
In continuation of last week's analysis of the current popular read The Psychology of Money by Morgan Housel, here are additional key takeaways that provide valuable insights
Paddy's Corner
This week, I'll be discussing a book that's been trending among many of my younger colleagues, especially after it was highly recommended by actor Arvind Swamy in an interview.
Paddy's Corner
For this week, I'd like to discuss a book that's a cornerstone for anyone beginning their self-help journey: Rich Dad Poor Dad. This book, popular since its publication in the late 90s, truly sets a solid foundation for financial understanding. I first read it in the early 2000s, and although I didn't fully grasp its potential back then, upon reflection, I see how insightful and ahead of its time it was. I strongly encourage everyone to give it a read.
Paddy's Corner
To conclude my corporate journey, I am going to discuss two leaders whom I admire the most.
Paddy's Corner
Today I am going to discuss how an entire Team led by a Great Leader had helped an Associate to reclaim life and move forward.
Paddy's Corner
Continuing my Learnings from the Corporate Journey. Today, I want to recount an incident that highlights the importance of grit and timely action from a leader.
Paddy's Corner
Continuing with my learnings from the corporate journey, I want to touch on two important aspects.
Paddy's Corner
A quote that has driven me through various stages of my life is, "Reading is a journey of discovery."
Paddy's Corner
Typically, I start by highlighting the topic before sharing my thoughts, but this time, I decided to switch things up. After all, I believe in practicing what I preach about not succumbing to the quicksand called monotony
Paddy's Corner
Recently, I have seen many posts on my feed about young students successfully qualifying for their final examinations, and their next goal is to secure a position in a good company. In light of these events, I wish to share the journey of my career as well.
Paddy's Corner
These past few weeks, I've shared my investment journey, but my educational background is a crucial part of my life that I want to highlight. "Resilience" is the principle that has guided me through this journey.
Paddy's Corner
My journey is one of continuous learning. Although I have an interest in learning all aspects available, I have come to understand the necessity of aligning my curiosity with my goals. This endeavor has taught me the importance of Focused Curiosity.
Paddy's Corner
Continuing with our theme-based posts, this week I wanted to shed light on a habit emphasized as fundamental in the investment world: Curiosity
Paddy's Corner
"The power of compounding". Einstein called it the eighth wonder of the world. The Sage of Omaha, Warren Buffett, practices it. His student, the founder of Pabrai Investment Funds and Dakshana Foundation, Mohnish Pabrai, preaches it.
Paddy's Corner
My journey with this newfound thought began six years ago when I was striving to find my purpose in life. I used every resource available, whether by reading hundreds of books from libraries and stores, starting a Gratitude Journal, practicing affirmations, etc.
Paddy's Corner
Driven by curiosity and a desire to continually learn, Mr. Padmanabhan Raman (Paddy) - CFO - NCS SoftSolutions (P) Ltd, embarked on a journey of knowledge. With the mentorship of Mr. Sanket Pai, he began writing blogs, sharing the wealth of information he acquired through extensive reading. Paddy, will now be sharing his valuable insights through a weekly blog series, starting today. We hope you enjoy these articles and gain meaningful life lessons from them. Happy reading!
Paddy's Corner