Access Bank Plc Monday introduced an internet banking solution for its corporate account holders named Primus.
Speaking at an event held in Lagos, the Group Managing Director/Chief Executive Officer, Access Bank, Mr. Aigboje Aig-Imoukhuede, described the product as one of the key initiatives from the bank’s 5-year medium term strategy.
According to him, the product is technology-dependent and corporate-focused.
He said the product which is expected to address challenges faced by chief financial officers (CFOs) covers areas such as payment management, receivable management, liquidity management, trade services optimisation, foreign exchange optimisation, cash flow forecasting, investment management, supply chain management as well as reporting and reconciliation.
“We are confident that the product will be first and will remain first and you will see that the choice of the name for this product denotes the fact that our product brings revolution to our customers. This product does not exist in the Nigerian banking industry today and will make every bank in Nigeria to rise to the occasion,” Aig-Imoukhuede declared.
Some of its benefits of the Access Bank’s corporate internet banking solution include improved decision making and execution with enhanced visibility and control of cash position, support faster, efficient and straight-through-processing and simplified transaction workflows
On his part, the bank’s Group Deputy Managing Director, Mr. Herbert Wigwe, said large corporate and other categories of businesses involved in the complex dynamics of daily business operations would have superlative experience in managing their daily activities with the introduction of the product.
He added that “the internet banking solution is not just a secure multi-transaction management platform that removes the complexities around daily financial management of multinationals and large corporations but also facilitates easy transaction with suppliers and distributors as well as employees in the value chain by simplifying the processes involved in executing payment, managing receivables and treasury services in the daily dealings of organisations.”
He added: “The corporate internet banking solution is a 21st century-game changer that offers its users all the convenience, security and flexibility in cash management and payment with just a click of button.”
Posted by SirVic for wetopup(News Laboratry)