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Precise Financial Services/ What Is Precise Financial Services And All About Precise

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Precise Financial Services are a broad range of more specific activities such as banking, investing, and insurance. Financial services are limited to the activity of financial services firms and their professionals, while financial products are the actual goods, accounts, or investments they provide.

Precise Financial Services

What are the three basic financial services?. The finance field includes three main subcategories: personal finance, corporate finance, and public (government) finance. Financial services are the processes by which consumers and businesses acquire financial goods. The financial services sector is a primary driver of a nation’s economy.

Financial services refer to services provided by the banks and financial institutions in a financial system. In a broad sense, the term financial services mean mobilization and allocation of savings. Thus, it includes all activities involved in the transformation of savings into investment.

Precise Financial Services

PRECISE FINANCIAL SERVICES. is a world-class software development company. Prior to its change of corporate name in May 1998, PFS commenced operation in July 1992 under the former name โ€“ PEE-AARR CONSULTING LIMITED.

Through gaining experiences in various economic periods, our team is able to identify the best opportunities whether we are in good times or bad times. Good times provide growth in our portfolio and bad times, despite the potential negative effects, can provide opportunities.

Today; PFSโ€™ innovative and world-class solutions are running thousands of computers, serving numerous clients both in Nigeria and in thirty-seven (37) countries in Africa and beyond. With these cutting edge environmentally friendly software technologies, PFS has over the years, successfully positioned herself as a foremost force in the financial software development space of Africa. The recent successful design, development, and deployment of the current National Automated Clearing System (NACS) for the Nigerian Government in 2017 further strengthens this position.

PFS holds

PFS holds, to her credit, numerous product trademarks that serve many financial and non-financial organizations, some of which include the banks, federal and state government parastatals, insurance companies, oil and gas companies, telecommunication and IT companies, stockbroking firms, bureau de change firms, manufacturing companies, airlines, hotels, health management organizations, logistics firms, among others.

We work with many partners to deliver financial software services to our teeming clients. Our partners include Microsoft Corporation, IBM, SAP, Ernst Reiner Gmbh & Co. KG, Germany, Art of Africa, and International Marketing Partners. Ostensibly, we have been severally recognized on various fronts in the software development and financial services space. The company is a member of the Presidential Initiative for developing the software industry in Nigeria and a member of the CBN working group on Automated Clearing House and Cheque Truncation.

It was celebrated recently by the prestigious Cfi.co Award in London as the Winner of the Best Banking Solutions Team in West Africa. The 4th IT Edge West Africa Convergence Forum also honored the software house as the Innovative Leader in Financial Software Solution and as the 4th of the top 50 West African IT companies. PFS was also the winner of BoICT Award as the 2013 Indigenous Software Company of the Year; Africa Innovation Awards 2014 winner as the Financial Software Solution Provider of the Year; International Business Star, Accra, Quality Awards 2014 winner as Best Software Company in Africa 2013 for software development excellence and sterling support services.

Thus far we are still embarking on our mission to help our customers break barriers and change their status quo by providing simple solutions to their complex problems using proven technologies.

Precise Financial Services Applications Provision

The development of financial applications is our forte. From conception to design, development, and implementation, Precise Financial Systems delivers off the shelf and custom-built solutions to our teeming customers in various business areas and services:

Accounts Reconciliation & Settlements

For more than 27 years we have consistently evolved as a leading provider of advisory services and solutions for the complete spectrum of accounts reconciliation functions for many sectors of business practices. We have championed the development of what is today known as the three-way reconciliation model for ATM and other EFT products in the Nigerian financial sector.

We have similarly developed custom reconciliation models for the Insurance businesses, Microfinance Banks, Manufacturing sector, Pension industry, Logistics businesses, and other sectors.

Our accounts reconciliation and settlement solutions are currently powering businesses in more than 37 countries in Africa and beyond.

Cheque Processing, Truncation, and Clearing

In Nigeria, Precise Financial Systems is at the vanguard of cheque innovations. Besides birthing the cheque truncation revolution in the country that saw the extinction of costly use of reader sorter machines and physical exchange of cheques by banks and the adoption of portable transport scanning technology for cheque truncation and clearing.

The company is known for the design and deployment of the award-winning National Automated Clearing Systems (NACS) of the country. This is the only national clearing solution for all clearing banks in Nigeria. The ambition of the company is to provide a 360 degrees range of cheque services and solutions.

