S&S Business System introduces ‘Smartlend 3G’ enterprise solution

By David Ebert

S&S Business Solutions last week announced the company’s partnership agreement with Sundaram Infotech Solutions Ltd, a subsidiary of Sundaram Finance India, to market and provide support services for the company’s latest enterprise solution software ‘Smartlease 3G’ in Sri Lanka.

Developed specifically for the financial services industry, the completely internet enabled software promises quick implementation, user friendly features and a significant reduction in manual interventions within the management of lending and leasing services, thereby increasing a company’s operational efficiency and turnaround times.

Speaking at the launch, S&S Business Solutions Director/CEO Sumudu Wanniachchi stated: “We, through our longstanding client relationships, extensive experience serving a broad array of financial services organisations and strong conviction about intelligent business practices, have an existing reputation among banks, financial service institutions and insurance industry players in Sri Lanka. This experience enables us to intervene and offer clients exceptional quality and diverse capabilities with the personal attention their business needs and deserves.”

Also present at the ceremony was Sundaram Infotech Solutions Head of Financial Services S. Sudarsan who spoke at length on the product and assured Sri Lankan users of its purposed built efficiency in streamlining an organisation’s business processes.

 “Sundaram Infotech Solutions, India is an end to end software solution provider to non banking finance companies over the last 10 years and we are proud to announce the business partnership with S & S Business Solutions for the release of our new product Smartlend 3G in Srilanka. Smartlend 3G was developed with a high business focus approach using only the latest technology and using a scalable and service oriented architecture with emphasis on ease of use in a highly secured environment.  “Smartlend 3G is highly configurable and work flow based architecture provided on a framework that ensures efficiency, accuracy, reduced transaction cost and easily adaptable to diverse needs of finance companies.”   

Sudarsan went on to state that the software which is set to ensure high interoperability with third party applications and quick implementation too has already generated high interest among banking and non banking financial services companies.

The Smartlend 3G enterprise software can manage multiple lines of a company’s business such as loans, leasing, which includes operating leasing, factoring, term loan, working capital, project finance, gold loans, pawning operations and micro finance among others. The business module of Smartlend 3G is also designed to seamlessly integrate with most contemporary financial accounting systems in use, in addition to its own exhaustive financial accounting module has the capability of managing treasury operations well.

Sundaram Infotech Solutions will have their own after sales support team based at the partner office in Colombo their partner office and will be carrying out training programs for the local staff as well.   S&S Business Solutions is headed by Shirley Perera, a banking and finance sector veteran who has previously held key managements positions in both state and private sector banking and finance companies and is also a three-term Chairperson of the Finance Houses Association of Sri Lanka, consisting of 32 finance companies registered with the Central Bank of Sri Lanka.