Bank Of Baroda Inks Pact With JNPA For DigiNext Cash Management Services
Bank of Baroda, one of India’s leading public sector banks, and Jawaharlal Nehru Port Authority (JNPA), a premier container port in the country, on Wednesday 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.
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.”
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.”
