Sunday, November 17, 2024

Shangri-La signs agreement to use CRS from Infodevelopers

 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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