National Payment Switching Technologies

We facilitate the national payment switching technologies through the ability to participate banks to embed Dynamic Link Library (DLL) file at each participating banksโ€™ payment solution which will interface with our Session-less Central Clearing House as a result of a central web-based architecture with in-memory data structures transmission capabilities that exchange clearing instrument data 24/7 for an investment with high returns.

We currently power the Automated Clearing House (ACH) and the Nigeria Electronic Fund Transfers (NEFT) switch for Nigeria through the Nigeria Interbank Settlement System (NIBSS).

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Multi-Channels Payment Processing and Workflow Automation

Business payment processing systems have experienced great transformation in recent times. Multichannel processing and multi-bank accounts management, as well as payments workflow automation, have evolved immensely.

Digitalization of the payment workflows and processes has greatly impacted and simplified payment experiences for businesses, but what we have not so much seen in the various trends of developments in the industry is the ability of businesses to access a consolidated view of all their internal payments activities across multiple payment channels with various banks from a single platform.

This limitation has the potential of constraining companiesโ€™ monitoring over their cash flows and liquidity position for optimum decision making.

Core Accounting and Finance Technologies

In answer to the industryโ€™s yearning for readily customizable core accounting and finance solutions that are multi-sectorial in outlook with a multi-level general ledger system, Precise Financial Systems provides businesses with solutions to a myriad of challenges they face in their daily operations.

Types Of Financial Service

The term โ€œfinancial servicesโ€ comprises many different things. There are a plethora of opportunities in the financial sector for candidates to find the right fit. From banking to investments and beyond, the options are vast and varied.

So if you are considering a career in financial services, you first need to get an idea of the industryโ€™s scope in order to decide which path best suits you and your skills.

Here are the main 3 types of financial services for you to consider:

1. Banking Services

The banking industry is the foundation of the financial services group. It is most concerned with direct saving and lending, while the financial services sector incorporates investments, insurance, the redistribution of risk, and other financial activities. Banking services are provided by large commercial banks, community banks, credit unions, and other entities.

Banks earn revenue primarily on the difference in the interest rates charged for credit accounts and the rates paid to depositors. Financial services like these primarily earn revenue through fees, commissions, and other methods like the spread of interest rates between loans and deposits.

Banking includes handing deposits into checking and savings accounts, as well as lending money to customers. About 10% of the money deposited into banks must stay on hand, as dictated by the Federal Deposit Insurance Corporationโ€™s (FDIC) reserve requirement. The other 90% is available for loans. Some of the interest the bank earns from these loans is given to the customers who have deposited money into the bank.

2. Advisory

This branch of financial services helps both people and organizations with a variety of tasks. Financial advisors can help with due diligence on investments, provide valuation services for businesses, aid in real estate endeavors, and more. In each case, advisors help to guide people in the right direction when making financial decisions.

In our profession, the term โ€œadvisory servicesโ€ is used frequently, but there is little consensus about what it actually means. When we ask multi-service firms which advisory services they offer, the spectrum of responses is incredibly broad and often overlaps with traditional compliance services.

The AICPA defines advisory services as those services where the practitioner โ€œdevelops findings, conclusions, and recommendations for client consideration and decision making.โ€ AICPA further provides examples of advisory services that include โ€œan operational review and improvement study, analysis of an accounting system, assistance with strategic planning, and definition of requirements for an information system.โ€ This is helpful, but this definition feels more formal and narrower than how practitioners describe advisory services in their firms.

Compliance and advisory services are interdependent โ€” advisory services require a foundation of current, accurate books to provide actionable insights. While the suite of compliance services is constant across firms, the offering of advisory services tends to be personalize for each firm. Without a clear line of demarcation between services, some firms deliver advisory services while getting paid for compliance work.

3. Banking segments

Banking is made up of several segmentsโ€”retail banking, commercial banking, and investment banking. Also known as consumer or personal banking, retail banking serves consumers rather than corporations. These banks offer financial services tailored to individuals, including checking and savings accounts, mortgages, loans, and credit cards, as well as certain investment services.

Corporate, commercial, or business banking, on the other hand, deals with small businesses and large corporations. Like retail banking, it provides account services and credit products that are tailored to the specific needs of businesses.

An investment bank typically only works with deal makers and high-net-worth individuals (HNWIs)โ€”not the general public. These banks underwrite deals, secure access to capital markets, offer wealth management and tax advice, advise companies on mergers and acquisitions (M&A), and facilitate the buying and selling of stocks and bonds. Financial advisors and discount brokerages also occupy this niche.

In Conclusion

However, we hope we have provided some Precise Financial Services, we list and describe some of them. Moreover, there are still more of them which you can find Here

However, if there is anything you think we are missing. Don’t hesitate to inform us by dropping your advice in the comment section.

