Business
Bank of Baroda Inks Pact with JNPA for Baroda DigiNext Cash Management Services
Published
2 years agoon
Baroda DigiNext – SAP integration will help JNPA automate its accounts payables and receivables, bringing in more efficiencies
Mumbai, 27th July, 2022: Bank of Baroda (Bank), one of India’s leading public sector banks, and Jawaharlal Nehru Port Authority (JNPA), a premier container port in the country, today announced the successful roll-out of Baroda DigiNext Cash Management Services for digitisation of the port’s accounts payables, receivables and liquidity management.
JNPA is amongst the largest container ports globally. It has recently implemented SAP for bringing efficiencies in its operations. To help JNPA with its digital transformation, Bank of Baroda has successfully integrated its Baroda DigiNext Cash Management Services with SAP.
The initiative demonstrates JNPA’s commitment to enhance the ease of doing business for the port users and suppliers through a fully digitised and automated solution for cash application, supplier payments and bank reconciliation.
Shri Sanjay Sethi, IAS, Chairman, Jawaharlal Nehru Port Authority said, “The SAP system installed at JNPA is aimed to drive business innovations for faster execution of all business transactions. To further enhance it we have collaborated with Bank of Baroda to avail their ‘Baroda DigiNext Cash Management Services’ to take digitisation at JNPA to a broader aspect and make JNPA’s business more organised, automated and efficient. As a part of digitising activities and ease of doing business.”
Shri Debadatta Chand, Executive Director, Bank of Baroda said, “Businesses are becoming increasingly complex requiring customised solutions based on the size, scope and nature of their operations. In today’s highly competitive world, building in efficiencies and streamlining business processes through digitisation is a prerequisite for success. At Bank of Baroda, we are proud to deepen and expand our relationship with one of India’s premier container ports through the launch of Baroda DigiNext Cash Management Services for JNPA. Baroda DigiNext will help JNPA digitise its working capital management and enhance ease of operations for the port authority’s entire ecosystem.”
You may like
-
Bank of Baroda raises Rs. 5,000 Crores at a coupon of 7.57% p.a. through the issuance of Long-Term Infrastructure Bonds
-
Bank of Baroda emerges as the fastest to issue 1,000 Electronic Bank Guarantees on the NeSL Platform
-
Bank of Baroda Launches the NCMC RuPay Prepaid Card for Seamless Payments across Public Transport, Tolls, Parking and Shopping
-
Bank of Baroda Raises Rs 5000 crore through the Issuance of Infrastructure and Affordable Housing Bonds
-
Bank of Baroda inaugurates 6th edition of ‘Baroda Kisan Pakhwada’ – an annual outreach programme for Indian farmers
-
Bank of Baroda announces Financial Results for the Quarter ended 30th September 2023