HNB inks partnership with PPOD Consultancies

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HNB PLC recently signed a Memorandum of Understanding (MoU) with PPOD Consultancies to provide its SME customers with capacity development and consultancy in running key business functions.

The exclusive partnership enables HNB’s SME clientele to access much-needed consultation in the areas of accounting, finance, taxes, IT, value chain development, HR, and other specific capabilities concerning each industry. A special ceremony was held at HNB Towers to sign the MoU in the presence of HNB Deputy General Manager- Retail and SME Banking, Sanjay Wijemanne and PPOD Founder and Chairman, Stephen A. Paulraj.

The capacity development programme initially covers general areas in business management and will be followed by a detailed session on specific business functions. Areas such as accounting, finance, taxes, and IT will be discussed in addition to key practices around issues in cash flow management, investment for expansion, poor tax payment practices, poor investment, use of IT, etc.

Once the initial stage is completed, customers will have access to a knowledge base that assists them in building business development plans including expansion and exports, upgrading facilities, HR & productivity management investments, and consolidations. The content of the programme also discusses key concepts such as Cash Flow Management and its importance, Ratio Analysis, Bookkeeping, and Basics of Taxes to further enhance the financial literacy of entrepreneurs.

Development programmes in any preferred language (Sinhala, Tamil and English) or in a mixed-mode, and the programme will be conducted by experts and pioneers in the field who have already conducted similar successful sessions with HNB previously.