This document is a proposal from MCL Solutions Limited, a finance consultancy and software development firm, to review bank charges and recover excess charges imposed on past transactions for a client. MCL uses their specialized Bank Charges and Reconciliation Software (Banker) to accurately analyze transactions and identify areas where banks have overcharged fees and interest. They are proposing to conduct a review of the client's past bank transactions and recover any excess charges identified, or install their Banker software to help the client manage their accounts and identify overcharges going forward. The document provides examples of common ways banks overcharge and explains the capabilities of the Banker software to detect these issues.
Cash management is a marketing term used in corporate and private banks. Bank cash management system is a system in which cash is managed primarily for larger business customers. Cash management process is pre-requisite to execute payments, collect receivables and manage liquidity. It is more often used to describe specific services such as cash concentration, automated clearing house facilities and zero balance accounting.
The Compensation policy is designed to cover areas relating to all products and services offered by HSBC India. Here, we cover everything from Erroneous debits to accounts, Payment of interest to customers for delayed collection of cheques/instruments, as well as Erroneous credit card charges. To resolve queries specifically about credit cards, please refer www.hsbc.co.in/credit-cards/
Cash management is a marketing term used in corporate and private banks. Bank cash management system is a system in which cash is managed primarily for larger business customers. Cash management process is pre-requisite to execute payments, collect receivables and manage liquidity. It is more often used to describe specific services such as cash concentration, automated clearing house facilities and zero balance accounting.
The Compensation policy is designed to cover areas relating to all products and services offered by HSBC India. Here, we cover everything from Erroneous debits to accounts, Payment of interest to customers for delayed collection of cheques/instruments, as well as Erroneous credit card charges. To resolve queries specifically about credit cards, please refer www.hsbc.co.in/credit-cards/
Concepts in Banking and Accounting of transactions: Accounting in banks, Electronic Banking, RTGS, ATM, MICR,
OCR, OMR, and DATANET, Petty Cash, Electronic Clearing Service (ECS), National Electronic Funds Transfer (NEFT) System,
Real Time Gross Settlement (RTGS) System, IMPS.
Concepts in Banking and Accounting of transactions: Accounting in banks, Electronic Banking, RTGS, ATM, MICR,
OCR, OMR, and DATANET, Petty Cash, Electronic Clearing Service (ECS), National Electronic Funds Transfer (NEFT) System,
Real Time Gross Settlement (RTGS) System, IMPS.
Concepts in Banking and Accounting of transactions: Accounting in banks, Electronic Banking, RTGS, ATM, MICR,
OCR, OMR, and DATANET, Petty Cash, Electronic Clearing Service (ECS), National Electronic Funds Transfer (NEFT) System,
Real Time Gross Settlement (RTGS) System, IMPS.
Concepts in Banking and Accounting of transactions: Accounting in banks, Electronic Banking, RTGS, ATM, MICR,
OCR, OMR, and DATANET, Petty Cash, Electronic Clearing Service (ECS), National Electronic Funds Transfer (NEFT) System,
Real Time Gross Settlement (RTGS) System, IMPS.
Concepts in Banking and Accounting of transactions: Accounting in banks, Electronic Banking, RTGS, ATM, MICR,
OCR, OMR, and DATANET, Petty Cash, Electronic Clearing Service (ECS), National Electronic Funds Transfer (NEFT) System,
Real Time Gross Settlement (RTGS) System, IMPS.
Concepts in Banking and Accounting of transactions: Accounting in banks, Electronic Banking, RTGS, ATM, MICR,
OCR, OMR, and DATANET, Petty Cash, Electronic Clearing Service (ECS), National Electronic Funds Transfer (NEFT) System,
Real Time Gross Settlement (RTGS) System, IMPS.
RESEARCHING THE CREDIT CARD INDUSTRY The student is free to e.docxbrittneyj3
RESEARCHING THE CREDIT CARD INDUSTRY:
The student is free to engage in research of the credit card industry using any medium and/or forum the student chooses, as long as the student acquaints himself/herself with the terminology used, the workings of the industry and the processes and interrelationships of the types of organizations that are vital to the process. Suggestions as to where the student may begin his/her research and some key terms are included herein below. Regardless of the manner or technique of research used by the student, it is expected that before the student engages in any meaningful undertaking of Phase I that the student become familiar with the process generally used in the credit card industry, the terminology used therein, and with the fictious company information used for this semester’s project prior to any undertaking of Phase I.
