Asia Commerce plans to expand as fully fledged finance company

17 January 2011 05:20 am

Caption: Lakshman Uduwara, Director/CEO, Asia Commerce Limited (Third from left) exchanges the MoU with Rajiva Witharana, Managing Director, Scienter Technologies. Also in the picture are (From left) Upendra Goonetilleke, Manager Finance, Asia Commerce Limited; Ravindra Sumanadeera, Assistant Manager - Operations, Asia Commerce Limited; Dinith Galappatthi, Head of Development, Scienter Technologies and Theshantha D. Palliyagura, Director, Scienter Technologies.

Leasing experts Asia Commerce Limited (ACL) recently signed a Memorandum of Understanding (MoU) with Scienter Technologies (Pvt) Ltd to acquire their new fully integrated software solution - Destinity eFinancials to expand the firm's operations and establish itself as a finance company.

Speaking about the tie-up the Director/CEO of ACL Lakshman Uduwara said, "According to our planned growth strategy we need to operate as a finance company and plan to open several branches in the near future. Therefore there was an urgent need for an integrated software solution that was not only reliable and user friendly but provided a better customer interface. We found in eFinancials a real package that would help achieve our business strategies."

The Managing Director of Scienter Technologies Rajiva Witharana said, "Destinity eFinancials is a complete solution for finance companies which incorporates advanced features for Fixed Deposits, Loans, Leasing and Integrated Financials and is being widely used in several established financial institutions. The solution which is web based, has a heavily user friendly interface and supports unlimited users from multiple locations; thus enabling the organization to grow to any part of the country and still maintain its efficiency."

Established in 2005, ACL is a specialised leasing company registered with the Central Bank and provides a range of financial services including finance and operating leases, hire purchase, short-term loans, cheques/bills discounting etc.

The company is at the threshold of a new growth era and strategic changes have been made across the board in order to take maximum advantage of the opportunities for growth that present there selves.
Destinity eFinancials is a trademark of Scienter Technologies (Pte) Ltd., a leading ISO 9001:2008 certified IT Company in Sri Lanka with a 15 year old history of outstanding achievements.
In addition to Destinity eFinancials; the company also markets robust software solutions

for the Tourism and Hospitality Industry, Call Centre Management Operations, Human Resource Management, Media Station Management, Container Yard Handling, Tea Exporters, Apparel Industry and Restaurant Management.