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First Assurance House
174B Muritala
Mohammed Way,
Yaba, Lagos,
Nigeria.
Tel/Fax:
+234 (0)1 4808887
+234 (0)1 3425230 - 1
Email: pfs@thepfs.biz
   
 
 
Product Profile For NAX®
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NAX®

 
NAX® interfaces to the posting files generated either from the Zonal Clearing Centres, generate necessary postings into customer accounts and help accounts officers authenticate every instrument probably after physical verification of the instruments. Where a particular cheque is to be returned. NAX® automatically carries out reconciliation between posting files and actual instruments.
 

Area of Application
  • FOREIGN ACCOUNTS RECONCILIATION
     
  • LOCAL ACCOUNTS RECONCILIATION
     
  • SELF-RECONCILABLE ACCOUNTS RECONCILIATION
     
  • SUSPENSE ACCOUNTS RECONCILIATION
     
  • INTER-BRANCH ACCOUNTS RECONCILIATION
     
  • INTER-COMPANY ACCOUNT RECONCILIATION
     
  • AUTHENTICATION OF FINANCIAL COST
     
 
Benefits
  • Eradication of cheque suppression frauds
     
  • Elimination of manual clearing entries
     
  • Stress-free clearing duties
     
  • Reduced time and effort in clearing
     
  • Fully secure
     
  • automated generation of nacs returns
     
  • interface to bankIng system
     
  • Recomputation and distribution of nacs charges
     
 
 
Features
  • Interface to Nacs posting file
     
  • clearing entries posting
     
  • cheque treatment (honour, return)
     
  • Reconciliation
     
  • Reporting
     
  • User friendly, User oriented
     
 
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