Specifically, the student should be familiar with the function or role of parties mentioned in the terminology document.
INTRODUCTION TO SUPERIOR CARD PROCESSOR, INC. (SCP), AND TO “YOU” THE NEW HEAD OF THE IG PROJECT MANAGER FOR THE INFORMATION GOVERNANCE PROJECT DESIGN AND DEVELOPMENT TEAM
Superior Card Processor, Inc., (“SCP”) is a new, startup Credit Card Processing company that has been in business for approximately two (2) years. Its principal place of business and original processing center is located in Louisville, Kentucky. In the past two years, SCP has opened 6 additional remote credit card processing centers, one in each of Indiana, Ohio, Tennessee, Florida, Texas and California.
SCP offers services and competitive rates similar to those offered by its competition, the larger and well established credit card processors such as Flagship Merchant Services and First Data Merchant Services. SCP offers credit card processing solutions to retail merchants as well as on-line merchants engaged in e-commerce. Services offered to merchants who accept credit cards from their customers include but are not limited to selling and/or leasing point of sale (POS) terminals and peripherals with built in security, wireless and mobile point of sale (POS) terminal solution that can be carried by the mobile merchant to accept payments anywhere the merchant does business for so long as the merchant has access to the internet, and on-line solutions for merchants engaged in e-commerce. Superior Card Processor, Inc. advertises that it offers state-of-the-art security and compliance packages designed to insure the merchant is best equipped to safeguard its data and that of its customers.
SCP also services Merchant Banks who handle Merchant deposit accounts and has an option whereby the Merchant Bank can contract with SCP and the Merchant Bank act as a middleman in placing SCP’s terminals with its Merchant depositors. In those cases, the “discount” fee charged to the Merchant by both SCP and the Merchant Bank is negotiated between SCP and the Merchant Bank, who enters into an agreement with the Mer.
FINCA’s experience implementing Agency & Mobile Banking in Africa.
Presented by Nathan Were, MCF Project Manager, Africa. To the School of African Microfinance Class of 2015
While traditional banks contend with inflexible legacy IT systems, the transformational ones deploy Agile methods to significantly reduce their time to value and make the organization more flexible as a whole.
Transformation is difficult and digital transformation is even harder.
The presentation starts with an overview on Transaction Banking products. It describes some innovations and best practices in the industry globally. Finally, it compares the major banking players and their maturity level in providing transaction banking services in Oman.
This study notes will give you the complete knowledge about Centralized Online Real-Time Environment Banking System. From initially required knowledge to like how the bank works with the list of primary operation it also explains the detailed architecture of banking system with all relevant parameters. In addition, it also gives you the detail like audit procedure with relevant controls. Also gives you the required knowledge of IT Act and Cyber Frauds and more.
The financing of the international trade of goods — and the underwriting thereof — implicate a many-staged process of manufacture, storage, movement, delivery, inspection, and vending. The parties involved are many. The documentation of rights and responsibilities used to fill a small library of paper, and now involves paper, electronic communication, and some digital information transfer. Many points of delay and potential contention persist. Can blockchain clean this up? What other technological developments are reshaping trade finance?
Part of the webinar series: Blockchain Basics 2022
See more at https://www.financialpoise.com/webinars/
The financing of the international trade of goods — and the underwriting thereof — implicate a many-staged process of manufacture, storage, movement, delivery, inspection, and vending. The parties involved are many. The documentation of rights and responsibilities used to fill a small library of paper, and now involves paper, electronic communication, and some digital information transfer. Many points of delay and potential contention persist. Can blockchain clean this up? What other technological developments are reshaping trade finance?
Part of the webinar series: Blockchain Basics 2021
See more at https://www.financialpoise.com/webinars/
Future focus international limited specializes in entertainment business development, branding, partnership and integration management.
when, how, where and what entertainment meets business strategies.
* An overview of ICT and applications in B2B.
* Touching on the most common ICT applications, and trends on telecom platform.
* Touching on the basic infrastructure that supports the use of ICT tools and services within organizations.
* Application Interface.
* Data representation and Processing
The dynamic and fast paced nature of the global financial markets necessitate the use of technology to provide the industry with next generation solutions that are reliable and function with accuracy. The industry faces the challenge of providing innovative products to cope up with the demands of a growing population of technology-savvy and affluent clientele and at the same time increase their profitability by making effective use of resources with a view to minimize costs and risks with a dynamic workforce.
