Southtech Signed A Teaming Agreement With SRIT
10 Mar, 2021
Southtech has recently signed a teaming agreement with SRIT, a leading hospital management software solution provider from India. SRIT is a 21-year-old software products and services company based in Bangalore, India.
Establishing a presence in over 21 different countries across US, Europe, the Middle East, Asia Pacific and Africa, SRIT’s products and solutions have permeated each of their customer’s geographic regions of operation.
With SRIT and Southtech’s partnership, we aim to provide the best hospital management software solution in Bangladesh for a better and well-equipped health care system.
Southtech announces Strategic Partnership with iNube
28 February, 2021
iNube Software Solutions Pvt. Ltd., a leading provider of digital insurance solutions to the global insurance industry and Southtech Limited, a renowned ICT services provider in Bangladesh with excellence in software development, have entered into a strategic partnership to expand and increase the outreach of innovative software solutions for the insurance sector in Bangladesh. The iNube-Southtech partnership brings together extensive industry expertise with deep domain knowledge to support clients through successful digital transformation across the insurance value chain for product design, sales and distribution, underwriting and policy administration, policy servicing, claims management and reinsurance.
“We are excited to be partnering with Southtech Limited” said Mr. Ramprasad Sanjeevi, Executive Director, Sales & Marketing, iNube Software Solutions Pvt. Ltd. “We believe our partnership is a unique proposition for Insurance companies in Bangladesh. As agricultural sector is an integral part of the country’s economy, our Agri-Insurance Platform can empower insurance companies to provide agriculture insurance products, under various government and non-government sector schemes to service and protect farmers from natural calamities. On the other hand, ClaimsLive Health, an end-to-end health claims management platform is tailored to the needs of the healthcare insurance sector enabling quick claim settlement turnaround time enhancing customer-insurer relationship. Furthermore, when regulations in Bangladesh are eased to allow banks to sell insurance as distributors, AVO Bancassurance Portal can help pave the way to raise the insurance penetration with easy distribution of insurance products to the banks’ customer base.”
Elaborating on the partnership, MD & CEO of Southtech Group, Mr. Syed Mamnun Quader said-“Bangladesh’s insurance sector is lagging behind other regional countries by big margins. With iNube, we are putting technology, expertise and leadership on the table to modernize, innovate, and build the future of the insurance sector in the country. iNube’s suite of products, which are highly configurable, are built on the latest microservices technology. Therefore, they can be easily and rapidly customized to suit an insurer’s exacting needs. Moreover, insurers who have already invested in a core insurance solution but does not have the modern digital add-ons at the field level can easily integrate them seamlessly through open APIs thus providing the best ROI an insurer can possibly get.”
To know more about the insurance management software, click here!
Southtech Wins The Daily Star ICT Award 2020-Local Market Focus
29 December, 2020
Southtech Ltd. got recognition for endless contribution in the local market of the software industry by the leading newspaper of the country The Daily Star. On 29th December, 2020 on a virtual event, they received the ICT Award 2020- Local Market Focus.
Upon receiving the award, Mr. Syed Mamnun Quader- MD & CEO of Southtech Ltd. expressed his gratitude to The Daily Star and said- “receiving an award like this from the leading newspaper of the country is indeed an honor and truly inspiring”.
Aso Gori Unnayan Sangstha (AGUS) goes live with Southtech's Ascend Financials
11 November, 2020
Recently, Aso Gori Unnayan Sangstha (AGUS) one of the oldest MFIs of the country has signed an agreement with Southtech for their microfinance system Ascend Financials. On Saturday 7th November 2020, the sign up took place at Southtech’s Uttara office.
With the integration of Ascend Financials, AGUS can now future-proof their microfinance operation in one go. With features like hybrid mode, portfolio transfer, branchless banking and 360-degree reporting, AGUS can make their daily operations easier than ever.
Previously they worked with Southtech’s desktop version microfinance system Ascend Banking and now when they decided to upgrade from desktop to cloud, Southtech was their first choice!
Sunrise Microfinance, Uganda Goes live with Ascend Financials
7 October, 2020
Sunrise Microfinance, a fast-growing microfinance institution with branches all over Uganda, has recently signed an agreement with Southtech’s microfinance solution Ascend Financials for 4 of their branches. Whether you are a small MFI looking to make a change or the industry leader, Southtech’s flagship product Ascend Financials is your one-stop microfinance solution.
With the integration of Ascend Financials, Sunrise Microfinance can now future-proof their microfinance operation in one go. With features like hybrid mode, portfolio transfer, branchless banking and 360-degree reporting, Sunrise microfinance can make their daily operations easier than ever.
Southtech assists financial institutions in writing off bad loans using Robotic Process Automation
2 July, 2020
Yearend closing is the time when financial institutions look towards cleaning up their balance sheets by taking their bad loans off their loan portfolio for financial prudence and compliance with regulatory authorities.
Normally, a lender is allowed to set-off bad loans against any deposit accounts or proceeds from collaterals. The process of writing off of loans therefore, when carried out one by one, can be quite a laborious and time consuming activity. First the user has to check whether there is any legal case associated with the loan, in which case, it cannot be touched, whether there is any account balances that can be set off against the bad loan, do the accounting vouchers to transfer balances, etc.
