{"id":73298,"date":"2021-09-10T10:12:45","date_gmt":"2021-09-10T10:12:45","guid":{"rendered":"https:\/\/websitedesigns.com.au\/elankanew\/?p=73298"},"modified":"2021-09-10T10:15:22","modified_gmt":"2021-09-10T10:15:22","slug":"business-booms-despite-pandemic-2","status":"publish","type":"post","link":"https:\/\/websitedesigns.com.au\/elankanew\/business-booms-despite-pandemic-2\/","title":{"rendered":"Business booms despite pandemic"},"content":{"rendered":"<header class=\"inner-h\">\n<h1 class=\"innerheader\" style=\"text-align: center;\"><span style=\"font-size: 24px; color: #003366;\">Business booms despite pandemic<\/span><\/h1>\n<ul>\n<li><span style=\"font-size: 16px; color: #000000;\"><strong>Pioneering venture automates procurement process with over 30 high profile buyer companies<\/strong><\/span><\/li>\n<li><span style=\"font-size: 16px; color: #000000;\"><strong>Web portal eases COVID-19 disruptions for over 3,000 registered suppliers<\/strong><\/span><\/li>\n<\/ul>\n<p><span style=\"font-size: 16px; color: #000000;\">A bold new venture seeks to revolutionise Sri Lanka\u2019s tender and procurement system by automating the buyer-seller experience and easing the disruptions caused by the COVID-19 pandemic.\u00a0<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">The website www.greentape.lk is Sri Lanka\u2019s online procuring platform that offers a certified and verified vendor base. The platform which aims to create a level playing field for procurement in the country was launched in November 2020. Within a short time span it is already serving a base of over 30 high profile buyer companies.\u00a0<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">They have successfully concluded more than 700 tenders amounting to some half a billion rupees in business for over 3,000 registered suppliers. The suppliers comprise a good cross-section from very small to large businesses and also businesses from overseas.<\/span><br \/>\n<img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-73299 aligncenter\" src=\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2021\/09\/Business-booms-despite-pandemic.jpg\" alt=\"Business booms despite pandemic\" width=\"320\" height=\"337\" \/><\/p>\n<\/header>\n<header>\n<table style=\"width: 102.186%; height: 37px;\" border=\"0\" cellspacing=\"10\" cellpadding=\"10\" align=\"right\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><span style=\"color: #000000; font-size: 16px;\"><strong><em>AVM Chairman\u00a0Nissanka Weerasekera<\/em><\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\">\n<\/header>\n<header><\/header>\n<header><\/header>\n<header class=\"inner-h\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-73300 aligncenter\" src=\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2021\/09\/Business-booms-despite-pandemic2.jpg\" alt=\"Business booms despite pandemic\" width=\"320\" height=\"338\" \/><\/p>\n<p style=\"text-align: center;\"><span style=\"color: #000000; font-size: 16px;\"><strong><em>AVM Managing Director Suren Kannangara<\/em><\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">Green Tape is a multi-tenant cloud platform conceptualised, designed, developed and brought to market by Affno Virtual Market Ltd. (AVM). Buyer companies can enhance process and spend efficiency as well as institute an organisational change whilst sellers get easy and cost-effective access to these buyer companies.<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">AVM Chairman Nissanka Weerasekera, who is a pioneer in the tech institutional investor community in Sri Lanka, explained that procurement is the Cinderella of automation and productivity improvement in business.\u00a0<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">\u201cIts relative immaturity compared to other corporate functions results in companies standing to lose considerably. The loss is not just financial but also reputational. And what\u2019s worse, the loss is for the most part out of the view of business owners. As such, procurement remains the covert bane of business,\u201d Weerasekera added.<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">\u201cBy attracting large volumes of B2B buyers and sellers to one place to transact, network effects would multiply the value of any one buyer or seller being present on the Platform, giving each buyer and seller far greater reach,\u201d explained AVM\u2019s Managing Director and Affno Group Co-founder Suren Kannangara.\u00a0<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">Effectively, buyer companies would be in a better position to get the best prices owing to their ability to attract and work with a larger number of suppliers; and suppliers would be able to grow their business faster and cost effectively by being able to easily access new buyer companies.\u00a0<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">The platform streamlines everything for buyers from tender creation, review and approval, to reaching the best suppliers, managing clarifications and submissions, and identifying the best bid. Among the buyer companies on-board are prominent groups such as Sunshine Holdings, Access Engineering and McLarens who have very large procurement functions and an elaborate process.<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">\u201cThey need to get multiple approvals and control costs. With such tedious requirements, they now find business easier and smoother with Green Tape. Also, for suppliers, it also dramatically simplifies the process, encouraging them to place greater value on the opportunity to serve the buyer companies\u2019 needs. This ensures buyer companies get the best product at the best price,\u201d added Kannangara.\u00a0<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">The initial registration to the platform is offered free of charge while for a nominal fee of Rs. 858 per month a supplier gets access to at least ten buyer companies. \u201cWe want to make the platform affordable and accessible to all suppliers irrespective of their size. With a simple, transparent and customisable system, we can reduce the inefficiencies and help buyers find suppliers, and suppliers find clients. Our aim is to make business smoother and to create opportunity,\u201d said AVM Chief Operating Officer Amal Karunaratne.<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">Adapting to the new normal amid the current pandemic, Green Tape helps businesses to grow with faster onboarding mechanisms and submissions. Unique features of the system allow users to navigate with ease and allows convenient access to new partnerships and opportunities with minimal effort.\u00a0<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">Green Tape has set its objectives to streamline the current process of procuring with a more simplistic and transparent system that helps suppliers and buyers to reach out with the aim of creating more business opportunities.<\/span><\/p>\n<h3><span style=\"color: #000000; font-size: 16px;\">Source:-<a style=\"color: #000000;\" href=\"https:\/\/www.ft.lk\/business\/Business-booms-despite-pandemic\/34-722799\">www.ft.lk<\/a><\/span><\/h3>\n<\/header>\n<div class=\"row d-none d-lg-block\">\n<p>&nbsp;<\/p>\n<div>\n<div id=\"div-gpt-ad-1631166231442-0\" data-google-query-id=\"CJmFxKmU9PICFQNJfAodr_8NNg\"><\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Business booms despite pandemic Pioneering venture automates procurement process with over 30 high profile buyer companies Web portal eases COVID-19 disruptions for over 3,000 registered suppliers A bold new venture seeks to revolutionise Sri Lanka\u2019s tender and procurement system by automating the buyer-seller experience and easing the disruptions caused by the COVID-19 pandemic.\u00a0 The website [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":73299,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"footnotes":""},"categories":[20,35513],"tags":[37177,13619,37178],"class_list":{"0":"post-73298","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-articles","8":"category-elanka-finance","9":"tag-amal-karunaratne","10":"tag-covid-19","11":"tag-nissanka-weerasekera","12":"post_format-post-format-aside"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Business booms despite pandemic - eLanka<\/title>\n<meta name=\"description\" content=\"A bold new venture seeks to revolutionise Sri Lanka\u2019s tender and procurement system by automating the buyer-seller experience and easing the disruptions caused by the COVID-19 pandemic.\u00a0The website www.greentape.lk is Sri Lanka\u2019s online procuring platform that offers a certified and verified vendor base. 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