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Newsroom

PROSTUT Digitizes Its E-Commerce Retail Operation with southtech's EasyPOS

13 March, 2024

PROSTUT Signs Agreement with Southtech for EasyPOS -Newsroom

PROSTUT.com, an e-commerce venture of PROSTUT Bangladesh Limited, has recently signed an agreement with Southtech Limited for EasyPOS. PROSTUT will automate its entire retail operation using Southtech’s web-based point of sales (POS) solution, EasyPOS. The agreement was signed on the 27th of February, 2024, in Dhaka.

Southtech’s EasyPOS is one of the most comprehensive point-of-sale systems for retail management. Since its inception, it has been helping many businesses make their retail activities effortless. PROSTUT.com is predominantly an e-commerce retailer, and from now on, it will be able to leverage all the benefits of EsyPOS and streamline its retail process.  

Allex Pharma Automates Its Business Process With Southtech's EasyPOS

1 January, 2024

Allex Pharma Signs Agreement with Southtech for EasyPOS

We proudly announce that Allex Pharma has recently signed an agreement with Southtech for EasyPOS. In order to automate its entire medicine retail operation, Allex Pharma will use Southtech’s web-based Point of Sale (POS) Solution, which will allow them to manage their inventory, handle accounts, process bills and more. 

 

EasyPOS, as one of the best retail management systems in the market, Southtech’s EasyPOS has been a popular name among its kind and helping many businesses make their retail activities effortless. Like many other retailers, Allex Pharma will also be able to run its operation automatically, reducing costs and boosting its growth.  

 

Allex Pharma Signs Agreement with Southtech for EasyPOS

Allex Pharma Automates Its Business Process with Southtech's EasyPOS

1 January, 2024

We proudly announce that Allex Pharma has recently signed an agreement with Southtech for EasyPOS. In order to automate its entire medicine retail operation, Allex Pharma will use Southtech’s web-based Point of Sale (POS) Solution, which will allow them to manage their inventory, handle accounts, process bills and more. 

 

EasyPOS, as one of the best retail management systems in the market, Southtech’s EasyPOS has been a popular name among its kind and helping many businesses make their retail activities effortless. Like many other retailers, Allex Pharma will also be able to run its operation automatically, reducing costs and boosting its growth. 

Vitacare Digitizes Its Operation with southtech's EasyPOS

4 December, 2023

Vitacare signs agreement - Newsroom

Vitacare, a concern of Vitalac Dairy & Food Industries Ltd., one of the fastest-growing dairy and food manufacturing companies based in Dhaka, has recently signed an agreement with Southtech for EasyPOS. According to the recently signed agreement, Vitacare will use Southtech’s web-based Point of Sale (POS) Solution to digitize their operation. From now on, they will be able to manage their inventory, handle accounts, process bills and more. 

EasyPOS is one of the most comprehensive POS solutions in the market, with advanced features to empower retailers. As Vitacare joins our clientele, EasyPOS will help make their retail activities effortless by running their operation automatically, reducing costs.

 

Wazib Pharma Signes Agreement with Southtech for EasyPOS (1)

Wazid Pharma Automates Its Operation with Southtech's EasyPOS

16 November, 2023

Wazib Pharma, one of the largest Pharmacy in Keraniganj, has recently signed an agreement with Southtech for EasyPOS. Under this agreement, Wazib Pharma will use Southtech’s web-based Point of Sale (POS) Solution to automate their operations which will allow them to manage their inventory, handle accounts, process bills and more. As the best retail management system, Southtech’s EasyPOS has been helping a number of businesses make their retail activities effortless. From now on, Wazib Pharma will also leverage this tool and run its operation automatically, which will reduce costs and help it grow faster.  

Wazid Pharma Automates Its Operation With Southtech's EasyPOS

16 November, 2023

Wazib Pharma Signes Agreement with Southtech for EasyPOS (1)

Wazib Pharma, one of the largest Pharmacy in Keraniganj, has recently signed an agreement with Southtech for EasyPOS. Under this agreement, Wazib Pharma will use Southtech’s web-based Point of Sale (POS) Solution to automate their operations which will allow them to manage their inventory, handle accounts, process bills and more. As the best retail management system, Southtech’s EasyPOS has been helping a number of businesses make their retail activities effortless. From now on, Wazib Pharma will also leverage this tool and run its operation automatically, which will reduce costs and help it grow faster.  

