People’s Leasing and Finance PLC launched two digital applications to provide online leasing facilities and to digitalise and decentralise the cheque printing process. This new application Capp will help to provide credit facilities with an online approval via a seamless process improving customer turnaround times.
The Dcheque is another digital transformation initiative developed by the People’s Leasing IT Team in partnership with People’s Bank. This new payment proposition includes SLIPS, CEFT, RTGS and internal fund transfers options.
This solution is designed and interfaced with People’s Bank to ensure the most secure and controlled way to verify the payments issued by the platform. The entire branch network of the People’s Leasing and Finance PLC can initiate their own payments digitally with e-documents through Dcheque. This will facilitate the elimination of the physical signature by enabling digital signature printing, based on a secured approval process.
Chairman, People’s Leasing Finance, Sujeewa Rajapakse said that it is a remarkable milestone for both companies as the entire module has been set up in-house to successfully eliminate the traditional paper based payment process.
With the implementation of this digital transformation, all the branches of People’s Leasing will print their customer cheques without any delay. Customers can obtain their cheques according to their preferred way regardless of location.
Deputy General Manager, ICT (Group) of People’s Leasing, Prabath Gunasena said, “Data from various credit information resources can often be interfaced into the credit application process, which supports the evaluation and credit scoring application. Further by virtue of being online, the entire process can be integrated with the needs of the sales, accounting, legal and other related departments.”
People’s Leasing also unveiled its mobile application, PLC Touch recently to facilitate a convenient user experience. The state-of-the-art app has interesting features including the insurance component.