These solutions will be provided in collaboration with and through partnerships facilitated by PSD with financial institutions, umbrella organizations, professional associations, and lead firms.
The USAID CATALYZE Sri Lanka Private Sector Development (PSD) Activity PSD aims to develop a competitive and thriving private sector.
The Activity’s focus is on empowering women in the labour force, accelerating inclusive growth through MSMEs and partners that deliver economic empowerment by improving the capacity and competitiveness of MSMEs, improving access and availability of financing for MSMEs, and increasing MSME adaptation and resilience.
While SMEs account for 52% of GDP in Sri Lanka, a lack of technological expertise and integration is the most common challenge faced by the sector, hindering growth and making effective competition challenging, both locally and globally.
Thus, this exclusive collaboration between Bileeta and PSD will enable eligible SMEs to streamline their businesses through the implementation of technology in areas such as sales and invoicing, inventory management, accounting & finance, purchasing and reporting.
A kick-off meeting to mark the inauguration of this partnership between Bileeta and PSD was held at the USAID CATALYZE Sri Lanka Office at Aitken Spence Towers.
Juan Forero, Activity Team Lead, PSD and Chief Executive Officer at Bileeta, Sanji De Silva were both present at the occasion.
Sharing his thoughts, Mr De Silva said,
“We have seen Technology bring about rapid and revolutionary growth in organizations.
We are truly honoured to partner with PSD to bring about such an impactful move in the SME sector in Sri Lanka.
SMEs need our support now more than ever, and we are humbled to extend our expertise in ERP solutions to promote growth in this sector.”
PSD’s Activity Team Lead, Juan Forero commented,
“At USAID Catalyze we believe in the power of harnessing the private sector to accelerate the path of growth and development in a sustainable way.
With that in mind, we have started our collaboration with Bileeta, to offer top-of-the-line ERP solutions to Small & Medium businesses in Sri Lanka, in partnership with lead financial institutions and large companies”.