LankaBangla Finance Limited to deploy IFS Applications 9 for 1,300 employees to drive customer service efficiency
IFS, the global enterprise applications company, announces that LankaBangla Finance Limited (LBFL) has chosen to implement IFS Applications 9 to support mission-critical processes such as financials, procurement, inventory management, HR, and document management.
After an extensive evaluation process covering all major tier-one ERP vendors, IFS Applications was selected for its user-friendliness, robust local support, and successful track record in Bangladesh.
The solution will be deployed and rolled out across all LBFL branches and around 1,300 employees will be connected to the system giving management throughout the organization a complete view of resources and performance for quick and accurate decision-making.
IFS Applications will support business-critical processes such human resource management, which covers the strategic aspects of recruitment planning, recruitment, training and development, competency mapping and development.The solution also supports operational HR aspects such as time and attendance, payroll, employee administration, benefits, and expenses management.
IFS Applications will empower LBFL with the ability to monitor and map the employees’ complete hire-to-retire process. In addition, the IFS solution has built-in statutory functionality and features reports that are specific to enterprises in Bangladesh.
IFS’s HR module will be seamlessly integrated with back-end finance modules such as general ledger and accounts payable and receivable.
“We were impressed with the capabilities of IFS Applications. Combined with the professionalism and commitment demonstrated by the IFS team gave us the confidence to select IFS Applications as the most fitting solution to achieve our objectives,”LBFL CEO & Managing Director MrMd Nasir Uddin Chowdhury said.“We look forward to a rapid implementation and a long and fruitful collaboration with IFS.”