Teknowmics: Addressing Core Business Needs With An Advanced Tech-Driven Platform

Teknowmics: Addressing Core Business Needs With An Advanced Tech-Driven Platform

CIO Vendor Today, Enterprises are focusing on enhancing their internal processes and systems by addressing varied challenges; in turn increasing the demand for enterprise applications. Moreover, the pandemic has accelerated the need for automating various business processes as people work from home and social distancing norms are to be observed. Touchless and paperless solutions have become the need of the hour, apart from the need to automate other manual processes. Today's enterprises need a holistic solution to address - quick access to the countless artefacts ­ both physical and digital, connect such analog artefacts or documents with the digitized data bringing in full traceability, accelerate automation of manual processes using low code tools leading to reduced timeline and costs, provide insightful dashboards and more. Catering to this immediate need, Teknowmics offers its product Iqxora - a cutting-edge, advanced technology-powered unified platform that uniquely serves all such needs of the enterprises thus accelerating their digital transformation journey.

Small to medium sized organizations are trying to address automation of various business processes including some core business processes as ERP packages are not found affordable by them. In large organizations, by and large the ERP solutions or home grown systems have addressed the core business needs. There are still a lot of peripheral processes which are mostly manual ­ most of them are accomplished over emails, chat and phone calls. These, and the interactions with external stakeholders (Supplier, Customers, etc) are now being addressed as part of the digital transformation journey. Iqxora addresses all these and streamlines business operations for enhanced results.

`Businesses are expecting a unified platform which addresses their content collaboration and workflow automation needs, at reduced timeline and costs (low code). We are one of the very few players globally who can provide such a unified platform,' says Devadas Parakkal, Founder & CEO, Teknowmics.

Increasing Efficiency and Productivity of Client Businesses
In large organizations, by and large the ERP packages or home grown systems would address the core business needs ­ Finance, Procurement, HR, etc. But there are still many peripheral processes which are mostly manual ­ tasks executed over emails, chats, phone calls and Excel sheets. Enterprise have stopped short of automating such processes by customizing the ERP packages, due to the following reasons - High licensing costs of ERPs, high cost of customization and not so intuitive UI/UX.
The disparate core systems of a business also need to be stitched together ­ e.g. - CRM and ERP. While the prospect/lead data is maintained in CRM and the Customer master data is maintained in the ERP, the customer onboarding process (including ever changing KYC process) may still be manual. Automation of such processes bring in higher level of efficiency and traceability, besides addressing the compliance needs. Teknowmics with its platform helps its clients seamlessly do the same and augment business outcomes of its clients.

Teknowmics' solution is complaint with all enterprise level security requirements including end-to-end encryption of data, restricting access to specific user groups, devices, IPs and so on and so forth. It has delivered to top global investment banks who demand the highest level of security requirements.

The Major Factors that Differentiate the Company among its Peers
Today's enterprises deliver products or services to their clients using a large ecosystem of external stake holders ­ suppliers, partners, distributors, etc.


The company has seen huge success in the past few years and is currently working on enhancing their offering as per client needs and market demands.


Enterprises need a unified platform which addresses all their content collaboration and workflow automation needs including interactions with external and internal stakeholders, at reduced timeline and costs (low code) and Teknowmics is one of the very few players globally, that can provide such a unified platform.

The Road Ahead
The company has seen huge success in the past few years and is currently working on enhancing their offering as per client needs and market demands. A few of its prominent endeavours include- Enhancing usage of Deep Learning and Machine learning technologies to further improve process efficiencies in enterprises; introducing block chain technology for improved traceability of content; building focussed vertical solutions to address specific market needs and others.

`Our biggest customer base today is in Japan. Having successfully delivered to a market which demands the highest level of quality, we feel we are ready to delight any customer in the world,' he concludes.

Offers its Iqxora a cutting-edge, advanced technology-powered unified platform that uniquely serves all such needs of the enterprises in tandem with their digital transformation journey.