Either way, let me know by leaving a comment below!

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Smart Career Decisions Made Simple

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This article will guide you through the process of simplifying smart career decisions, ensuring that each step is both manageable and impactful.

Understanding Your Goals

Before embarking on a career journey, take the time to understand your goals. Reflect on your personal and professional aspirations, considering both short-term and long-term objectives. This self-awareness lays the foundation for making informed decisions that align with your vision for the future.

A. Identifying Personal and Professional Aspirations

Understanding your personal and professional aspirations is the foundational step in crafting a meaningful and fulfilling career. Personal aspirations encompass your individual desires, values, and lifestyle preferences. They might include achieving work-life balance, making a positive impact on society, or pursuing creative endeavors.

On the other hand, professional aspirations focus on your career goals, the level of success you aim to achieve, and the impact you want to make in your chosen field. These could involve climbing the corporate ladder, becoming an industry expert, or even starting your own business.

To identify your aspirations, take time for self-reflection. Ask yourself what brings you joy, what values are important to you, and where you see yourself in the long run. By aligning your personal and professional aspirations, you lay the groundwork for a career that is not only successful but also personally fulfilling.

B. Evaluating Long-Term Career Objectives

Evaluating long-term career objectives is a strategic process that involves setting ambitious yet achievable goals for your professional journey. Long-term objectives provide a roadmap, guiding your career decisions and actions over an extended period.

Start by envisioning where you see yourself in five, ten, or even twenty years. Consider the skills you want to acquire, the positions you aim to hold, and the impact you wish to make in your industry. It’s essential to be both realistic and ambitious in defining these objectives, ensuring they stretch your capabilities while remaining achievable with dedication and effort.

Regularly reassess and adjust your long-term career objectives as your professional landscape evolves. This flexibility allows you to adapt to changing circumstances while staying focused on your overarching goals.

Self-Assessment Tools

In today’s digital age, numerous self-assessment tools can aid in understanding your strengths, weaknesses, interests, and values. Leveraging these tools provides valuable insights that enhance your decision-making process. Embrace self-assessment as a tool for self-discovery and clarity.

A. Exploring the Use of Career Assessment Tools

Career assessment tools are invaluable resources for individuals navigating their professional paths. These tools come in various forms, including personality assessments, skills tests, and interest inventories. They provide objective insights into your strengths, weaknesses, preferences, and aptitudes.

By exploring these tools, you gain a comprehensive understanding of yourself, which forms the basis for informed career decisions. For instance, a personality assessment can reveal whether you thrive in collaborative or independent work environments, guiding your choice of professions. Skills tests can identify areas for improvement and development, directing your efforts towards acquiring valuable competencies.

Incorporate career assessment tools into your journey, treating them as allies in your quest for self-discovery and professional growth. Their insights will illuminate potential career paths that align with your unique attributes.

B. How Self-Assessment Enhances Decision-Making

Self-assessment is a powerful tool that enhances decision-making by bringing clarity and insight into your strengths, weaknesses, values, and goals. When faced with career decisions, self-assessment enables you to make choices that align with your authentic self.

Through self-assessment, you gain a deep understanding of your skills, allowing you to leverage them effectively in your career. It also highlights areas where improvement is needed, prompting intentional skill development.

Moreover, self-assessment fosters a sense of self-awareness that extends beyond tangible skills. It encompasses your values, interests, and motivations, providing a holistic view of what truly matters to you. This self-awareness serves as a compass, guiding you towards decisions that resonate with your authentic self.

Industry Research

Staying informed about current industry trends is essential. Conduct thorough research on potential career paths to identify emerging opportunities and challenges. A well-informed decision ensures that your career remains relevant and resilient in a dynamic job market.

A. The Significance of Understanding Current Industry Trends

Staying abreast of current industry trends is paramount for anyone aiming for sustained success in their career. Industries are dynamic, with trends evolving rapidly due to technological advancements, market shifts, and changing consumer behaviors.

Understanding these trends positions you as a proactive and informed professional. It allows you to anticipate changes, identify emerging opportunities, and adapt your skills and strategies accordingly. Whether it’s the adoption of new technologies, shifts in consumer preferences, or changes in regulatory landscapes, staying informed about industry trends ensures you remain relevant and competitive.

To stay ahead, regularly engage with industry publications, attend conferences, and participate in professional forums. This knowledge not only enhances your decision-making but also showcases your commitment to staying at the forefront of your field.