Financial institution is facing tougher competition, reduced margins, rapid change and new regulatory requirements, banking organizations are under pressure to have access to and provide more timely and accurate information. In order to overcome these challenges, ERP helps banks become more customer-centric and efficient. Critical business tasks – including business analytics, financial and accounting processes, human capital management, support and logistics – are improved for employee access, while customers, vendors and partners can gain more flexible, yet secure, access to key service areas. These enable banks to provide innovative, result-oriented and cost-effective solutions.
Bearing this in mind, we hereby present our proposal as attached for development, installation, implementation and maintenance of Enterprise Resource Management (ERP) for your organization.
Hisplus Systems Limited
FREE FOREX Trading System training from Novice to Professional.
Learn making Money through Forex Trading.
Send invite to your friends and colleagues through this event portfolio
Feel FREE to SHARE this post SHARE/Tag your friends.
E- library system also known as a digital library is concerned with that body of knowledge relating to the collection, organization, storage, distribution, retrieval, and utilization of digital information. Digital libraries basically store materials in electronic format and manipulate large collections of those materials effectively.
Format would be a combination of text, imaging, sound, video, audio and animation.
PROPOSAL FOR E-BUSINESS B2B AND B2C WEBSITE INTEGRATION SYSTEM
HISPLUS Systems Limited is an indigenous IT company. We specialize in the development and deployment of computer application programs, ERP, e-commerce, e-business, e-portals, allied sales and services, biometrics management and IT training.
Aim
To integrate e-business and e-commerce systems into Afro – Asia Industries Limited online portal.
Methodology
The code to use in building the website will be DHTML with PHP scripting having interactive database capability.
Goals and Objectives
1. A welcoming window that is easy to navigate if for first time users
2. Colours that match Afro Asia
3. Interactive capacity to do the following
a. Make enquiries { which we would respond to promptly}
b. Establish company product ranges and its availability
c. Establish the product prices
d. Make orders which can be approved on receipt of payments confirmation
e. Confirm loading day and time
f. Establish other support eg Transport {where customer does not have its own truck}
g. Enquire about employment and be able to submit CV's
h. Customers should be able to make payment direct to our bank account through VISA/V Pay, Verve/Interswitch, E Transact e.t.c., Cash, RTGS, and other form of electronic transfer
i. Where the internet is unavailable, customer can also pay via POS Terminals to be operated from our Office in Nnewi here before loading. This would remove the need to move cash from one Bank to the other with the attendant risk.
j. Customers should also be able to book, Pay and on confirmation of payment, the goods would be loaded and delivered to the customer at his/her cost but to his/her chosen location without coming to our factory
E-business and ecommerce Integration features.
The website contents accessible by user names and passwords will have the main menu as outlined below.
1. Payment gateways (Online Shopping)
2. E- business Home
3. Registration
4. Login
5. Sales Management
6. Inventory Management
7. Online Quotation system
8. Transport Management
9. Career Management
10. Search System
11. Desktop Integration System
12. Admin
a. Setup
b. Company Information
c. User Maintenance (Buyers, Suppliers, Agents, Company Users / Staff)
d. Role Permissions
e. Sales Types
f. Customer Types
g. Supplier Types
h. Payment Terms
i. Set Purchase Order Authorization levels
j. Payment Methods
k. Sales People / Areas
k. Content Management System / Maintenance
l. New Products Platform
m. Output setup
i. Printing
ii. SMS
iii. Email
13. Social Networking
a. Facebook
b. Twitter
c. LinkedIn
d. YouTube
e. Picasa
14. Search by
a. Basic / General
b. Index
c. Advanced
15. Browse by
a. Colour
b. Size
c. Model Number
d. Name
e. Weight
f. Unit of Measurement
g. Other attributes as defined by the administrator
16. Online Catalog System
17. POS Terminal Integration
This training by Hisplus systems is the systematic deployment of business knowledge on participants in helping a state or country or sector or council boosting its economy with strategic business knowledge. Some topics to be treated are
Project Design & Proposal writing
Project life cycle – Project management covering all aspects of the project various phases and processes.
Business Planning process and the elements that make up a business plan.
Marketing and sales methodologies and processes including the ability to tailor the delegates own businesses.