 

Expeditors (Bangladesh) Ltd. Renews Agreement with southtech for sCALED

 24 July, 2023

Expeditors (Bangladesh) Ltd., the Bangladeshi wing of Expeditors International, a global logistics company headquartered in Seattle, Washington, has recently signed a contract renewal agreement with Southtech Group for SCALED. Expeditors (BD) Ltd. has been using Southtech’s HR solution, SCALED, since 2020, running their HR operations smoothly throughout the journey.   

Southtech remains one of the pioneers of technological innovations in the Bangladeshi IT industry, and with its comprehensive HR solution – SCALED, it has been serving many organisations for over 20+ years.

Newsroom - Expeditors (1)

On the other hand, Expeditors is an international logistics giant that employs trained professionals in 346 locations in 101 countries. They are well-synced with a seamless worldwide network through an integrated information management system where SCALED has been playing a vital role.

Expeditors (Bangladesh) Ltd. Renews Agreement With Southtech For SCALED

24 July, 2023

Newsroom - Expeditors (1)

Expeditors (Bangladesh) Ltd., the Bangladeshi wing of Expeditors International, a global logistics company headquartered in Seattle, Washington, has recently signed a contract renewal agreement with Southtech Group for SCALED. Expeditors (BD) Ltd. has been using Southtech’s HR solution, SCALED, since 2020, running their HR operations smoothly throughout the journey.  

Southtech remains one of the pioneers of technological innovations in the Bangladeshi IT industry, and with its comprehensive HR solution – SCALED, it has been serving many organisations for over 20+ years. On the other hand, Expeditors is an international logistics giant that employs trained professionals in 346 locations in 101 countries. They are well-synced with a seamless worldwide network through an integrated information management system where SCALED has been playing a vital role. 

 

Mithaiwala to Automate its retail operation with southtech's EasyPOS

22 June, 2023

Mithaiwala signs agreement with Southtech for EasyPOS- Newsroom -final

Southtech Group is excited to announce that Mithaiwala, one of Bangladesh’s largest traditional sweets shops, has recently signed an agreement to digitise its retail operations using Southtech’s web-based Point of Sale (POS) solution EasyPOS. The agreement, signed on 20th June 2023, will enable Mithaiwala to automate its entire sales process, helping them streamline its business, reduce costs, and drive growth.

EasyPOS is known for its comprehensive features and has been successfully assisting businesses in automating their retail activities for several years. With the collaboration, Mithaiwala can now take advantage of this advanced technology to enhance its sales process and overall business efficiency. 

 

KSA Motors OPC Automates Its Retail Operation With Southtech's EasyPOS

15 June, 2023

Southtech Group is pleased to announce that KSA Motors OPC, a prominent automotive retailer and car care service provider based in Dhaka, has recently signed an agreement to automate its retail operation with EasyPOS. According to the agreement, signed on 12 June 2023, Southtech will digitise its entire sales and service process with its web-based point of sale (POS) solution.  

Southtech’s EasyPOS is the most comprehensive retail Point of Sale (POS) system in the market. And it has been helping many businesses automate their entire retail activities for many years. From now on, KSA Motors OPC will also be able to leverage this cutting-edge technology to streamline its sales process, run its operation, reduce costs and boost growth.

KSA Motors OPC Automates Its Retail Operation With Southtech's EasyPOS

15 June, 2023

KSA Motors OPC Signs Agreement with Southtech for EasyPOS

Southtech Group is pleased to announce that KSA Motors OPC, a prominent automotive retailer and car care service provider based in Dhaka, has recently signed an agreement to automate its retail operation with EasyPOS. According to the agreement, signed on 12 June 2023, Southtech will digitise its entire sales and service process with its web-based point of sale (POS) solution.  

 

Southtech’s EasyPOS is the most comprehensive retail Point of Sale (POS) system in the market. And it has been helping many businesses automate their entire retail activities for many years. From now on, KSA Motors OPC will also be able to leverage this cutting-edge technology to streamline its sales process, run its operation, reduce costs and boost growth.

 

Mehedi Mart and Three Others Automate Their Retail Operation With Southtech’s Web-Based POS Solution — EasyPOS

2 April, 2023

Mehedi Mart and Three Others Automate Their Retail Operation With Southtech’s Web-Based POS Solution — EasyPOS

Mehedi Mart, a concern of the Rongdhanu Group, has recently signed an agreement with Southtech for EasyPOS. According to the agreement, they will use Southtech’s web-based Point of Sale (POS) solution – EasyPOS, to automate their retail operation – manage their inventory, handle accounts, process bills and more. Moreover, three other companies have also signed agreements with Southtech to automate their operation with the online point-of-sale (POS) solution.

