StanChart to streamline Reckitt’s sales data transfer

Standard Chartered Bangladesh recently signed an agreement with Reckitt Benckiser (Bangladesh) to provide "Host-to-Host" connectivity, streamlining the collection of sales proceeds by facilitating data transfer between the two. 

Connecting Reckitt's Enterprise Resource Planning platform to Standard Chartered's Straight2Bank offering will enable Reckitt to exchange information and receive notifications in preferred file formats, network protocols and standards, said a press release.

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"…we are helping to make our valued clients nimbler and future fit," said Luthful Arefin Khan, head of the bank's transaction banking.

"(It) will certainly streamline our collection process," said Tanmay Gupta, finance director of Reckitt Benckiser Bangladesh.