Product and service management. (I.e. product lifecycle management, pricing, etc.) ()
Training in Finance, including but not limited to basic accounting, costing techniques, investment evaluation; ()
Legal environment for business, procurement and contract management. ()
Human Resources Management ()
Communications management. ()
HISPLUS Systems Limited, having its head office in Lagos, is an Information
Technology Company specializing in computer application programming, business technology, training, ERP, ecommerce, e-business, e-portal, biometrics management, allied products and services.
HISPLUS is being managed by well-seasoned professionals both nationally and internationally.
We also engage in web and mobile applications development where we work together as a team to deliver the ultimate in customer satisfaction while also helping each business or company achieve their unique needs.
Hisplus has gained exceptional experience in application development, software integration, technical support and maintenance, web application development, biometrics and other programming services for big and small companies in Nigeria, Malaysia and UK.
Our Vision
1. MCL SOLUTIONS LIMITED o Bank Charges/Reconciliation Software
The Solutions Provider o Recovery of Excess Bank Charges
2B, Bola Crescent, Off Anthony Village Road, Anthony, Lagos, Nigeria. o Funds Procurement
Tel:... 234–1–8707669, 802–3187506, 809–8187506 o Training
E-mail: contact@mclsolutionslimited.com
Website: www.mclsolutionslimited.com o Software Development
Proposal
REVIEW OF BANK CHARGES AND RECOVERY OF
EXCESS CHARGES ON PAST TRANSACTIONS USING
OUR BANK CHARGES AND RECONCILIATION
SOFTWARE (BANKER)
Presented To
...................................,
..............................................,
...................................,
........................,
................
Attention:..........................................
God is able...
2. MCL SOLUTIONS LIMITED o Bank Charges/Reconciliation Software
The Solutions Provider o Recovery of Excess Bank Charges
2B, Bola Crescent, Off Anthony Village Road, Anthony, Lagos, Nigeria. o Funds Procurement
Tel:... 234–1–8707669, 802–3187506, 809–8187506 o Training
E-mail: contact@mclsolutionslimited.com
Website: www.mclsolutionslimited.com o Software Development
25th May, 2012.
....................................,
..................................,
............................,
......................,
...............
Attention: ..................................
Sir,
REVIEW OF BANK CHARGES AND RECOVERY OF EXCESS CHARGES ON
PAST TRANSACTIONS USING OUR BANK CHARGES AND RECONCILIATION
SOFTWARE (BANKER)
We are a finance consultancy firm and we specialise in review of bank charges to
recover excess charges imposed on our clients by their banks. To maximise the
recoverable excess charges with utmost accuracy and undeniable proof, we use our
specialised Bank Charges and Reconciliation Software (called Banker) developed in
accordance with local/international monetary standard by our software development
team. With the recovery of excess bank charges, we make our clients’ past
business activities more rewarding and reduce cost of funds for onward business
activities. In the course of the review exercise, our software scrutinise areas where
banks might have inadvertently or advertently:
1. overcharged debit interest
2. overcharged fees on facilities granted
3. overcharged COT and VAT on COT
4. charged COT on non-COTable transactions
5. undercredited interest on savings/deposit/investment accounts
6. charged VAT on non-VATable transactions
7. reversed funds transaction for COT/interest gain
8. backdated/postdated value dates to with-hold funds from cleared cheques
9. debited your account with ‘unknown’ cheques
10. denied your accounts of your legitimate funds
As a result, we are hereby proposing to review the bank charges on your past bank
transactions with a view to recover the excess charges imposed on your accounts so
God is able...
3. far and/or install our bank charges and reconciliation software for your organisations
with training of your officials to manage your bank accounts and facilitate
subsequent in-house review exercise.
Attached is a brief write-up exposing few of the ways your bank(s) might have over-
debited and/or under-credited your accounts, terms of service and references.
In view of the above, we would appreciate having the opportunity to do a
presentation of our review services and software to your selected team for
appropriate assessment, negotiations and a question and answer (Q&A) session to
discuss the nitty-gritty of the proposed exercise and software.
Thank you very much for the invitation for a presentation.
Yours faithfully,
MCL Solutions Limited.
Tunde Omitogun, Ayotunde Sodipe
Client Operations and Training Managing Director/CEO
+234-803-8888-701
4. DETECTING EXCESS BANK CHARGES
BY USING
BANKER
(BANK CHARGES AND RECONCILIATION SOFTWARE)
1. Application of unapproved and unagreed interest rate:
Sometimes, the rates and fees used for debit interest/fees on facilities availed
might be inconsistent with the laid-down monetary policies and might not be as
agreed with the bank(s). It is sometimes a fraction of percentage less for credit
interest or a fraction of percentage more for debit interest. The implication is that
the account holder is denied of his/her legitimate funds while the bank rakes in
more profit by way of excess charges.
