BoC Leasing goes online with OpenArc ‘SkyLease’ Software

Bank of Ceylon (BoC) went online with its leasing system after having successful implementation of SkyLease leasing software solution provided by the leader in banking and finance software solutions in Sri Lanka. BoC has now automated its leasing business connecting many branches across the Island through OpenArc SkyLease the latest leasing software solution offered by OpenArc.

SkyLease is a next generation software product introduced by OpenArc, which is Internet browser based, database independent software solution comes as a sub module of OpenArc SkyBank core banking and finance software solution that is being developed by OpenArc.

SkyLease is a flagship software product which is now offered by the company as a migration solution to its users of previous version of leasing software namely ProLease which is currently used by large number of banks and finance companies in Sri Lanka. OpenArc has successfully implemented SkyLease at other banks such as DFCC and DFCC Vardhana Bank as well where the company has successfully migrated to this newest version of software for the handling of their Leasing operations across the bank branch network.

Founder Chairman/CEO of OpenArc, Daya Hettiarachchi said at the launch: “SkyLease and the SkyBank product suite is a next generation software solution developed by OpenArc using Open Technology and Java development platform and it runs on the Internet web browser and Android smart phones and other mobile devices. It is a platform and database independent software solution which makes it unique from the rest of the conventional software applications.”

He added: “We have made SkyLease the best leasing software solution available in the market place using the state-of-the-art, futuristic, Java-based, Open technology tools. With our proven leasing industry knowledge gained over last two decades, we have made SkyLease very rich in features and management information delivered through dash boards etc., which is essential in any industrial software solution today. We are now geared to move out of Sri Lanka and reach the global markets as well. This effort is now backed by our world class quality certifications such as CMMI level three software quality assessment that company successfully completed last month. We have made BoC leasing services ‘online’ with SkyLease which has now been configured and customised not only to bring efficiency of services to its existing business processes but also to position the company as a leasing business leader to achieve its future growth plans. SkyLease will provide BoC unique competitive advantage in the market place enabling the company to continue with Internet-based direct marketing at a rapid pace of expansion while establishing proper business procedures and controls in place. As the leader of merchant banking and finance software solution market place, enjoying 75 per cent market share, OpenArc is determined to provide the best support services to its clientele with its life time guarantee.”

With the successful implementation of SkyLease, OpenArc, which is a company mastering Open Architecture software will launch their solutions under SaaS (Software as a Service) model to all its customers and prospects who don’t need to spend money on buying licensed software but use the software on the Internet cloud for a service fee.

This is an ideal solution for small leasing companies.