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nformation technology (IT) solution company Nintex is aiming to strengthen its foothold in the country by targeting more financial institutions with its workflow software.

Nintex territory manager for Asia Andy Gunawan said in a press conference on Tuesday that Nintex, in collaboration with software giant Microsoft and local IT firm PT eBiz Cipta Solusi, were aiming to win over a further 120 banks as its clients this year, adding to its current total of 30 clients in the country.

Andy said that Nintex currently had 5,000 institutional customers worldwide, with Indonesia becoming its fastest-growing market across Asia.

Nintex had a wide range of corporate clients in Indonesia, most of them in the banking sector.

'€œBanks in Indonesia are and will be institutions that need efficient data-handling the most as they deal with a pool of customers,'€ he said.

Andy said that there was more pressure in the form of regulations on banks related to data handling and that they had a more pressing need for good data processing for opening bank accounts, credit card applications and other aspects.

Indonesian banks had some of the highest operational costs in Southeast Asia due to slow data processing, he said, adding that Nintex'€™s software would provide cost-efficient automated systems for business processes. Dedy Lingga, president director of eBiz Cipta Solusi, through which Nintex sells its software, said that he was upbeat that there would be great demand for the software as big data use had great potential in the country.

'€œBig data'€ refers to large volumes of data collected over time, which are difficult to analyze and handle using common database-management tools.

The software would help banks to process their data more quickly and more accurately, key factors in managing big data, he said.

Microsoft Indonesia small and mid-market solutions and partners director Peter Lydian said that there would be a pressing need for Indonesian companies to use reliable software to manage their data as more firms would be generating big data on the back of a growing number of customers.

'€œThere is also the need to manage and use data correctly that will not only reduce firms'€™ operational costs, but also generate more cash,'€ he said.

A large-sized company can make up to Rp 92 trillion (US$7.9 million) if it applies data-analytical tools comprehensively, according to recent research by the International Data Corporation (IDC).

US companies that use big data comprehensively, earn $658 billion from the data use, while their counterparts in Singapore and Thailand earn only $8 billion and $3 billion, respectively, the report shows.