Southtech has now introduced Robotic Process Automation (RPA) to overcome this labor intensive process for its clients. RPA is a business process automation technology using software robotics to carry out a series of manual activities that a human would do by mimicking those same human activities, but only more accurately. Using this technology, Southtech has helped its clients identify loans that can be written-off against a set criteria and adjust 4,000+ loans against deposit accounts and written off 3,500+ loans on June 2020 year-end closing, saving approximately 1,000 man hours of the clients’ work. i.e., about 140 man-days.
Southtech Signs Agreement With LDDP, Government Of Bangladesh
28 May, 2020
Southtech recently signed an agreement for Consulting Services for Computerized Project Management and Information System (CPMIS) with the Livestock and Dairy Development Project (LDDP). The project is headed by the Government of Bangladesh under the Department of Livestock Services. The LDDP project shall promote climate resilient productivity growth, enhance market access, and improve risk management among smallholder farmers and agro-entrepreneurs by providing support for climate smart production systems, farmer empowerment and commercialization. The project shall foster a market-led transformation of livestock production, while ensuring that the supply response to growing demand is sustainable, inclusive, safe, and environmentally conscious.
To this end, the project shall improve the ecosystem for value chain development by financing key infrastructures including markets, and access to market, insurance and financial products and services, capacity building and knowledge.
Southtech (Bhutan) Private Limited Gets Awarded As The Best Employer Brand!
30 Mar, 2020
Southtech’s Bhutan wing recently got recognized for its efforts in developing the IT workforce of the country. Southtech (Bhutan) Private Limited was awarded in the ‘Best Employer Brand Awards 2020’ category. Dr. R. L. Bhatia, Chief Editor & Founder, World CSR Day, handed over the award at a grand event organized on 1st March, 2020 at the Taj Tashi Hotel. Around 40+ different institutions were present to receive awards in different categories.
60 Branches Of RDRS Automated With Southtech's Microfinance Software In Just One Month!
18 Mar, 2020
So far, Southtech has already successfully implemented Ascend Financials, its flagship microfinance solution in 121 branches of RDRS out of the total 242. Southtech takes pride in being a part of RDRS’s continuing progress. A week long training session was held in Thakurgaon and Jashore recently.
Southtech gets appraised At CMMI L5: V2.0
15 Mar, 2020
We just became the first and only company in the country to be appraised at CMMI L5: V2.0. We had been previously appraised at CMMI L5: V1.3, back in 2017. We believe that this achievement has been made possible due to our never-ending dedication towards practicing the best practices for maintaining quality processes. Implementing CMMI practices in our software development projects help us to serve our clients better than anyone else. To know more, click here!
Southtech at BASIS SOFTEXPO 2020
16 Feb, 2020
Southtech participated in the 16th BASIS SOFTEXPO 2020 which is the largest private-sector exposition aimed at showcasing IT and ITES products and services in Bangladesh. At this year’s BASIS SOFTEXPO, Southtech had two stalls. One is the mini pavilion where they demonstrated all their products and the other one is in the VAT zone. As an NBR enlisted software company, they had a separate stall dedicated to their exclusive VAT software EasyVAT.
Southtech Participates In The 2019 PKSF Fair
22 Nov, 2019
The ‘Development Fair-2019’ hosted by PKSF (The Palli Karma-Sahayak Foundation) was held on 14th November 2019 to 20th November 2019 in Dhaka. In this seven day-long fair, alongside many other PKSF program participants, Southtech was also presented. Southtech exhibited their flagship product Ascend Financials that have helped many microfinance institutes in the country like, RDRS, SSUS, Srizony, who work with PKSF, to help build a better future for the people in need.
Southtech's Ascend Financials gets Awarded by BASIS
Southtech received the 2nd runner-up award in the BASIS National ICT Awards 2019, under Business Services (HC-BS)- Finance & Accounting Solutions (Fintech) category for their advanced microfinance solution Ascend Financials. BASIS National ICT Awards 2019, took place at the Radisson Blue Water Garden Hotel on 12th October, 2019. The project team members of Southtech Ascend Financials received the award from Zunaid Ahmed Palak, State Minister for ICT Division.
Mr. Syed Mamnun Quader Recognized As CIP-2017
07 Sep, 2019
The MD & CEO of Southtech Group, Mr. Syed Mamnun Quader received the CIP (export) card 2017 for making significant contribution to Bangladesh’s export trade. On September 7, A card giving ceremony was organized by the Government of the People’s Republic of Bangladesh at CIP Export and Trade-2017 at the Hotel Intercontinental at Shahbag, Dhaka. Honorable Commerce Minister Tipu Munshi presented him with the honor card on the occasion
Panel Discussion Event On Microcredit Organized By Southtech
08 July, 2019
Southtech organized a Panel Discussion titled “Financial Inclusion through Digitization of Microfinance”. The event was held on the 29th of June at a hotel in Uttara. It was headed by Gouranga Chakraborty, MF-CIB Project Director of Microcredit Regulatory Authority (MRA). One of the highlights of the event was the launch of the whitepaper titled- “SOS Signals from Six Areas that Financial Inclusion Could Rescue”. Read more here.
Southtech Helps the Underprivileged Prepare for Winter
11 Dec, 2018
Southtech organized a Winter Clothing Distribution on 11 December, 2018. A Winter Clothing Drive was arranged prior to the distribution where Southtech employees donated warm clothes and cash. The items of clothing included socks, jackets, sweaters, mufflers, caps, shawls, pants, etc. for both adults and children. Volunteers from Southtech distributed the clothes amongst orphans in Sonaigazi Hafizia Madrasa and Orphanage and residents of Tun Tongir Char, Shimulbari Union, Fulbari Upazila in Kurigram.
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