Sri Lanka’s premier private sector retail bank HNB PLC signed a Memorandum of Understanding (MoU) with next-gen collaborative cloud computing product developer Thinkcube Systems (Pvt) Ltd., to introduce the latter’s renowned ‘ezBiz’ enterprise resource planning (ERP) software to small and medium enterprises (SMEs).
HNB entered into this partnership with the objective of fulfilling the market gap of ERP solutions for the Bank’s lower level SME clientele, at an affordable rate.
“Businesses of all scales can operate seamlessly and focus more on growth over focusing on the day-to-day operations, when they are equipped with the right technology. This is very evident with SMEs that are at the very early stages of the business, or if they are manually operating at full capacity. This is what we aim to disrupt through this partnership, and Thinkcube System’s ‘ezBiz’ ERP solution is the perfect tool, which our potential and existing SME customers can utilize at special/concessionary rates,” commented HNB Mr. Niluka Amarasinghe (Head of SME Products and Partnerships).
The ‘ezBiz’ solution is an integrated cloud business application which caters the vital requirements of businesses, while ensuring a user-friendly experience with ease of access to their business data anytime, from anywhere.
Aspiring SME customers may see this as the perfect opportunity to take their business to the next level, being enabled with cloud-based capabilities including Purchasing, Point of Sale (POS), Accounting, Inventory, Jobs, Sales and Customer Relationship Management (CRM).
“Our ERP solution can be seen as a very successful tool used by a magnitude of SMEs, including mobile shops, pharmacies, hardware stores, bookshops, cosmetic shops, restaurants, clothing stores and mini marts. We envision our home-grown ‘ezBiz’ solution becoming a household name, and found a great opportunity to accommodate a much larger scope of SME customers through this partnership with HNB,” said Thinkcube Systems (Pvt) Ltd Mr. Damitha Kariyawasam (Director- ThinkCube Solutions (Pvt) Ltd).
HNB will be working together with Thinkcube Systems, sharing internal human resources to make initial introductions and facilitate potential customers with the fully-fledged ERP solution. The Solution enables the SMEs to extract vital MIS on their business in a convenient manner which would help them to use them effectively when they seek credit facilities from Financial institutions.
Under the MoU, HNB will play a key role in sourcing potential SMEs to uplift their operating standards, while Thinkcube Systems (Pvt) Ltd will ensure the proper functioning of the ERP platform, services and aftersales services.
Photo caption: HNB Deputy General Manager- Retail and SME Banking, Sanjay Wijemanne (fourth from left) exchanging the MoU with Thinkcube Solutions Chairman, Alexis Lovell (fifth from left) with (from left) HNB Undergraduate Trainee, Nethmini Morawaggoda, HNB Head of SME Products and Partnerships, Niluka Amarasinghe, and HNB Assistant General Manager, SME K. Indravasan, Thinkcube Solutions Director, Irishad Ally, Thinkcube Solutions Director, Damitha Kariyawasam, Thinkcube Solutions Group Finance Controller, Chandima Dilrukshi and Thinkcube Solutions Assistant Manager Human Resources, Nipuni Perera.