Wednesday, 22 February 2012

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Yele Okeremi is the Chief Executive Officer of Precise Financial Systems (PFS) Limited, an indigenous financial software development company. He started his career at Inlaks Computers before moving to Industrial Bank Limited (Merchant Bankers) as a programmer/analyst. Okeremi rose to the CIO of the bank in 1991 and later joined Ventura Savings and Loans Limited as the head, Systems adn Logistics department; a position he held until he founded Precise Financial Systems in 1994. He spoke to Funmi Ilesanmi.

PFS Self-Service Cheque & Cash Deposit Solution

 

We did this two years ago.... Read More Here

 

 

  • IS CLIREC RECONCILIATION SOFTWARE WORTH THE SCRAMBLE IN THE BANKING INDUSTRY?

Diamond Bank Plc Joins the League of Banks Aggressively Deploying the Much Scrambled For Reconciliation Solution Developed By Precise Financial Systems.

The rate at which banks are signing up the CLIREC reconciliation software, a high profile reconciliation solution from Precise Financial Systems, Yaba, Lagos for their accounts reconciliation is raising a lot of questions on many minds.

As at the time of this writing, it was understood that the staff of the indigenous software vendor were already implementing the solution at Diamond bank. It is the speed at which Diamond bank plc, one of the latest endorsers of the solution, is going about the deployment of the application that now compels us to ask the question, Why CLIREC? Though, it is gathered that the need to eliminate waste, redundancy, and human errors, while establishing a culture of timely, accurate and reliable accounts reconciliation system in bank’s operations, in addition to arrays of customisable operations, management, audit and control reports that the software offers that might be responsible for the recent rush for the product in the banking industry.

The Technical Assistant to the Managing Director of the Financial Software Solution provider once remarked, “CLIREC is unique because it is the only accounts reconciliation solution in the Nigerian market that integrates all classes and types of accounts reconciliation; be it Nostro, Suspense, General Ledger, Intercompany, Inter-branch, Money Markets, or E-Channels reconciliation into one reconciliation platform successfully”. With the ability of CLIREC to interface seamlessly with Core Banking Applications, it has endeared itself to teaming number of companies in the industry. A senior manager, Chief Support Officer of the software outfit was quoted in one of the training sessions on CLIREC as saying, “The robust CLIREC’s features are products of live reconciliation experiences at many clients’ sites that are running the software”. Going by these assertions, the banks seem to have good reasons for scrambling for the indigenous reconciliation solution.

Precise Financial Systems is a foremost Software Development and Marketing Company with a niche for financial systems. In respect to this, Precise Financial Systems is involved in generalised and personalized software to suit clients’ need. Precise Financial Systems also maintains strategic business alliances and relationships with professional partners and other complementing business interest to create synergy for maximum client value, where necessary. The firm has a vision to be the most admired and most preferred company in her domain of business operations and works to deliver very simple, easy-to-learn and easy-to-use solutions to complex problems. A part of the firm’s mission states thus: “Our business is to make the workplace fun to be, while adding great value to the work environment.”