SystemSpecs Limited, the indigenous tech giant and provider of the Remita App and First City Monument Bank, (FCMB), a leading financial services provider, has struck a partnership deal, to provide a business solution that is, focused on aiding SMEs business operations, in Nigeria and some other countries in Africa.
The event was held in Lagos, on October 24, 2019, where the Memorandum of Understanding, (MoU), was signed.
The spokesperson of FCMB, lauded the initiative, saying that, the product is, a payroll solution, designed to meet the yearnings, of thousands of its SME customers, scattered around the country, who are seeking more efficient, easy-to-use and affordable business tools to, seamlessly, operate their businesses.
It was further disclosed that, this initiative, will help to boost business in Nigeria and it will, also, be very useful, to individuals, in business, small and medium enterprises, as well as, corporate organisations.
We are excited, to partner with SystemSpecs, a major solutions provider, in the financial ecosystem, to address some of the challenges, confronting SMEs”, stated Adamu Nuru, Managing Director, FCMB.
As an organisation, our aim is, to continue to build and provide individuals and organisations, with innovative tools, to help them become more, productive and take full charge, of their operations”, expressed John Obaro, Managing Director, SystenSpecs, while, also, speaking on the laudable initiative.
Obaro, also, stated that, SystemSpecs is, delighted at the opportunity, to partner FCMB, to extend its experience and expertise, in payroll solutions, to the Bank’s customers.
“We have full confidence in the fact that, the FCMB Payroll, would help SME customers, improve their processes, as well as, maintain a satisfied workforce, boost margins and increase scale, exponentially”, Obaro stressed.
The platform, (FCMB Payroll), has been designed, to provide a more convenient and modern business tool, for business owners and their employees.
The solution has been tagged, “FCMB Payroll” and it comes with exciting features that, enable SME owner to, easily, process payroll; pay employees’ salaries into commercial/micro-finance bank accounts, or, wallets and issue them, regular pay-slips.
The solution, also, over-rides collateral requirements, even, without the traditional documentation, to access loans, from FCMB, to all staff of any customer, or, registered SME.
Customers are able to, easily, maintain historical personal and payment records, of all employees, including items, such as their pensions, taxes and other possible transactions. Customers will, also, have access, to payday loans, after 3-6 months of enrolment.
This solution is, open to, both FCMB and non-FCMB account holders.
SystemSpecs is, ranked as one of the top fintech companies, in Nigeria and a leading payroll solution and services company, with over 25 years’ experience.
The fintech company is, the provider of Remita Payments Application, on which the Treasury Single Account, TSA, that consolidates the Federal Governments revenue. It is, also, a payment gateway that can be accessed by individuals and companies. It provides payroll solutions and services, to public and private sector organisations, in Nigeria and other African countries.
Featured Image: Nairametrics
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