As part of ongoing efforts by the Central Bank of Nigeria (CBN) to shorten the settlement cycle of a cheque to one day, the apex bank has worked with Nigeria Inter-Bank Settlement Systems (NIBSS) and financial services software provider, Precise Financial Systems (PFS) to implement live cheque truncation system in Lagos and Abuja.
PFS and NIBSS have enabled the CBN to execute the project,... Read more here.
RECOGNISING the enormous potential embedded in software development, Precise Financial Systems (PFS), an indigenous software development company, has reiterated the need for Nigeria to invest hugely in capacity building to encourage local developers in the country.
PFS Chief Executive Officer, Mr. Yele Okeremi, who...Read more here.
LAGOS, NIGERIA: AN Information Technology expert and the Chief Executive Officer, Precise Financial Systems Limited, Mr. Yele Okeremi, has said Nigeria can save up to $50bn through the development of software.
Okeremi also... Read more here.
PFS Self-Service Cheque & Cash Deposit Solution
We did this two years ago.... Read More Here
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.”