Our Banker software ensures that interest and fees are based on agreed rates
within the limit of the monetary policies.
2. Application of COT (Commission-On-Turnover):
COT is one of the major means through which banks overcharge customers
especially the high networth and volume accounts. There are about six classes
of transactions exempted from COT charges but most of the banks do otherwise.
Sometimes, because of the volume of transactions, you might have negotiated
COT rate with your bank. In order to increase their COT earnings, the bank use
rates higher than agreed rate without informing customers.
Our Banker software ensures that the COT calculation is as agreed within the
limit of the monetary policies.
3. Application of undue excess/default charge:
Credit (overdraft, excess overdraft, finance, lease, etc) are facilities given to
proven customers to facilitate and promote their businesses beyond their
financial capabilities. It is mandatory that accounts running on one/more facilities
must attract debit interest. In some banks and for some account holders, the
stipulated limit does not mean the customer cannot exceed the limit but the amo-
5. unt by which the limit is exceeded (called excess/default) would attract a higher
debit interest rate. Contrary to monetary policies, when limit is exceeded some
banks calculate interest using excess rate on both limit and excess thereby
overcharging the customer on the limit.
Our Banker software ensures interest calculation on facilities (limit and excess) is
in accordance with the monetary policies and procedure of interest calculation.
4. Application of unauthorised fees on facilities:
There are fees allowed to be charged on bank facilities. These fees have rules
and regulations guiding their applications, computations and frequencies. Most
times, some of the banks violates the rules and regulations on fees by applying
wrong procedures and frequencies.
Our Banker software eliminates this practice by ensuring that all fees are in line
with rules and regulations of lending fees.
5. Inappropriate management of BAs and CPs:
BA (Bankers Acceptance) and CP (Commercial Papers) are instruments used by
banks to avail credit facilities to credit-worthy customers. Inappropriate BA and
CP parameters like interest rates, tenor/duration termination, fees, rollover
differentials, etc could lead to huge amount of overcharge on the account
absorbing the fees/charges.
Our Banker software is equipped with the mechanism to generate appropriate
parameters for BA and CP charges thereby eliminating all possibilities of
overcharge and increasing the profitability of the instruments.
6. Foreign Exchange Sales, Bidding and Rates:
Another major means of overcharge on facility accounts is exchange rates
applied on some foreign exchange transactions. Several times, the banks apply
unauthorised exchange rates on forex transactions thereby short-changing the
customers
Our Banker software is a multi-currency application and allow transactions in
other currencies with appropriate exchange rates at bidding dates.
7. Application of backdated/postdated value/effective dates:
Backdating of debit transaction is a situation in which a withdrawal is given a
6. value/effective date earlier than the transaction date. An example is when a
withdrawal that took place on Friday 10th January, 2003 is said to be effective (i.e.
having value date) on Monday 6th January, 2003. Postdating of credit transaction
is a situation in which a lodgement is given a value/effective date later than the
supposed value date. An example is when a lodgement that took place on the
Monday 13th January, 2003 and supposed to have value on 16th January, 2003 is
given 20th January, 2003.
The monetary policies states clearing period for every class of transaction
thereby enabling customers to determine appropriate value/effective date of their
transactions. Backdating/postdating of value dates is another major means of
bank overcharge as it imposes undue debit interest on customer and reduces
credit interest due to customers.
Our Banker software is equipped with excellent value date generation
mechanism with consideration for weekends and holidays thereby detecting
overcharge that emanated from wrong value dates.
8. Inclusion of unknown cheques:
This is a situation in which a cheque with the same human-interpreted serial
number with yours and owned by another customer was debited into your
account and account of the owner thereby making an unauthorised withdrawal
from your account. This situation is very dangerous when your account is having
high confirmation limit and continuous overdraft facility because you may not
know when an unknown cheque is withdrawing funds from your account.
Our Banker software has an in-built mechanism to detect unknown cheques.
9. Application of undue VAT charges:
By regulations, not all charges are VATable but the banks do otherwise.
Example, VAT is not chargeable on interest/overdraft charges.
