Accounts reconciliation, stock reconciliation and all forms of reconciliation is a cumbersome and time-consuming task – a realisation Niyi came to after he was sent to the department to serve time for insubordination.
Having always believed a bank job to be glamorous – all about the suits, the cloths and the nearness to easy credit, Niyi was finding out, albeit excruciatingly that Reconciliation was not a part of that glamour parade.
Then he was saved.
Unknowingly but fortunately, he was tasked with a business meeting with Precise Financial Systems, who had CLIREC, a Reconciliation solution that shaved 70% off the time the unit normally spent on the reconciliation process.
Niyi, now in his second month in the punishing unit had slept over on some occasions because some accounts didn’t reconcile. He remembered the first time he had spent the night in the office – for a measly N13!