Kathmandu. Infodevelopers Pvt. Ltd., a leading software development company, and Shangri-La Development Bank, one of Nepal’s prominent financial institutions, have officially signed an agreement to implement Infodevelopers’ Comprehensive Reconciliation System (CRS) to automate and streamline the bank’s reconciliation processes.
The agreement was signed by Mr. Arbin Pradhan, Director of Infodevelopers Pvt. Ltd., and Mr. Apoorba Prasad Joshi, Chief Operating Officer of Shangri-La Development Bank, at a ceremony held at the bank’s head-office. The event was also attended by key members from both organizations, including Mr. Subash Paudel, Corporate Manager at Infodevelopers, Mr. Dileep Dawadi, Business Development Manager at Infodevelopers, and Mr. Santosh Pangeni, IT Head of Shangri-La Development Bank.
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. 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.
Speaking on the partnership, Mr. Subash Paudel, Corporate Manager at Infodevelopers, said, “We are delighted to collaborate with Shangri-La Development Bank and provide a solution tailored to their reconciliation needs. 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.”
Mr. Apoorba Prasad Joshi, COO of Shangri-La Development Bank, 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.”
The implementation of CRS software will not only improve Shangri-La Development Bank’s internal operations but is also expected to strengthen its financial management practices, helping the bank maintain a competitive edge and improve its customer service.