10. Statement/Cash book Reconciliation:
The software is equipped with account reconciliation module that imports
statement of account and cash book entries in Microsoft Excel files then match
them automatically. For situations where one transaction on statement of
account is splitted into two/more on the cash book or vice versa, the software is
equipped with manual match function to enable users match the transactions.
Upon completion of the matching exercise, the software would produce the
following reports:
7. a. Reconciliation statement
b. Bank statement listing
c. Cash book listing
d. Transactions matched
e. Cash book unmatched transactions
f. Bank Statement unmatched transactions
Revelation
In the history of our account review services, lowest overcharge we recovered is
N765,000.00 with interest-on-overcharge of N181,029.03 making a total overcharge
of N946,029.03 on 6 months account of N10,000,000.00Dr monthly turnover while
the highest overcharge we recovered is N3,217,651,426.40 with interest-on-
overcharge of N859,656,164.67 making a total of N4,077,307,591.07 on a 5-year
account of N1,600,000,000.00Dr monthly turnover.
Recovery Fee
As our fee for the recovery services, we shall be entitled to 40% of the excess
charges and waivers recovered from the bank(s).
References
For references, some of our clients are:
1. Acorn Petroleum Plc., Lagos.
2. Adebowale Investments Limited, Lagos.
3. Afribank Estate Company Limited, Lagos.
4. Alliance Energy Limited, Lagos.
5. Alminnur Resources Limited, Lagos.
6. Amokson Trading & Stores Limited, Ogun State.
7. Ayokunle Farms Limited, Ogun State.
8. Berger Paints Plc., Lagos.
9. Bideco Nigeria Limited, Lagos.
10. Chevron Nigeria Limited, Lagos.
11. Danmanya Petronetworks (Nig.) Limited.
12. First DeepWater Discovery Limited, Lagos.
13. Ikoyi Club 1938, Ikoyi, Lagos.
14. Industrial & General Insurance Co. Limited, Lagos.
15. International Breweries Plc., Osun State.
16. Masters Energy Oil & Gas Limited, Lagos.
17. Metropolitan Motors Limited, Lagos.
18. Mettle Energy & Gas Limited, Lagos.
8. 19. MRS Investment Company Limited, Lagos.
20. MRS Oil & Gas Company Limited, Lagos.
21. MRS Oil Nigeria Plc., Lagos.
22. Nikechukwu Motors Limited, Aba.
23. NetConstruct Nigeria Limited, Lagos.
24. Oando Plc., Lagos.
25. Petroleum Prospects International Limited.
26. Phase 3 Telecom Limited, Abuja..
27. Total Nigeria Plc., Lagos.
28. Toyota Nigeria Limited, Lagos.
29. Resourcery Limited, Lagos.
30. Slot Systems Limited, Lagos.
31. Solar Garden Projects Limited, Lagos.
32. Summit Strategic Services Limited, Lagos.
33. Ugo-Durumba Enterprises Limited, Owerri.
34. Waterparks Limited, Lagos.
35. Woobs Resources Limited, Lagos.
Thank you very much.
Yours faithfully,
MCL Solutions Limited.
9. Corporate Profile
MCL Solutions Limited is a software development company with speciality in
database software development and review of bank charges.
In the course of our operations, it was discovered that many organisations have
difficulties reconciling their accounts manually because of the volume of
transactions and have several excess bank charges imposed on their accounts but
cannot detect and prevent further occurrence. We also discovered that many
computer users (individuals and corporate bodies) have relegated their computer
systems to mere word processor and/or game machines running on dedicated word
processing and game software only. This practise has created under-utilization
problems for many computer hardware which, by manufacturer standard, is to serve
as an integral database equipment for the users.
As a result of our discoveries, we embarked on the software development project to
enable electronic bank account reconciliation and prevent account holders from
being overcharged by the banks and the outcome of the effort is our flagship product
tagged Banker (Bank Charges and Reconciliation Software). To ensure that
computers are used effectively and appropriately on this side of the globe, we have
been enlightening computer users on the importance and benefits of using well
configured hardware and software developed in accordance with the users
specifications as opposed to expensive software developed on foreign specifications
not application to Nigerian environment. So far, the company has developed series
of software for various users.
Services
Our professional services include:
1. Review and Recovery of Excess Bank Charges :
We also specialise in Recovery of Excess Charges imposed on bank accounts.
