RDRS Bangladesh signs agreement with Southtech for ascend financials Microfinance Solution

The largest non-governmental organization Rangpur Dinajpur Rural Services popularly known as RDRS Bangladesh recently sign an agreement with one of the leading software companies in Bangladesh, Southtech for their microfinance solution Ascend Financials.

RDRS Bangladesh started its journey in 1972 to assist with relief and rehabilitation of the greater Rangpur-Dinajpur region. In 1972 It became a national development organization. For maintaining this big project, they were looking for a solution through which they can manage their each branch operations efficiently.

In 2011, RDRS Bangladesh showed interest in Southtech’s innovative product Ascend Banking Solution, which was desktop-based. Through Ascend banking software solution RDRS Bangladesh was operating its 240 branches in Bangladesh for the last eight years.

RDRS Bangladesh

Moving forward with opportunity, Southtech introduced RDRS Bangladesh with its web-based solution called Ascend Financials which is a cloud-based version. Reviewing the facilities of Ascend Financials, RDRS Bangladesh decided to upgrade its previous version Ascend Banking and have finally signed an agreement for Ascend Financials on 7th Oct 2019.

Currently, RDRS Bangladesh provides development support to over 2,000,000 people in 20 districts in Bangladesh.

This comprehensive microfinance software suite beats others in security and provides a superior customer journey. With this upgraded solution, superior management can efficiently make sense of the progress through real-time report. To provide the best service for MFIs, Southtech Ascend Financials is Powered by a business intelligence (BI) tool.

TWO FACTORS AUTHENTICATION (2FA), smart payment collection, online training module, both online and offline operating system, make this software solution incomparable from every other solution in the market.

With the presence of the Group Managing Director and Cheif Executive Officer of Southtech Mr. Syed Mamnun Quader and the Executive Director of RDRS Bangladesh Mr. Mohammad Enamul Kabir the signup ceremony took place at RDRS Bangladesh, Uttara office.

As a result of this transition, the CMMI level 5 company Southtech will automate all their branches from Ascend Banking to Ascend Solution within a short duration of time. Although, a three months long implementation plan is being processed to upgrade the software.

Director of Southtech Group Ms. Syeda Wedad Quader, who were also present throughout the event, stated few words- “We can come this far because of all our team members hard work. This will be the largest managed project by Southtech. We believe this project will help us to draw more possibilities in future.”

Supporting the director’s speech Mr. Sayed Mamnun Quader added- “Our relation with RDRS Bangladesh will be more firm with this project. We believe this project will leave a remarkable example of how reliable and user-friendly our solutions is.”

Southtech Ascend Financials is a suite of financial software that caters to microfinance banks and institutions. This solution is suited for the most advanced financial managers. It has a unique solution architecture and new digital service delivery channels. A mobile app, agent banking, internet banking and ATM interface will allow you to reach out to all segments of society in a highly cost-effective manner.

Including RDRS Bangladesh, Southtech also provides software solutions for reputed organizations like Sagarika Samaj Unnayan Sangstha (SSUS), BRAC, Sajida Soundation, Pact Global Microfinance Fund (PGMF)-Myanmar and BC Finance.

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This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
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