Southtech’s EasyPOS is a complete Point of Sale (POS) system to streamline retail operations. And since its inception, it has been helping a number of businesses make their retail activities effortless. From now on, Mehedi Mart, along with Ritu’s Mart, Ashta Super Shop and Ahasan Motina Food Bazar, will be able to run their operation automatically, reduce costs and grow faster.  

With SMS Notifications And Mobile Financial Services (MFS), RDRS-Bangladesh Is Now On The Next Level!

19 February, 2023

Southtech signs agreements with RDRS

RDRS-Bangladesh has recently signed two agreements with Southtech to automate its microfinance operation with SMS alerts and Mobile Financial Services (MFS). Based on the contracts, Southtech will integrate SMS alert and mobile repayment options into Ascend Financials, which they have been using for a couple of years now, with utmost satisfaction. And from now on, the integration will enable RDRS to automatically send SMS alerts to their customers and receive repayments through bKash.

RDRS Bangladesh is one of the leading microfinance organisations in the country, and Southtech has already automated its operations of 287 branches with its core banking solution, Ascend Financials. Now, be it a loan repayment or savings, their customers will be able to make payments through bKash. Besides, for loan disbursement and repayments, customers will receive SMS alerts which will make their operation more transparent.  

SSSG To Automate Its Operation With Ascend Financials

6 October, 2022

SSSG Signs Agreement with Southtech

Kushtia-based Cooperative Society, Surja Shilaidaha Sarbik Gram (SSSG), has recently signed an agreement with Southtech to automate its operation with Ascend Financials (AFS). During the agreement signing on 2nd October, our honourable MD & CEO, Mr Syed Mamnun Quader, was present along with the representatives of SSSG.

SSSG is a growing financial organization in the region, and until now, they have been running their operation based on paper. However, they needed the right Core Banking Solution (CBS) to support the growth and ease the operation. Now, as the agreement is signed, Southtech will automate all its branches. And with AFS, SSSG will be able to run its operation effortlessly and go paperless. 

SSSG to Automate its Operation with Ascend financials

6 October, 2022

SSSG Signs Agreement with Southtech

Kushtia-based Cooperative Society, Surja Shilaidaha Sarbik Gram (SSSG), has recently signed an agreement with Southtech to automate its operation with Ascend Financials (AFS). During the agreement signing on 2nd October, our honourable MD & CEO, Mr Syed Mamnun Quader, was present along with the representatives of SSSG.

SSSG is a growing financial organization in the region, and until now, they have been running their operation based on paper. However, they needed the right Core Banking Solution (CBS) to support the growth and ease the operation. Now, as the agreement is signed, Southtech will automate all its branches. And with AFS, SSSG will be able to run its operation effortlessly and go paperless. 

Southtech-bKash Partnership: Another Big leap into microfinance automation

20 September, 2022

 

Southtech has recently signed a strategic partnership agreement with another mobile financial service giant, bKash, on September 19, 2022, to facilitate its Microfinance initiative in Bangladesh. For the company, it is the second partnership agreement with a mobile banking platform after Nagad signed earlier this year. With this agreement, Southtech’s MFI clients will be able to disburse loans and process repayments through bKash now.

Southtech bkash partnership

Being one of the pioneers in Microfinance automation, Southtech continues to contribute to the development of the sector. And the integration of mobile loan disbursement and repayment options is a big leap into the technological transformation of the microfinance industry. For sure, the Southtech-bKash partnership will further feed the dream of complete microfinance automation and help people with effortless loan repayments. 

 

Southtech-BKash Partnership: Another Big Leap Into Microfinance Automation

20 September, 2022

Southtech bkash partnership

Southtech has recently signed a strategic partnership agreement with another mobile financial service giant, bKash, on September 19, 2022, to facilitate its Microfinance initiative in Bangladesh. For the company, it is the second partnership agreement with a mobile banking platform after Nagad signed earlier this year. With this agreement, Southtech’s MFI clients will be able to disburse loans and process repayments through bKash now.


Being one of the pioneers in Microfinance automation, Southtech continues to contribute to the development of the sector. And the integration of mobile loan disbursement and repayment options is a big leap into the technological transformation of the microfinance industry. For sure, the Southtech-bKash partnership will further feed the dream of complete microfinance automation and help people with effortless loan repayments. 