B. Conducting Comprehensive Research on Potential Career Paths

Before embarking on a new career path, conducting comprehensive research is essential for making informed decisions. This involves a thorough exploration of the specific roles, responsibilities, and requirements associated with potential careers.

Start by gathering information about the job market demand for the chosen career, the typical career trajectory, and the skills and qualifications needed. Seek insights from professionals already working in the field through informational interviews or networking events. Understanding the day-to-day realities of a particular career helps you assess whether it aligns with your interests, values, and long-term objectives.

Additionally, research potential employers, industry growth projections, and any challenges the industry may be facing. A well-informed decision at this stage can save you time and effort in the long run, ensuring you embark on a career path that suits both your aspirations and the realities of the job market.

Skill Analysis and Development

Assess your existing skill set and identify areas for improvement. Develop a strategic plan for skill enhancement, whether through formal education, workshops, or hands-on experience. Continuous skill development ensures you stay competitive and adaptable.

A. Assessing Existing Skills and Identifying Gaps

A crucial aspect of effective career planning is a candid assessment of your existing skills. Identify your strengths, weaknesses, and areas where improvement is needed. This self-awareness serves as the foundation for strategic career development.

Start by listing the skills you currently possess, both technical and soft skills. Then, compare this list with the skills demanded in your desired career path. Identify any gaps or areas where additional skills are required for success.

This process not only highlights the skills you can leverage but also guides your focus on skill development. It ensures that your efforts are directed towards acquiring the competencies most valued in your chosen field, enhancing your employability and setting you on a trajectory for success.

B. Strategies for Skill Development and Enhancement

Once you’ve identified skill gaps, it’s time to develop a strategic plan for enhancement. Consider a mix of formal education, workshops, certifications, and practical experience to build a well-rounded skill set.

Investigate courses or training programs that align with the specific skills needed for your chosen career. Seek mentorship or guidance from professionals who have excelled in those areas. Embrace opportunities for hands-on experience, as practical application often solidifies theoretical knowledge.

Additionally, staying abreast of industry advancements and continuously updating your skills ensures you remain competitive in a rapidly evolving job market. Commit to a lifelong learning mindset, where skill development becomes an ongoing journey rather than a one-time effort.

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Networking and Mentorship

Building a strong professional network is invaluable. Seek mentorship from experienced individuals in your desired field. Their guidance can provide unique perspectives, insider knowledge, and a support system as you navigate your career journey.

A. Building a Strong Professional Network

Building a robust professional network is a cornerstone of career success. Networking opens doors to opportunities, facilitates knowledge exchange, and provides a support system throughout your career journey.

Attend industry events, join professional associations, and actively participate in online forums relevant to your field. Establish genuine connections with colleagues, peers, and industry leaders. Networking isn’t just about what others can do for you; it’s also about how you can contribute to the professional community.

Regularly engage with your network through informational interviews, mentorship relationships, and collaborative projects. A strong professional network not only broadens your access to job opportunities but also enriches your professional experience through diverse perspectives and insights.

B. The Role of Mentors in Shaping Career Decisions

Mentorship is a powerful catalyst for career growth and development. A mentor, with their wealth of experience and insights, can provide guidance, share valuable lessons, and help navigate the complexities of a chosen career path.

Seek mentors who have excelled in the areas you aspire to explore. Their guidance can range from offering career advice and helping you set realistic goals to providing constructive feedback on your professional journey.

Mentorship goes beyond just career guidance; it often involves personal development as well. Mentors can help you navigate challenges, build resilience, and instill a sense of confidence in your abilities. Their influence can be instrumental in shaping not just your career decisions but also your overall professional identity.

Education and Continuous Learning

Investing in education is a lifelong commitment. Whether through formal degrees, certifications, or online courses, prioritize continuous learning. An evolving skill set not only enhances your employability but also opens doors to new and exciting opportunities.

A. The Impact of Education on Career Choices

Education plays a pivotal role in shaping career choices, influencing not only the range of opportunities available but also the skills and knowledge needed for success. The level and type of education one pursues can significantly impact their career trajectory.

For many professions, a specific educational background is a prerequisite. Completing higher education, whether through a university degree or specialized training, opens doors to a broader array of career options. Furthermore, education provides a foundational understanding of industry-specific concepts, best practices, and theoretical frameworks.

In today’s competitive job market, employers often value candidates with relevant educational qualifications. It serves as an indicator of commitment, discipline, and a willingness to invest in one’s professional development. While education is not the sole determinant of success, it undoubtedly shapes the initial path and opportunities available in one’s career journey.

