Standard Chartered Bangladesh (SCB) recently signed an agreement with Berger Paints Bangladesh Limited (Berger Paints) to automate Berger Paint's local payments.
The Host-to-Host solution (H2H) will enable Berger Paints to process domestic payments directly from the Enterprise Resource Planning (ERP) system without any manual intervention, according to a press release.
A signing ceremony to inaugurate H2H connectivity was held at Berger's head office in Uttara. The event was attended by senior officials from both organisations.
SCB's H2H solution enables direct integration between the bank and corporate systems, facilitating automated processing and leading to greater operational efficiency, improved productivity, and effective working capital management.
It is a secure automated solution for high volume data transfers between the bank and its clients. Sophisticated H2H connectivity gives clients the flexibility to access payment reports that align with preferred file formats, network protocols, and security standards.
"Our Host-to-Host connectivity allows our wide base of clients to enjoy tangible process improvements, lower levels of risk and human error, reduced manual intervention, and the ease and security of digital connectivity," said Luthful Arefin Khan, head of transaction banking of SCB.
Sazzad Rahim Chowdhury, chief financial officer and director of Berger Paints Bangladesh Ltd, said that H2H is an effective solution to make payments and reporting simplified.