PRECISE FINANCIAL SYSTEMS LTD. is an indigenous software development company. Prior to its change of corporate name in May, 1998, PFS commenced operation in July 1992 under the former name - PEE-AARR CONSULTING LIMITED. The change in corporate identity was in recognistion of the company's area of core competence, which is the provision of financial software. The advent of the company can be traced to the intellectual and professional beliefs of the founders of the company especially in the area of efficient resource utilization vis-a-vis in the deployment of software in any organization. Its corporate slogan, "Simple Solutions...", puts things in the proper perspectives that the company views them - simple and practical solutions at all times.
Today; PFS' innovative and world-class solutions are running thousands of computers, serving numerous clients both in Nigeria and in twenty-seven (27) countries in Africa. Their cutting edge environmentally friendly software technologies include an integrated account reconciliation solution; cheque and e-payment processing, security & remittance solution; end-to-end outward and inward cheque clearing solutions; cheque MICRisation and personalisation solution; banking and finance solution; bonds and financial derivatives trading and monitoring solution; bureau de change solution; cooperative societies solution; stock brokering solution; billing and revenue collection solution. Others include card issuance and monitoring systems; self-service cheque, cash, & card deposit and withdrawal solution; pension remittance monitoring solution; project appraisal amd monitoring solution. Through these ingenious solutions, PFS has successfully positioned herself as a foremost force in the financial software development space of the nation.
PFS holds numerous registered and unregistered product trademarks to her credit, such as the CLIREC, iTELLER, PAYiT, CHECKLOGNAX, CHECKMATE, BONDS, BDC PROFESSIONAL, COOP MANAGER, CARD FACTORY, PENSOL, APPLAUSE, APPRAISE, SYMPHONY, etc. These are innovative and simple solutions that serve many financial and non-financial organisations, some of which include the banks, federal and state parastatals, insurance companies, oil and gas companies, Telecommunications amd IT companies, stock brokering firms, bureau de change firms, manufacturing companies, airlines, hotels, health management organisations, logistics firms, among others.
Over the years, PFS has worked with many agencies and partners to deliver financial software services to her teaming clients. These partners include Microsoft Corporation, Ernst Reiner Gmbh & Co. KG, Germany, Arit of Africa, and International Marketing Partners. PFS is also a member of the Presidential Initiative for development of the software industry in Nigeria and a member of the Central Bank of Nigeria working group on Automated Clearing House and Cheque Truncation. The company has been ostensibly recognised recently in 2010 at the 4th IT Edge West Africa Convergence Forum as the Innovative Leader in Financial Software Solution and as 4th of the top 50 West African IT companies.
With the rising business costs, stricter regulations, and spiking software acquisition costs, many companies including multinationals, have been searching for locally developed, locally supported, more environmental users friendly and more cost effective alternatives. PFS is presently offering these benefits to the Nigerian market. It has been estimated that the average investment for financial software importation annually by Nigerian companies is in the range of four (4) billion US Dollars. PFS is poised to reversing this and see this become an ROI (Return on Investment) for the national economy while positioning the company as the most admired and most preferred company in our domain of business.