NEWS & EVENTS
September 5th 2017: VSM along with PVin Corp has procured an order from a large public sector bank in India for FATCA-CRS compliance under its “solution assisted data remediation model” – this assignment is for the calendar year ending 31st Dec 2017, reporting to be made in May 2018
September 5th 2017: VSM being technology partner of PVin Corp, has successfully completed installation & delivery of upgraded “Factor” to a large private sector bank in India. Factor is an integrated application for FATCA-CRS compliance
August 18th 2017: India’s third largest Pharma Company has signed up with VSM to implement the KEA-CRM solution in some of their divisions
August 18th 2017:We are implementing the required functionality to handle GST related details in our Sample Warehouse Management System. This will help in generating delivery challenge with required SAC Code and GST %.
August 4th 2017:Large Pharma MNC has placed an order to implement VSM’s SFE application for one of their division.VSM successfully cleared all the security requirements and won the deal
July 21st 2017:A Danish Pharma major has placed an order to implement VSM’s Continuous Medical Education (CME) module, with some additional mobility features. The company already uses some of the other KEA modules.
July 21st 2017:A multinational medical devices company, which uses VSM’s CRM application, has signed a contract with us to help them in their Secondary Sales Data management.VSM will gather data from 400+ stockists, consolidate and provide analytical reports
July 21st 2017:A Bangalore based Healthcare solutions company which has pharma sales force working on behalf of clients is to use KEA CRM and the T &E module for its sales force. The sales force, currently about 140, is set to expand considerably.
June 19th 2017:Hyderabad based company, which is engaged in manufacture of Veterinary Biologicals and Medicines and having strong presence in domestic & international market closes a deal with VSM
June 1st 2017:Many new Mumbai-based clients have signed up with VSM for our CRM KEA in May. Among them is a mid-sized company which focusses on Dermatology Products.
June 1st 2017:VSM is the technology partner for PVin Corp of USA, a company that specializes in providing FATCA-CRS solutions to bank.
In India, Central Board of Direct Taxes (CBDT) set a deadline of May 31st, 2017, for reporting of certain categories of FATCA-CRS accounts.
We have successfully assisted 6 banks to comply with this deadline by providing IT and Consulting services. PVin Corp’s product FACTOR was used in these services.
May 16th 2017:Mumbai based Pharma companies, one which is into branded & OTC product and another one into innovative product for treatment for different etiology closes the deal with VSM
April 1st 2017:A major bank in South India has decided to implement FATCA -CRS solution Of PVin Corp. The solution implementation and all the associated services will be provided by VSM.
“With this, we are now assisting several banks in FATCA-CRS compliance. The value of the solution that acts as an accelerator, and our services is appreciated by the banks” say, Ravindran-Consultant-Banking
April 1st 2017:VSM will develop and Implement the Appraisal and Payroll generation module for a large Mumbai based Pharma Company. This will automate the entire Appraisal and Payroll generation process. Post the Appraisal rating, System will generate the increment based on rating over existing salary to derive at a new salary for the period.
March 20th 2017:A Spanish pharma major has signed a contract with us for deduplication of its doctor data, for their India joint venture. VSM has a proprietary tool and process that is used for de duplicating doctor data.
The company has a total doctor data base of over 1.2 lakh doctors visited by their MR s from different SBU s in Cardiology, Neurology, Gastroentology, Respiratory, pain management, Diabetology, women and child health. Once we do the deduplication, the company will have a set of unique doctors with parent-child relationship defined.
March 1st 2017:A Bangalore based specialty pharma company has signed up for our CRM solution. The company is a fast growing company working in Oncology. VSM’s product KEA was selected for its advanced features on many fronts, including E-Detailing.
A Mumbai based fast growing company in primary care has also signed up with us.
March 1st 2017:“VSM’s strength lies in the diversity of services that we offer to the industry. Doctor profiling and de-duplication are very important areas, especially for large companies with multiple SBU s. We believe that these companies need to have optimal and de-duplicated master data on doctors for 2 main reasons:
1. To get a 360 degree view of the doctor across all businesses of the company
2. To optimize the sales effort on doctors
We have assisted many large companies reap benefits from our de-duplication tool and process”, says Ms Priya of VSM.
March 1st 2017:“VSM will be assisting one more bank, this time, a leading Mangalore based bank, on compliance for Foreign Accounts Tax Compliance Act (FATCA) and Common Reporting Standards (CRS). VSM is the technology partner for a US company and will be using their solution as an accelerator.
15th february 2017:VSM has been awarded a contract to execute “Solution Assisted Data Remediation” by one more private sector bank.
“With the combined functional and technical expertise on Foreign Accounts Compliance Act (FATCA), and Common Reporting Standards (CRS), and the use of the product (from our US associates) that we use to accelerate work, banks have everything to gain by using our service. Which is why more and more banks are working with us” says, Ravindran, Consultant-Banking at VSM.
More banks are expected to work with VSM.
16th January 2017:VSM’s contract to support a large Public Sector Bank on Flex cube has been enhanced. VSM has signed a long term contract for this L1 support with this bank, which has over 5000 branches. (Primary contract of the bank is with IBM)
VSM has also won a large long term contract with another public sector bank for both L1 and L 2 support. This public sector bank has over 4000 branches. (Primary contract of the bank is with IBM)
1st January 2017: VSM, along with its US partner on FATCA/CRS solutions, is developing and implementing a Data Capture utility for CRS (Common Reporting Standards), for a large South India based bank. With this, the bank can augment data from their core banking solution, that would be needed for reporting to CBDT.
1st January 2017: VSM wins a contract to do Business Analysis and develop functional specifications for a small finance bank, based in Bangalore. This is likely to be a 6-8 months contract.