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FCMB and SystemSpecs Signal MoU, Launch a Payroll Resolution for SMEs

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FCMB and SystemSpecs Sign MoU, Launch a Payroll Solution for SMEs

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First Metropolis Monument Financial institution (FCMB), a number one monetary
providers supplier, in collaboration with SystemSpecs Restricted, has launched a
answer that’s targeted on aiding completely different features of enterprise operation. In
a Memorandum of Understanding (MoU) signing ceremony held in Lagos on October
24, 2019, the Financial institution stated the product is a payroll answer, designed to satisfy the
yearnings of 1000’s of its SME clients looking for extra environment friendly, easy-to-use
and reasonably priced enterprise instruments to seamlessly function their companies. This, it
was disclosed, might be very helpful to people in enterprise, small and medium
enterprises in addition to company organisations.

Tagged “FCMB
”, the answer comes with thrilling options that allow SME house owners to simply
course of payroll; pay staff’ salaries into business/micro-finance financial institution
accounts or wallets and difficulty them common pay slips. To all workers of any
buyer or registered SME, the answer additionally over-rides collateral
necessities, even with out the standard documentation to entry loans from
FCMB. The product permits these clients simply preserve historic private
and fee information of all staff, together with objects comparable to their taxes,
pensions and different doable transactions.

different advantages, workers who’re on the payroll answer may have entry to
payday loans after Three-6 months of enrolment. That is on the premise that wage
funds are persistently executed via the portal. The lender additionally declared the
answer is open to each FCMB and non-FCMB account holders. In the meantime, salaries
will be paid from any checking account in Nigeria to any particular person wage account
in another financial institution.

FCMB Payroll is
delivered in partnership with SystemSpecs, considered one of Nigeria’s main payroll
answer and providers corporations with over 25 years’ expertise of offering
payroll options and providers to private and non-private sector organisations in
Nigeria and different African international locations. The corporate can also be the supplier of Remita
Funds Utility, Fee Gateway and Fee Infrastructure.

on the initiative, the Managing Director, First Metropolis Monument Financial institution (FCMB), Mr.
Adam Nuru, stated the introduction of the FCMB
Payroll initiative is according to the dedication of the Financial institution to develop the
nation’s economic system by offering SMEs with cutting-edge enterprise instruments to help
their operations and assist them construct scale. Mr. Nuru additional said that, “we
are excited to associate with SystemSpecs, a serious options supplier within the
monetary ecosystem to handle a number of the challenges confronting SMEs. The
FCMB Payroll platform has been designed to supply a extra handy and fashionable
enterprise device for enterprise house owners and their staff. As a Financial institution that’s
persistently innovating to satisfy our more and more dynamic buyer base, we’re
assured that the FCMB Payroll initiative will go a protracted approach to increase the
operations of SMEs and enhance their productiveness’’.

Additionally talking, the Managing Director of SystemSpecs, Mr. John Obaro, stated, “as an organisation, our purpose is to proceed to supply people and organisations with modern instruments to assist them turn out to be extra productive and take full cost of their operations. We’re delighted on the alternative to associate FCMB to increase our expertise and experience in payroll options to the Financial institution’s clients. We’re satisfied that FCMB Payroll would assist SME clients enhance their processes, preserve a happy workforce, increase margins and enhance scale speedily.”

Payroll has choices for SMEs at completely different phases of progress and these can be found to all FCMB SME enterprise account holders and a choose SMEs
section that maintains enterprise accounts with different banks.  The bottom choice
is FREE to make use of for all SMEs. Signing up to make use of FCMB Payroll is straightforward and quick
and will be achieved from the Financial institution’s web site.

For extra details about FCMB, please go to

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