KATHMANDU: Global IME Bank Limited has signed an agreement to implement the “Budget 360” software, developed by Infodevelopers Private Limited, for budget and financial management. The agreement was signed by Surendra Raj Regmi, Chief Executive Officer of Global IME Bank, and Umesh Raghubanshi, Director of Strategy and Innovation at Infodevelopers Pvt. Ltd.
This software is expected to enhance the bank’s capacity for budget and plan development, facilitating better resource management. Surendra Raj Regmi, CEO of Global IME Bank, expressed confidence that the use of Budget 360 in the banking ecosystem would not only improve the bank’s budget and planning capabilities but also ensure optimal resource utilization, help achieve financial objectives, and support effective decision-making in financial management, ultimately contributing to the overall sustainable development of the bank.
Umesh Raghubanshi, Director of Strategy and Innovation at Infodevelopers, expressed excitement about the partnership, stating that the software would simplify the bank’s financial operations and aid in data-driven decision-making.
“Budget 360” is an advanced financial management system that automates financial management tasks. The software, developed by Infodevelopers, includes features such as automatic target setting, real-time reporting, and continuous tracking. It is designed to be adaptable to the bank’s needs, integrating seamlessly with any core banking system (CBS).
The event was attended by Suman Pokharel, Deputy CEO of Global IME Bank; Chandra Raj Sharma, Assistant Chief Executive Officer; and Subas Poudel, Corporate Manager of Infodevelopers Pvt. Ltd.
Global IME Bank has been recognized as Nepal’s best bank in two categories at the Global Finance Best Bank Awards 2024 and EuroMoney Awards for Excellence 2024. The bank has also been honored with multiple awards from various national and international organizations.
As the first private sector commercial bank with branches in all 77 districts of the country, Global IME Bank operates 355 branch offices, 379 ATMs, 237 branchless banking services, 69 extensions, and 3 foreign representative offices, serving customers through over 1,100 service centers. In addition to banking services for Nepali citizens, the bank also provides remittance services from countries such as the United States, United Kingdom, Canada, Australia, Malaysia, South Korea, Japan, Saudi Arabia, Qatar, UAE, Bahrain, Kuwait, India, Jordan, and more.