[ad_1]
MUMBAI: State-run Bank of Baroda will provide Jawaharlal Nehru Port Authority (JNPA), with Baroda DigiNext Cash Management Services and digitize the State-run port authority’s payments, collections, and liquidity management, per an agreement signed on Tuesday.
JNPA is India’s second biggest container port and ranked 26th among the top 100 global ports.
Digitization plays a pivotal role in JNPA’s three-pronged strategy to enhance the ease of doing business, the port authority said in a statement.
JNPA has implemented SAP for bringing in efficiencies in its operations. To help JNPA realize the full benefits of its digital transformation, Bank of Baroda has integrated Baroda DigiNext with SAP. In the first phase, this will help JNPA digitize and automate its accounts payables.
The status of all payments will be updated in JNPA’s ERP system with payment advice and SMS alerts being sent directly by Baroda DigiNext to beneficiaries of payments. Being at par with global standards, technological advancement and operational efficiency are at the core of JNPA.
“The SAP system installed at JNPA is aimed at driving business innovations for faster execution of all business transactions,” Sanjay Sethi, Chairman, Jawaharlal Nehru Port Authority said.
To further enhance it, we have collaborated with the Bank of Baroda to avail the ‘Baroda DigiNext Cash Management Services’ to take digitization to a broader level and make JNPA’s business more organized, automated, and efficient, he added.
The Baroda DigiNext Cash Management Services covers host to host integration with JNPT’s ERP system for automated payments, payment advice with invoice details and SMS alerts to beneficiaries.
[ad_2]
Source link
