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Poonawalla Fincorp, a major player in the financial sector, is embracing AI to streamline and enhance its Human Resources (HR) operations. By integrating AI technologies, the company is improving the efficiency of recruitment, reducing costs, and increasing the accuracy of hiring decisions. Faster and More Efficient Recruitment Process One of the most significant improvements with AI has been in the recruitment timeline. Whereas it once took as much as ten days to finalize a job offer, AI now allows Poonawalla Fincorp to complete the process in under a day, representing a dramatic 90% reduction in time. Automation tools handle tasks like resume filtering and document verification, speeding up the process while cutting down operational costs. Cutting Costs and Boosting Productivity AI’s introduction has led to considerable cost reductions for Poonawalla Fincorp. By automating routine tasks, the company has been able to reduce its operational expenses. HR professionals now have more time...

  Poonawalla Fincorp Limited, promoted by the Cyrus Poonawalla Group, is revolutionizing HR processes by adopting Artificial Intelligence (AI) within its Strategic Business Unit (SBU). Transforming Recruitment CTO Salil Hajarnis has introduced cutting-edge AI tools that have reduced the time to finalize job offers from ten days to less than one—a 90% improvement. Automated processes in candidate screening and document verification have optimized efficiency and reduced costs. “AI integration is a pivotal step in our digital transformation journey,” said MD and CEO Arvind Kapil. AI-Powered Enhancements Quick Resume Matching : Speeds up candidate selection. Automated Verification : Ensures error-free processes. Streamlined Workflow : Reduces manual input. Effortless Job Postings : Accurate and timely listings. Instant Assessments : Accelerates decision-making. Employee Support Innovations A WhatsApp-based AI bot is being deployed to address employee concerns in real time. This techno...

  Speed and Precision: AI Optimizes Recruitment Timeframe Poonawalla Fincorp Limited, an esteemed non-banking financial company under the Cyrus Poonawalla Group, has taken a bold step in revolutionizing its HR operations by incorporating Artificial Intelligence (AI). This innovation has led to an astonishing 90% reduction in job offer finalization time, decreasing the entire process from 10 days to under one day. This transformation allows the company to respond to candidates quickly, enhancing the speed and efficiency of its hiring operations. AI Tools Empower HR Teams and Save Resources The integration of AI has not only sped up the hiring process but also significantly improved HR team efficiency. AI algorithms are now being used for tasks such as matching candidates with job profiles, performing automated document verification, and screening applicants in real-time. These AI-driven processes ensure that the recruitment team can focus on higher-value activities like strategic de...

Artificial Intelligence (AI) has firmly established itself as an essential tool for businesses today, revolutionizing industries across the globe. Poonawalla Fincorp is at the forefront of this project, working alongside IIT Bombay’s Technology Innovation Hub to integrate AI into its human resources (HR) processes. This partnership is a significant step in the company’s broader initiative to digitally transform its operations and enhance efficiency across various functions. Revamping Recruitment with AI One of the most striking changes at Poonawalla Fincorp is the overhaul of its recruitment process. Traditionally, hiring could take up to ten days to finalize, but with the advent of AI, this timeline has been drastically reduced to less than a day.  AI now handles critical steps such as candidate screening and document verification, automating these processes to improve speed and accuracy. The AI system quickly analyzes resumes, matches candidates with job descriptions, and verifie...