Kathmandu, Nov. 14
Infodevelopers Pvt. Ltd.
and Shangri-La Development Bank have signed an agreement to implement
Infodevelopers’ Comprehensive Reconciliation System (CRS) to automate and streamline
the bank's reconciliation processes.
Arbin Pradhan, Director
of Infodevelopers and Apoorba Prasad Joshi, Chief Operating Officer of
Shangri-La, signed the agreement to that effect on Wednesday.
"The CRS software is
designed to simplify the reconciliation process by ensuring accurate matching
of financial data, which is essential for regulatory compliance and maintaining
financial integrity," the company said in a statement. With the
introduction of this software, Shangri-La Development Bank aims to improve its
internal operations, reduce manual work, and increase overall efficiency in
financial management, it said.
Subash Paudel, Corporate
Manager at Infodevelopers, said, "Our CRS software is built to offer
smooth integration, faster processing, and greater accuracy, which we believe
will significantly enhance the bank's operational efficiency."
Likewise, Apoorba Prasad
Joshi, CEO of Shangri-La, added, "As part of our ongoing efforts to
improve the efficiency and reliability of our financial operations, we have
chosen Infodevelopers’ CRS software. This will streamline our reconciliation
process, minimize errors, and enhance the quality of our financial
reporting."
Published in The Rising Nepal daily on 15 November 2024.
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