We perform this exercise by using our Banker (Reconciliation, Investments
and Bank Charges) software in accordance with the Central Bank of Nigeria
and international monetary policies. To stay afloat, various devices are being
employed by the banks to generate income. One act, not quite known to many is
that of imposing excess and spurious charges on customers and/or the
underpayment of interest due to customers. By recovering excess charges
(overcharge) on our clients account and securing waivers, we make their
business activities more profitable.
10. It is pertinent to note that this exercise is far beyond the scope of both internal
and external audit. Experience has shown that people misconstrue this exercise
with audit but our clients have since realised the difference after we have worked
through their accounts of 2 – 5 audited years and recovered excess charges.
2. Software Development:
The power and benefits derived from computer installations are determined by
the software in operation. Under this service, we design and develop software
packages ranging from simple database management system to complex
account management systems for private and public establishments. To ensure
that our software measure-up with user requirement, we carefully conduct
detailed specification interview with the intended users. After the interview, our
design experts proceed to design the most suitable procedures on which the
software will be developed by our development experts.
In addition to designing and developing software packages, we also render
software amendment service for old applications requiring upgrade. Our software
design and development service spans over the following tasks in phases:
• Systems investigation & specification interview
• Systems design & presentation for approval
• Systems development
• Test installation
• Final installation
• System changeover and user training
Software Products:
The following is a brief introduction of our software products:
a. Banker (A Bank Charges and Reconciliation Software):
This is an Account Reconciliation, Investments and Bank Charges Software.
It is for electronic reconciliation of bank accounts and to aid the users in
managing their accounts to detect and prevent excess charges imposed on
their accounts.
b. AssetMaster (An Asset & Fleet Management Software):
This is an Asset Management Software developed for the management of
fleet of vehicles and non-vehicle assets. The software is equipped with asset
registration, movement, improvement, transfer, disposal, accounts, custodian
profiles, asset-in-store and Work-In-Progress assets.
11. 3. Training:
Another factor that determine the power and benefits derived from computer
systems is the operation knowledge of the users. To ensure that computer
systems are used appropriately to derive the maximum benefits from the
installation, the application users and supervising IT staff must be given adequate
operation training with regards to the software in use.
We conduct corporate training for both private and public establishments having
computer systems and desiring proficiency. Our corporate training programme
covers training on our software and some other special-purpose software like:
• Documents Management
• Spreadsheet applications
• Programming applications:
- Programming with Microsoft Visual Basic
- Programming with SQL Server
12. Management Team
The firm (MCL Solutions Limited) is made up of the following departments:
1. Ayotunde Sodipe (Managing Director/CEO):
Mr. Ayotunde Sodipe is the Managing Director/CEO of the company. He had his
Computer Science courses with University of Lagos and Abubakar Tafawa
Balewa University, Bauchi. He is a member of Institute of Software Practitioners
of Nigeria (ISPON) and Chartered Institute of Banker of Nigeria (CIBN). In the
course of his service as a software developer and instructor to some banks, he
discovered some lapses/non-compliance in the way the banks compute
fees/charges/COT/interest thereby giving debit overcharge and/or credit
undercharge on customers’ account. His desire to proffer solutions for bank
customers to detect/prevent overcharge/undercharge lead to the development of
the Bank Charges and Reconciliation Software called Banker.
2. Pastor Adeshina Teluwo (Senior Consultant):
Pastor Adeshina Teluwo is a Chartered Accountant of over 35 years fellow
membership of Institute of Chartered Accountants of Nigeria (ICAN). He is the
Senior Consultant and the Head (Bank Relations Team).
3. Mr. Ayo Akinrogunde, FCA. (Executive Director, Operations):
Mr. Ayo Akinrogunde is a Fellow of the Institute of Chartered Accountants of
Nigeria (ICAN), and Chartered Institute of Taxation of Nigeria (CITN). He had his
Higher National Diploma in Accountancy from The Polytechnic, Ibadan. He has
over twenty years experience in operations, administrations, audit, finance and
control with successful multi-national companies before joining the company.
4. Kehinde Adebeso (Account Review):
Kehinde Adebeso is a Banking and Finance graduate of over 6 years experience
in bank charges review exercise. Ever since he was employed, he has
undergone several training in banking with bank facilities and charges as the core
focus. He is the Head, Account Review.
5. Babatunde Omitogun (Client Operations / Training):
Mr. Babatunde Omitogun is a University of Ife graduate of Computer Science and
has taken some training in banking. He is very vast and versatile in the usage of
all our software and he is the Head (Client Training/Development).