SquareNow for ₹500 Cr+ NBFCs and enterprise lenders
If you run an NBFC with ₹500 Cr or more AUM, your decisions are made by committee, your timelines are quarterly, and your existing LMS is a sunk-cost question more than a technology question. SquareNow Enterprise is for the situation where the board has decided to consolidate operating cost and the question is which platform replaces or layers on top of what you have today.
What enterprise looks like at our scale
A 12 to 16 week implementation. A dedicated solutions architect. A migration playbook for moving live loan books from legacy systems without service interruption. SOC 2 / ISO 27001 documentation (in progress; we are honest about the timeline). Single sign-on, audit-grade access controls, and a deployment that fits inside your existing IT governance.
The cost-out case
For NBFCs in the ₹500 Cr to ₹5,000 Cr range, the cost-out case is straightforward. AI agents performing onboarding, underwriting checks, bucket-1 collections, and audit log generation reduce ops headcount need by 30 to 40 per cent over 18 months. The savings compound: lower cost per loan, faster disbursal velocity, lower NPA aging, less audit-prep firefighting.
We do not ask you to take this on faith. The implementation includes a measured baseline of your current cost-per-loan, and a quarterly review against it.
Migration without service interruption
Most enterprise LMS migrations fail not on the new system but on the migration. SquareNow’s migration approach is documented and proven on multiple deployments: parallel run for 4 weeks, transactional cutover for 1 day, hypercare for 30 days. Borrowers do not experience the migration.
Integrations
We have built native connectors with the major Indian core banking systems, accounting platforms, KYC vendors, payment partners, bureaus, and document repositories. Custom integrations are part of the enterprise scope.
Engagement model
Annual contract tiered by AUM. Implementation fee billed separately. Customer success manager dedicated. Quarterly executive review with metrics that map to your operating committee’s view of the world.
What this is not
Not a fit for Tier-1 banks running on enterprise core banking systems with mature in-house tech. Not a fit if you need a customised core banking replacement. Not a fit if your timeline is “this quarter” — enterprise deployments take 12 to 16 weeks at minimum.
If we are not a fit, we will tell you that on the first call. You can use the time better elsewhere.