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Branch expansion is an essential growth strategy for non-banking financial companies (NBFCs) to expand their market reach and offer better financial services to their customers. However, the expansion process often comes with several challenges, including coordinating multiple vendors, managing timelines, ensuring consistency in design across locations, and maintaining regulatory compliance. These challenges often cause delays, overspending, and inconsistencies in the branch expansion process, thus affecting the quality of service delivery.
To help overcome these challenges, Baaz offers top-notch turnkey interior design solutions with PAN India execution capabilities for NBFC branch expansion projects. In this blog post, we will address the common challenges that NBFCs face during expansion and how Baaz's turnkey solutions can provide solutions to these problems.
During branch expansions, NBFCs face several challenges that can slow down the process or lead to inconsistencies across locations. For instance, coordinating multiple vendors in plumbing, electrical work, carpentry, and HVAC installation can be challenging. Moreover, managing timelines and constraints in project execution can often lead to delays or project halts.
According to our experience, project management and hands-on coordination across the various trades is often tricky for NBFCs. "While executing a project like an NBFC branch expansion, we need to coordinate between departments, stakeholders, and locations. Any deviation or miscommunication can lead to significant challenges or overspending," says Shabaz Khan director, BAAZ and AK Interiors Designing Pvt.Ltd.
A turnkey solution is the easiest and most efficient way to have a single point of contact for multiple expertise needed for the project. In the case of NBFC branch expansion, partnering with a turnkey interior design solution provider like Baaz ensures seamless execution and minimum coordination across multiple levels. Baaz takes up complete ownership of an end-to-end (turnkey) project execution solution, right from planning to commissioning.
This method, in turn frees up much-needed time and energy for the NBFC to focus on its core operations' expansion. Rather than coordinating between multiple vendors and managing these relationships, the turnkey solution provider assumes end-to-end responsibility, thus enabling the NBFC stakeholder to have more time to ensure the smooth daily Operations of the branch.
With PAN India execution capabilities, Baaz aims to make the coordination and execution of expansion projects even more efficient for NBFCs. Baaz maintains a clear communication and clarification process on SOW to be executed. "With our in-house technical team, we ensure that our clients get top-of-the-line execution solutions that are not just cost-effective but also timely. With our PAN India execution capabilities, we can manage projects across multiple locations in a seamless manner," explains Shabaz Khan.
In addition, Baaz's dedicated internal manufacturing unit is in charge of all furniture setups, which ensures easy and fast furniture flow between the various worksites and saves time in the long run.
For NBFCs, designing a workspace that aligns with their brand image and enhances customer experience is essential. Working with a turnkey solution provider such as Baaz, which has years of experience, can ensure that the workspace created enhances customer experience and promotes better overall engagement. "Our commercial interior design solutions are tailored to create a space that aligns with a brand's image. We work closely with stakeholders to ensure that the workspace reflects the brand's values while keeping in mind the customers' preferences," adds Shabaz Khan.
Moreover, Baaz ensures that they provide quality interior design services in carpets, civil work, plumbing, electrical work, HVAC installation, POP, and Painting, notwithstanding regulations compliance. This way, the design reflects the brand's image and meets regulatory compliance requirements.
In conclusion, strategic partnerships with the best turnkey interior design solution providers, such as Baaz, can minimize coordination challenges and reduce the overall impact of the branch expansion process. As highlighted, prioritizing a turnkey solution provider who can coordinate project teams with excellent PAN India execution capabilities is vital to overcoming NBFC branch expansion challenges. By embracing a comprehensive turnkey interior solution, NBFCs can avoid common inconveniences, reduce costs, save time, and focus on their primary business while enjoying a seamless location expansion process with minimal roadblocks.
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