OpenArc ‘SkyLease’ leasing software wins Gold at NBQSA 2012

The premier software competition event held in Sri Lanka every year, the National Best Quality Software Awards (NBQSA) organised by British Computer Society Sri Lanka Chapter recently recognised ‘SkyLease,’ the industry leading software solution designed, developed and implemented in many banks in Sri Lanka by OpenArc Systems Management (Pvt) Ltd. (OSM), with a Gold award for the best quality software under the ‘Financial’ category.

Leading banks such as DFCC, DFCC Vardhana and Bank of Ceylon are successfully using this leasing software product integrated with an online real-time General Ledger connected with their core banking systems. BOC being the largest implementation has now automated its leasing business connecting 310 branches across the island through OpenArc ‘SkyLease’.

‘SkyLease’ is a next generation software product introduced by OpenArc, which is technologically advanced, 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.

At some companies, already the company has successfully migrated the old version to this newest version of software for the handling of their Leasing operations across the bank branch network.

‘SkyLease’ and the ‘SkyBank’ product suite is a futuristic 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, the Founder Chairman/CEO of OpenArc, Daya Hettiarachchi said.

“Undoubtedly, 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 accessible through many front end devices including iPhones, Android phones and Pads which is essential for any industrial software solution designed for tomorrow.

“Our next focus would be to enter and compete with in the global market. As the product is now stable and it is ready to compete with international brands in the global market, we have already initiated our marketing efforts in few countries in South Asia and in the African region. In the year 2013 we will be taking these products to global markets with our motto ‘Local First, Global Next’. This global effort is now backed by our world class quality certifications such as CMMI level 3 software quality assessment that company successfully completed last year,” Hettiarachchi added.

As the leader of the merchant banking and finance software solution market place, enjoying 75% market share, OpenArc is determined to provide the best support services to its clientele with its life time guarantee. This has been possible with its very strong human resource pool that has been built up by OpenArc through its own IT education arm; OpenArc School of Business & Technology.

“We are grateful to our valuable reputed clients, to name a few – DFCC, DFCC Vardhana Bank, People’s Leasing, Seylan Bank, etc., which have been always advocating local talent and giving us the opportunity to prove the abilities locally so that we may achieve our vision to go global with world class software products well engineered in Sri Lanka. Our software journey is towards a core banking solution that someone in Sri Lanka should build one day and market it worldwide,” Hettiarachchi concluded.