B. Emphasizing the Importance of Continuous Learning

In a rapidly evolving global landscape, the importance of continuous learning cannot be overstated. Regardless of your career stage, ongoing education ensures that you remain adaptable, informed, and equipped to navigate changes in your industry.

Continuous learning extends beyond formal education and includes staying updated on industry trends, attending workshops, participating in webinars, and engaging with professional development opportunities. It’s a proactive approach to acquiring new skills, deepening existing knowledge, and staying ahead in an ever-changing job market.

Embracing a mindset of continuous learning positions you as a dynamic professional, capable of evolving with the demands of your field. It also demonstrates to employers that you are committed to staying relevant and contributing meaningfully to your organization.

Exploring Diverse Opportunities

Consider exploring unconventional career paths. Embrace diversity in your choices, allowing for a broader range of possibilities. Sometimes, the most fulfilling careers are found outside the traditional norms.

A. Considering Unconventional Career Paths

Traditionally, career paths were often seen as linear progressions within established industries. However, the contemporary job market encourages individuals to consider unconventional career paths that may not follow the traditional norms.

Considering unconventional career paths involves thinking creatively about how your skills and passions can be applied in non-traditional settings. This might include entrepreneurship, freelancing, or exploring industries that may not be directly related to your initial field of study.

Unconventional career paths can offer unique opportunities for innovation, personal growth, and fulfillment. They allow individuals to break away from conventional constraints and chart a course that aligns more closely with their individual aspirations and values. Embracing an unconventional path requires a willingness to take calculated risks, resilience, and a spirit of exploration.

B. Benefits of Embracing Diversity in Career Choices

Embracing diversity in career choices is not only a reflection of societal inclusivity but also a strategic move for personal and professional enrichment. Diverse career choices contribute to a more well-rounded skill set, diverse perspectives, and increased adaptability.

Individuals who explore a variety of career paths gain a breadth of experience that can be advantageous in various situations. Exposure to different industries, work cultures, and job roles enhances problem-solving abilities and fosters creativity. It also promotes adaptability, making individuals more resilient in the face of changing career landscapes.

Moreover, embracing diversity in career choices contributes to personal fulfillment. It allows individuals to pursue passions, explore interests, and find meaning in their professional lives. By breaking away from conventional norms, one can create a career journey that aligns with their unique strengths and values.

Balancing Passion and Practicality

Finding a balance between passion and practicality is key. While pursuing your interests is essential, it’s equally crucial to consider financial stability. Strive for a career that aligns with your passion while providing the necessary resources for a comfortable life.

Adaptability in the Job Market

The job market is dynamic, and adaptability is a valuable skill. Stay informed about industry changes and be prepared to pivot when necessary. Adaptability ensures you remain resilient and relevant in the face of evolving professional landscapes.

Embracing Challenges

Challenges are inevitable in any career. Embrace them as opportunities for growth and development. Overcoming obstacles builds resilience and determination, essential qualities for long-term success.

Work-Life Integration

Maintaining a healthy work-life balance is crucial for overall well-being. Consider how your career choices align with your personal life goals. Strive for integration, where your career complements and enhances your life rather than overshadowing it.

Decision-Making Strategies

Effective decision-making is a skill that can be honed. Utilize strategies such as weighing pros and cons, seeking advice from mentors, and considering long-term implications. Overcoming common decision-making challenges ensures you make choices aligned with your values and goals.

Conclusion

In conclusion, the key to a successful and fulfilling career lies in a thoughtful blend of education, continuous learning, and the courage to explore diverse and unconventional paths. By understanding industry trends, assessing skills, and building a strong network, individuals can navigate their professional journeys with resilience and adaptability.

Remember, a commitment to lifelong learning, an openness to unconventional opportunities, and a celebration of diverse career choices are the cornerstones of a dynamic and rewarding career. In a world of ever-evolving possibilities, embracing change and diversity ensures not just professional success, but a journey marked by personal growth and satisfaction.

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Sponsorship Jobs in Canada – Top 10 to 15 List of Wow Jobs Alerts

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Canada Jobs are not easy to get from some people’s view but this page made it very easy and smooth for you to get best top 10 – 15 list of Sponsorship Jobs in Canada – Wow free Jobs Alerts. (more…)

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How To Move To Canada As A Skilled Worker

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However, on this particular page we are going to learn more about a Skilled Worker,ย and also the best way to move to any country of your choice. But the main place we are learning today is how you to move to Canada as a Skilled Worker.ย  (more…)

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