Southtech's AFS Client SSUS Introduces Mobile Repayments

6 March, 2022

Newsletter SSUS Introduces Mobile Repayments (1)

Southtech remains one step ahead in innovation, and the integration of the mobile repayment method in Ascend Financials (AFS) takes it further. Southtech’s client Sagarika Samaj Unnayan Sangstha (SSUS) recently introduced mobile banking for loan repayments through AFS. From now on, borrowers of SSUS can make repayments through Nagad.

 

SSUS has been with Southtech for a while now, and they have been conducting their daily microfinance operations with the award-winning core-banking solution for MFIs and banks- AFS. For further automation of the existing repayment method, Southtech signed a partnership agreement with Nagad. And SSUS is one of the first to adapt to the latest development. Now, AFS will allow SSUS members to make loan repayments through mobile banking service provider Nagad.  

Newsroom Square Southtech-Nagad Signs Agreement as Strategic partners

Southtech Signs Strategic Partnership Agreement with Nagad

27 February, 2022

Southtech continues to grow strong with its technological capabilities, while partnerships make it stronger on the strategic ground. Therefore, Southtech has recently signed a strategic partnership agreement with the mobile banking giant, Nagad. According to the agreement signed, Southtech’s MFI clients will be able to process their loan repayments through Nagad.

Southtech remains one of the biggest contributors to MFI automation, while Nagad is one of Bangladesh’s largest Mobile banking networks. And the strategic partnership between Southtech and Nagad is a big step toward diversifying the loan repayment method for MFIs. Moreover, it will help MFis to reduce over-due from borrowers. 

Southtech Signs Strategic Partnership Agreement With Nagad

27 February, 2022

Newsroom Square Southtech-Nagad Signs Agreement as Strategic partners

Southtech continues to grow strong with its technological capabilities, while partnerships make it stronger on the strategic ground. Therefore, Southtech has recently signed a strategic partnership agreement with the mobile banking giant, Nagad. According to the agreement signed, Southtech’s MFI clients will be able to process their loan repayments through Nagad.

Southtech remains one of the biggest contributors to MFI automation, while Nagad is one of Bangladesh’s largest Mobile banking networks. And the strategic partnership between Southtech and Nagad is a big step toward diversifying the loan repayment method for MFIs. Moreover, it will help MFis to reduce over-due from borrowers. 

 

Southtech signs agreement with
MRA licensed MFI: Charcha

19 January, 2022

microfinance-signup

Recently, Southtech has signed an agreement with Charcha; an MRA licensed microfinance organisation based in Tangail. As part of the deal, Southtech will automate the entire microfinance operation of Charcha with Ascend Financials. Moreover, it will automate Charcha’s all operational branches and head office.

Ascend Financials (AFS) is Southtech’s flagship software developed for the microfinance industry. And it is helping many microfinance organisations at home and beyond. With Ascend Financials, Charcha will automate its entire operation, allowing them to streamline its business process and help them do so much more.  

 

ict award 2021

Southtech MD & CEO Mr. Syed Mamnun Quader, Wins ICT Pioneer of The Year Award

28 December, 2021

Mr. Syed Mamnun Quader, MD & CEO of Southtech, has been recognised with the ICT Pioneer of the Year 2021 Award at the Daily Star ICT Awards 2021. The award ceremony took place at the Radisson Blue Water Garden Hotel, Dhaka, on the 27th of December, 2021. In addition, Mr. Quader received the award from the chief guest and the Prime Minister’s International Affairs Adviser, Mr. Gowher Rizvi.

The Daily Star is a leading national newspaper, recognises leaders in the ICT sector every year through its prestigious The Daily Star ICT Awards. Southtech won the Daily Star ICT Award 2020- Local Market Focus last year as an enterprise. And this year, our MD & CEO won the ICT Pioneer Award as an entrepreneur for his unparalleled contribution to the technological advancements of Bangladesh. Upon receiving the award, Mr. Quader expressed his gratitude to the Daily Star. 

 

Southtech MD & CEO Mr. Syed Mamnun Quader, Wins ICT Pioneer Of The Year Award

28 December, 2021

ict award 2021

Mr. Syed Mamnun Quader, MD & CEO of Southtech, has been recognised with the ICT Pioneer of the Year 2021 Award at the Daily Star ICT Awards 2021. The award ceremony took place at the Radisson Blue Water Garden Hotel, Dhaka, on the 27th of December, 2021. In addition, Mr. Quader received the award from the chief guest and the Prime Minister’s International Affairs Adviser, Mr. Gowher Rizvi.

