Vedika,
IISWBM take software testing live
Our Bureau / Kolkata August 24, 2005
www.business-standard.com
Vedika Software Private Limited, the Kolkata based developers
of FACT real-time accounting software and PERKS payroll
software, has invested Singapore $140,000 to conduct live
projects with students of various management and technical
institutes in Singapore and India to further industry-academia
partnership.
Vedika Software through its 100 per cent subsidiary company
FACT Software International Pte Limited, Singapore, has
become the first Indian company to recruit 19 interns
from the Singapore Management University (SMU) to strategise
and drive six live projects in Singapore.
In India, Vedika has signed a Memorandum of Understanding
(MoU) with the country's oldest management institute,
Indian Institute of Social Welfare and Business Management
(IISWBM) to introduce FACT as a part of the IISWBM curriculum
of Post Graduate Diploma in Business Management (PGDBM)
and Public Systems Management (PSM) apart from the optional
course in the regular MBA programme, informed Arvind Agarwalla,
founder and CEO, Vedika Software Private Limited and FACT
Software International Pte Limited.
The induction into training and application of this holistic
packaged software will increase the marketability of students
by 10 to 15 per cent, said Agarwalla.
Besides the FACT tie-up, Vedika is also looking at providing
placement to top five students and internship through
project placements for the IISWBM students.
The introduction of FACT as part of the curriculum will
be a value addition to the course through an induction
into state of the art accounting procedures, enhancing
their value in the job market as FACT has a large user
base in India and major parts of the Asia Pacific region,
noted Ashoke K Dutta, director of IISWBM.
The faculty members are currently undergoing training
in FACT usage, Dutta remarked.
Agarwalla also said that FACT has a similar arrangement
with SMU and also a work study programme, wherein the
students work at FACT for two days a week.
Vedika has plans to make similar strategic alliances
with University of Hyderabad, School of Business.
Furthering these alliances, FACT Singapore has such industry-academia
partnership arrangements with the polytechnics of Singapore,
Institute of Technical Education, Stansfield College Singapore,
etc.
"We look forward to such internships as fresh, young
minds can enrich our businesses with new ideas and leveraging
each other's strengths, we will add to the realities of
a live business environment while the students are still
at school," Agarwalla added.
The FACT usage has not yet been made compulsory but is
strongly recommended as part of the curriculum but the
students will surely opt for it knowing that it will increase
their market value to a great extent, Dutta reiterated.
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