Access Bank introduces new payroll processing solution

BY: Daily Graphic
Officials of Access Bank and SystemSpecs after the launch of the new platform
Officials of Access Bank and SystemSpecs after the launch of the new platform

Access Bank Ghana Limited has partnered SystemSpecs, a software development company, to introduce a platform to make it easier for people to process their payroll and other transactions.

Dubbed the Access Bank Remita Payroll, it provides organisations with an easy payroll processing and salary e-payment on a single platform.

The service also makes it possible for customers to easily process all salary-related allowances and deductions, as well as make automated remittances of funds and schedules for SSNIT contributions, tax payments and union dues, among other things.

A release issued by the bank said the service was available to both customers and non-customers of the Access Bank Ghana Limited.

It added that one of the major advantages of the service, which was available online and on mobile, was its ability to fully eliminate the need for organisations to process payroll on one platform and then take the data to another platform to transfer salaries or send salary schedules to various banks.

 It further provides added security and significantly improves operational efficiency and effectiveness.

The Managing Director of Access Bank, Mr Kris Ifeanyi Njoku, said the integration with the Remita Payroll System formed part of the bank’s long-term objective of meeting the needs of various organisations when it came to payroll management.

“Our objective is to always give our customers a banking experience backed by need-based solutions that are powered by robust technology. Our partnership with SystemSpecs represents this desire, which also brings us closer to achieving our strategic objective of becoming Africa’s gateway to the world.”

“Access Bank Remita Payroll provides customers with so much convenience to manage all their monthly payroll processes on a single platform and frees them up to focus on their core operations,” he said.  

He added that the introduction of the Remita Payroll was also in line with Access Bank’s 5-year strategy, which was expected to accelerate the bank’s growth and position it as a leading Bank across its various operating markets by 2022.

The Group Head, International Business at SystemSpecs, Demola Igbalajobi said: “As technology providers, we are convinced that this partnership provides Access Bank’s customers and non-customers with new and exciting capability and flexibility for the management of payroll processing and payments at such a low cost. This aligns with our vision of becoming an institution of reference, especially in the provision of seamless technology solutions for payroll and payments management across Africa.”

Building systems

The release also added that the bank’s strategy was underpinned by robust risk management together with high levels of automations to enhance the compliance and risk functions and drive customer insights.

It will also develop an integrated global franchise by strategically positioning itself in key African markets, enhancing collaboration in global financial gateways, including London and New York, Asia and the Middle East and strengthening its trade hubs in India, Dubai and China.