The Daily Star is a leading national newspaper, recognises leaders in the ICT sector every year through its prestigious The Daily Star ICT Awards. Southtech won the Daily Star ICT Award 2020- Local Market Focus last year as an enterprise. And this year, our MD & CEO won the ICT Pioneer Award as an entrepreneur for his unparalleled contribution to the technological advancements of Bangladesh. Upon receiving the award, Mr. Quader expressed his gratitude to the Daily Star. 

Southtech-iNube Successfully Held a Webinar on How to Future-proof Your Insurance Business

28 October, 2021

Southtech, in collaboration with its strategic partner iNube, held a successful webinar on “How to Future-proof Your Insurance Business” on 23rd October 2021 conducted on Zoom. The speakers primarily discussed how the insurance industry is transitioning with the new demands and adapting to the new business models with the right technology in this global shift.

Mr. Ramprasad Sanjeevi, Executive Director of iNube Software Solutions Pvt. Ltd, Mr. Md. Shah Alam, a Deputy Secretary of the Bangladesh Government and the Director of Insurance Development and Regulatory Authority (IDRA), and Mr. Abul Kalam Azad, Vice President and Head of IT of Guardian Life Insurance Ltd, presented their remarkable expertise on the insurance industry of Bangladesh in the webinar. The event was moderated by the MD and CEO of Southtech, Mr. Syed Mamnun Quader.

The participants gained important insights into the industry from the speakers. You can catch the recording of the session right here. If you are interested to learn more, you can also request a demo for Insurance Management Software.

Beyond The Border: Southtech’s AFS Is Now In Kenya!

24 October, 2021

Diversity Microcredit, one of the leading and fastest-growing microfinance organisations from Kenya, signed an agreement with Southtech on 29th September 2021 to automate its entire operations with Ascend Financials. It is the second African microfinance organisation to choose Ascend Financials after Sunrise Microfinance, Uganda.

The organisation has been running its operations based on papers. Now, with Southtech’s Ascend Financials, a Core Banking Solution for MFIs and development banks, Diversity Microcredit will digitise its entire operations and go paperless. The software will be integrated with 10 modules. And, the modules will allow them to use features like policy setup, hybrid mode, paperless collection, branchless banking, portfolio transfer, 360-degree reporting, and more.

Beyond The Border: Southtech’s AFS Is Now In Kenya!

24 October, 2021

Diversity Microcredit, one of the leading and fastest-growing microfinance organisations from Kenya, signed an agreement with Southtech on 29th September 2021 to automate its entire operations with Ascend Financials. It is the second African microfinance organisation to choose Ascend Financials after Sunrise Microfinance, Uganda.

The organisation has been running its operations based on papers. Now, with Southtech’s Ascend Financials, a Core Banking Solution for MFIs and development banks, Diversity Microcredit will digitise its entire operations and go paperless. The software will be integrated with 10 modules. And, the modules will allow them to use features like policy setup, hybrid mode, paperless collection, branchless banking, portfolio transfer, 360-degree reporting, and more.

Southtech to Manage RDRS’s Server on sKLOUD

11 October, 2021

RDRS signs agreement with southtech for Skloud

RDRS Bangladesh, a microfinance organisation based in Rangpur, has recently signed an agreement with Southtech for sKLOUD. Based on the agreement, Southtech will manage RDRS’s server on its premises to provide better data security, scalability and accessibility.

Southtech’s sKLOUD is a secured data centre in Bangladesh that provides data storage and hosting services to enterprise and corporate clients and businesses of all sizes. It is designed to provide unparallel data security, optimum performance and maximum efficiency.

RDRS Bangladesh has already automated its entire operations of 287 branches with Southtech’s award-winning core banking solution, Ascend Financials. And now, the server management service will contribute to secure its business information and provide better accessibility.

Amana Big Bazar Automates VAT Collection With EasyVAT, Agreement Signed

11 August, 2021

Amana Big Bazar, a super shop chain of Amana Group, has recently signed an agreement with Southtech to automate their VAT management process with EasyVAT. The agreement was signed at an online event on 15 July 2021.

 

Southtech’s EasyVAT is an NBR enlisted software that helps with VAT return submissions effortlessly. Besides, the EasyVAT solution is directly integrated into NBR SDC devices, allowing the VAT collection process to be more accessible.

 

For Amana Big Bazar, EasyVAT software will contribute to making their operation more manageable. From now on, they will be able to track daily transactions, see real-time reporting, calculate VAT, generate automated Mushak return statements and more.

