NDB signs MoU with Codevus to give customers value chain management facility through ERP

Wednesday, 28 October 2020 00:00 - - {{hitsCtrl.values.hits}}

From left: NDB Manager – Micro Finance and SMEs Madura Uduwaragedara, NDB Assistant Vice President – Legal Vidisha Jayawardena, NDB Assistant Vice President – Digital Financial Services Damitha Silva, NDB Vice President – SME, Middle Markets and Business Banking Indika Ranaweera, NDB Director/Group CEO Dimantha Seneviratne, Codevus Chief Executive Officer Lahiru Kodippili, Codevus Director Business Consulting and Development Raj Aboobucker, Codevus Chief Technology Officer Lakshitha Karagaswewa and Codevus Secretary Eshan Marlon Fernando

NDB recently signed a Memorandum of Understanding (MoU) with Codevus Ltd. under NDB’s ‘Jayagamu Sri Lanka’ initiative as a means to give customers a value chain management facility through a comprehensive ERP platform enabling them to efficiently handle their day to day administrative functions as well as support chains.

Accordingly, NDB entered into a partnership with Codevus to deliver an Enterprise Resource Planning (ERP) platform branded ‘dislio’ to the Bank’s SME base.

The ERP solution provides a cost-effective platform that enables its users to efficiently manage their entire value chain, from administrative functions to HR, inventory management, supplier management, etc.

NDB has thus taken the first step towards providing comprehensive ERP solutions by tying up with Codevus to deliver an affordable, efficient and user friendly interface to enable the bank’s SME base to develop their businesses especially during times such as these where the COVID-19 pandemic has made a massive impact on businesses around the globe.

The Small & Medium Enterprises (SMEs) contribute to almost half of Sri Lanka’s economy and provide employment to more than 52% workforce. The SMEs are thus an important part of the ecosystem and it is imperative that they get access to the right infrastructure to grow.

NDB introduced the ‘NDB Jayagamu Sri Lanka’ initiative in order to create a pathway for Sri Lanka’s exporters, innovators and entrepreneurs to have the necessary means to target the companies that are looking to diversify their supply chain, thus bringing in much needed revenue in to Sri Lanka.

The uniqueness of ‘NDB Jayagamu Sri Lanka’ is that it is more than just a loan scheme with loan approval in seven working days to assist entrepreneurs, exporters and innovators of the country. It is also a platform in which they will receive a boost to kick start their businesses as well as a place in which they will receive the support and the means to create new innovative ways to sell their wares. NDB, along with nearly 10 non-financial service and solution partners, will assist SMEs, innovators and exporters with financial and non-financial support.