GROW­ERS FUND AC­QUIRE NEW LEND­ING SOFT­WARE

Fiji Sun - - Business - CHARLES CHAM­BERS

Sugar Cane Grow­ers Fund signed an agree­ment for the ac­qui­si­tion of new Lend­ing Man­age­ment Sys­tem yes­ter­day.

Chief Ex­ec­u­tive Officer Raj Sharma said it was an his­toric oc­ca­sion for a move to a real time tech­no­log­i­cal plat­form.

He said SCGF had gone through a com­pre­hen­sive ten­der process and eval­u­a­tion, in­clud­ing independen­t as­sess­ment to se­lect the ven­dor.

Ven­dor Datec Fiji Pte Lim­ited has part­nered with In­dian tech­nol­ogy com­pany, Se­same Soft­ware Solutions Pvt. Ltd for the so­lu­tion-Bea­conPro. “The com­bi­na­tion of Datec, a lo­cal ICT Solutions com­pany and Se­same a renowned ICT so­lu­tion provider from In­dia gives greater com­fort to us,” Mr. Sharma said.

Se­same’s re­lent­less pursuit of tech­no­log­i­cal ex­cel­lence and su­pe­rior in­no­va­tion has given birth to (BFSI) solutions that ex­tend across var­i­ous ver­ti­cals from full-fledged So­lu­tion Suite to Smart­phone Apps. “Se­same boasts sev­eral solutions that has sat­is­fied SCGF cus­tomer ex­pec­ta­tions and gained the status of In­spired In­no­va­tion in­clud­ing in the space of Fi­nan­cial In­clu­sion, “said M Sreeku­mar, As­so­ciate Vice Pres­i­dent of Se­same. “Datec is pleased to be cho­sen by SCGF for the im­ple­men­ta­tion of the New Lend­ing Man­age­ment Sys­tem and its be­lief in part­ner­ships will en­sure SCGF gets value from their in­vest­ment,” Veer Sharma, Branch Man­ager West for Datec Fiji Pte Ltd said. Mr Sharma said grow­ers would ben­e­fit from the tech­no­log­i­cal ad­vance­ments in the new sys­tem. The Fund has ap­prox­i­mately 26,000 ac­counts [both spe­cialised and pri­or­ity loans] with lend­ing port­fo­lio of ap­prox­i­mately $30 mil­lion in­clu­sive of in­di­vid­ual farm­ers and other in­sti­tu­tional loans and ad­vances.

“There is a steady progress in the port­fo­lio and re­vi­sion of the prod­ucts and ser­vices, ex­pected to have sig­nif­i­cant growth in years to come,” Mr Sharma said. “The current sys­tem has been op­er­a­tional for more than 13 years and needed to change.”

“The project is ex­pected to roll out from next month and com­plete by March 2020,” the Fund’s Acting Man­ager In­for­ma­tion Tech­nol­ogy, Ms. Sheetal Shalini.

“This new sys­tem will im­prove ser­vices of the lend­ing to the grow­ers, real time bal­ance, con­nec­tion and com­mu­ni­ca­tion, in­clud­ing most of the data and process au­to­ma­tion,” she added.

“This will also im­prove the data ac­cu­racy and re­port­ing and over­all bet­ter ser­vices to the grow­ers.”

The sys­tem in­cludes the Apps and real time loan ap­pli­ca­tion sub­mis­sion.

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