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Ascend Financials to automate microfinance for RDRS Bangladesh

Microfinance Software

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RDRS Bangladesh has entered into a new agreement with Southtech to automate all of their branch operations with Southtech’s flagship Ascend Financials Solution.

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Rangpur Dinajpur Rural Service, popularly known as RDRS, is an existing client of Southtech. They have been using one of Southtech’s revolutionary products – Ascend Banking Solution, since 2011.

Ascend Financials will help RDRS grow faster to serve the poor

RDRS & ASCEND FinancialS – Desktop Times

RDRS is now a major multisectoral development agency in Bangladesh. Its operations focused on the relatively disadvantaged northwest region. Currently, It provides development opportunities and services to 8,570,608 landless and marginal families in 22 districts. RDRS works with 385 community-based organizations (Federations) seeking to empower their grassroots members.

Prior to move the move to Ascend Financials, for the past nine years, RDRS has been functioning with the desktop version of the microfinance automation solution and helping our society get freedom from poverty, distress, and ignorance in a sustainable environment.

Manual record keeping will be replaced by Ascend financials automation

from the desktop version to the cloud-based web version

Through the sign-up that took place on Monday, 7th October 2019, RDRS will be upgrading from the desktop version to the cloud-based web version of the software system.

As a result of this transition, data collection and everyday complexities of their work will reduce greatly. A three months-long implementation plan is being processed to upgrade the software.

Syeda Wedad Quader, Director of Southtech, expressed jubilation and thanked the development teams for their hard work.

“We will be automating all their branches from Ascend Banking to Ascend Financials within a very short period of time.” – Syeda Wedad Quader

She went on saying that this project is a shining example of how reliable Southtech’s technical teams are and how robust the solution really is.

Ascend financials is your all-round microfinance software solution. It will help you in ensuring financial inclusion through branchless banking, online/offline data collection services, reduced paper costs, and a regulatory body-friendly solution architecture.

Apart from RDRS, Southtech also provides microfinance automation services to institutions like BRAC, Sajida, DISA, SSUS, PGMF and many more.

To know more about the solution, get in touch with us!

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