EFC-StrEdge partnership offers customized business solutions Print
Tuesday, 21 July 2020 11:11

Expanding the portfolio of the ‘Solutions’ arm of the Employers’ Federation of Ceylon (EFC), it recently entered into a partnership with StrEdge Advisory (Pvt) Ltd. Following the MoU signed between the EFC and StrEdge, the collaboration now offers a broad spectrum of new services to the EFC members as well as non-members.

“This partnership will facilitate our objective of offering a wider range of products and services, particularly focusing on the strategic side. StrEdge, with its acumen in financial management will add value,” remarks the Director General of the EFC, Kanishka Weerasinghe.

“The EFC-StrEdge partnership has scaled up the existing portfolio of the Solutions Arm of the EFC. In addition to the customized HR and Legal solutions it has been providing, the new partnership makes an array of other solutions possible and thereby enables a wider range of services to both the members and the non-members.  Particularly, the financial and strategic management expertise StrEdge brings in, blends in with the labour law and HR expertise of the Solutions Arm,” remarks Sewwandi Jayatunga Wijesekera, Assistant Director General and Head of Solutions (HR& Legal), EFC. The partnership, as she further notes, is a win-win where some of the best experts in their respective fields from both organizations will collaborate to leverage the business needs of modern day.

In a setting where businesses are compelled to brave unprecedented challenges, the EFC-StrEdge partnership aspires to address these challenges through an essentially ‘home grown’ set of tools on par with the best global standards and practices, says the Director/CEO of StrEdge Advisory (Pvt) Ltd , Sumedha Wijesekera. “Business consultancy which has become ingrained in today’s business world comes at a cost, very often facilitated through overseas bodies. We at StrEdge deliver a gamut of services developed by our team of experts who brings with themselves hands-on experience reaped at state, private and multi-national level. This not only enables the companies to partner with consultants who understand the pulse of Sri Lankan business but retain a considerable amount of money within the country which otherwise would have gone beyond our shores.”

Among the services offered by StrEdge are Business Strategy Defining, Planning and Implementation, Human Resource Strategy for Corporates , Business Process Reengineering, Financial Restructuring and Advisory, Lean Six Sigma training and Certifications, Business Coaching, Technology Advisory, Design, Development and Implementation and Training in Leadership, Project management and Operational excellence.

 Director, StrEdge Advisory, Janaka Epasinghe notes that holistic solutions StrEdge offers from ‘people, process and technology’ perspective are geared to enrich the EFC’s product and service proposition, validated through business and finance elements. “StrEdge strongly believes in enrichment of human capital to drive the business, hence perfectly aligns with the EFC’s journey.”

Epasinghe further remarks that even the strongest of the businesses are faced with dilemmas on the choices they need to keep the business afloat during this challenging time. “There is a struggle to simply stay in operation, remain financially strong whilst taking care of its valuable human capital. In the present uncertain business climate, employers are driven to make hard choices in employment, considering the continuing economic downturn and prolonged lockdowns. StrEdge believes in unleashing the true potential, deriving solutions for survival and growth through competencies that were built over time.”

Through collaborations and creation of an ecosystem within the country, Sri Lankan entrepreneurs have the ability to survive and grow together, says Epasinghe. “Collaborations between consultancy firms and an organization such as the EFC in the long run, can shape the strategies which can reverse the payment outflow for consultancy services from Sri Lanka by creating a consistent inflow, thereby directly making an impact to the Sri Lankan economy.”

 

 

 

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Last Updated on Monday, 27 July 2020 10:33