Amana Big Bazar Automates VAT Collection With EasyVAT, Agreement Signed

11 August, 2021

Amana Big Bazar, a super shop chain of Amana Group, has recently signed an agreement with Southtech to automate their VAT management process with EasyVAT. The agreement was signed at an online event on 15 July 2021.

 

Southtech’s EasyVAT is an NBR enlisted software that helps with VAT return submissions effortlessly. Besides, the EasyVAT solution is directly integrated into NBR SDC devices, allowing the VAT collection process to be more accessible.

For Amana Big Bazar, EasyVAT software will contribute to making their operation more manageable. From now on, they will be able to track daily transactions, see real-time reporting, calculate VAT, generate automated Mushak return statements and more.

 

Beyond The Border: Southtech’s Core Banking Solution Is Now In The Philippines

29 July, 2021

Northern EZCredit Lending Corporation, one of the largest and fastest-growing microfinance organisations in the Philippines, has recently signed an agreement with Southtech for the Core Banking Solution-Ascend Financials to automate their operations. Southtech and Northern EZCredit Lending Corporation signed the agreement on July 18, 2021.

With our award-winning CBS-Ascend Financials, Northern EZCredit Lending Corporation will be able to automate its back-office functions easily. The comprehensive software will be integrated with ten modules, that will allow the organization to use features like hybrid mode, branchless banking, portfolio transfer, 360-degree reporting, and more.

ezcredit

Beyond The Border: Southtech’s Core Banking Solution Is Now In The Philippines

29 July, 2021

ezcredit

Northern EZCredit Lending Corporation, one of the largest and fastest-growing microfinance organisations in the Philippines, has recently signed an agreement with Southtech for the Core Banking Solution-Ascend Financials to automate their operations. Southtech and Northern EZCredit Lending Corporation signed the agreement on July 18, 2021.

With our award-winning CBS-Ascend Financials, Northern EZCredit Lending Corporation will be able to automate its back-office functions easily. The comprehensive software will be integrated with ten modules, that will allow the organization to use features like hybrid mode, branchless banking, portfolio transfer, 360-degree reporting, and more.

Southtech Signs Agreement with the Directorate of Primary Education (DPE)

9 June, 2021

DPE signs agreement banner

Southtech recently signed an agreement for a Student Profile Management System (SPMS) with the Directorate of Primary Education, under The Ministry of Primary and Mass Education (MoPME) of Bangladesh. Southtech will be responsible for the ‘Design and Development of Web and Mobile applications for the Preparation of CRVS based Student Profile at the Primary Level of Education with Maintenance Support’.

Using a student unique ID number (UID), the project aims to create a real-time online database of students of Primary Schools as well as Ibtadayi Madrasa in Bangladesh, which will help track student’s data, academic performance, enable appropriate stipend, textbook distributions, etc. The SPMS will be based on a common service platform, CRVS (Civil Registration and Vital Statistics), that streamlines all registration processes under different government agencies with the Bangladesh Bureau of Statistics. Therefore, the project will ensure the future scope of fetching data from here for a further level of educational purpose.

Southtech Turns 25!

19 May, 2021

Southtech celebrates its 25th anniversary this May and marking the occasion, Group Managing Director and CEO, Sayed Mamnun Quader describes this as a remarkable journey. Started in 1996 with just four employees, Southtech is now a home of more than 125+ dynamic people. In these 25 years of the journey, the company has achieved numerous milestones for its dedication and excellence towards innovation and looks forward to achieving more.

The group MD and CEO expressed his gratitude to all the people involved in making Southtech the brand it is today. Furthermore, he also appreciates the government of Bangladesh for taking numerous initiatives to promote the IT sector in the country which initially helped Southtech contribute to Bangladesh’s digital growth.

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.

 

SRIT-Southtech-Partnersup

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 Signed A Teaming Agreement With SRIT

10 Mar, 2021

SRIT-Southtech-Partnersup

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-southtech-partnership

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.

agus-signing-southtech-scaled

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!

Aso Gori Unnayan Sangstha (AGUS) Goes Live With Southtech's Ascend Financials

11 November, 2020

agus-signing-southtech-scaled

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 goes live with afs

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

robotic process automation

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

lddp-agreement-signing-newsroom

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 best employer in bhutan

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.

Southtech (Bhutan) Private Limited Gets Awarded As The Best Employer Brand!

30 Mar, 2020

southtech best employer in bhutan

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-providing-microfinance-training

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

13 Oct,2019

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.

Southtech CSR

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