First city Monument Bank Limited says it has introduced a tracking and reconciliation solution with electronic invoicing capabilities for Small and Medium-scale Enterprises.
The bank said in a statement that the ‘FCMB e-invoicing’ was a unique payment offering, designed to help SMEs keep track of their cashflow, especially as it affects payments, receivables, reconciliation and other financial transactions, through Internet banking, cards and other channels.
FCMB’s Retail Banking Divisional Head, Mr. Olu Akanmu, was quoted as saying, “This offering is to demonstrate the bank’s value as a helpful financial institution and further amplify our commitment to enhance the operations and fast-track the growth of SMEs. We understand that one of the best ways to grow SMEs is to offer products and services that are simple, convenient, secure and at the same time add significant value to their businesses.
“We are excited to pioneer this initiative. It is another testimony of our unequaled commitment in offering exceptional offerings. We always want to go the extra mile to satisfy our customers and this is sustained by investing in initiatives that enhance customer experience and best practices as an inclusive lender.”
Culled from ThePunch
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