DFCC iConnect enhances efficiency of payment and cash management solutions for corporates

DFCC iConnect has been making day-to-day financial operations for Sri Lankan corporates more efficient and convenient since 2018. Awarded the titles of ‘Market Leader in Cash Management Sri Lanka (Domestic Banks)’ and ‘Best for Services in Cash Management – Sri Lanka’ by the recently concluded Asiamoney Awards, DFCC iConnect sets the benchmark for corporate banking in Sri Lanka. DFCC iConnect has been servicing key businesses that contribute towards the local economy for over four years now, including Orel Corporation (Pvt) Ltd. and Gamma Pizzakraft Lanka (Pvt) Ltd.

Orel Corporation is an adaptive manufacturing e-commerce led enterprise in Industry 4.0 with expertise in Building Infrastructure, Digital Infrastructure, Artificial Intelligence, Digital Commerce, Healthcare, Education, IoT & Transportation. As a third generation, family-owned multinational company, Orel operates in 28 countries, across 6 continents and has an ambition to grow by 100 fold in the coming years. Orel maintains a good relationship with DFCC Bank as a priority customer and opted to onboard the iConnect app. Speaking on their experience with DFCC iConnect, Dinesh Karunaratne, Group Finance Manager said, “We received multiple benefits from onboarding the iConnect platform, it has many automated services that aided in conveniently taking care of our finances, ensuring that we don’t allocate extra time or personnel to the matter. The platform helps us to reduce unnecessary documentation, like moving away from manual cheque issuing and there is a significant improvement in our financial control aspects. Today, we have great confidence in the system that improves our functions effectively and efficiently, and find it quite user-friendly as well.”

Chief Financial Officer of Gamma Pizzakraft Lanka, Sarath Kumara Singhapurage, also testifies to the convenience of using DFCC iConnect in his daily financial operations. Gamma Pizzakraft Lanka is currently the sole franchisee for Pizza Hut and Taco Bell in Sri Lanka. The company owns and operates a chain of over 70 outlets island wide, and have been in business for over 25 years. Gamma Pizzakraft Lanka deals with DFCC Bank for both term loans and regular corporate banking. DFCC was the first bank to grant loans to Gamma for its store expansion plan in its initial stages of operation. Following this, DFCC Bank financed several major projects by Gamma and continues to maintain a healthy relationship with the company.