NairaPost™ provides rich functionality that supports the processing of credit and debit transactions across multiple bank accounts. At its heart lies the NairaPost™ processor which integrates with multiple switching platforms and banking networks to provide a robust and secure transaction processing platform.

 
Many corporations rely on NairaPost™ to handle all their transactions. Our software service supports a wide variety of payment scenarios that greatly improves your efficiency, automates many laborious administrative processes, as well as eliminates errors.

  Employee Payments

When you remit employee payments, it can be an administrative nightmare. There are pension contributions, housing funds, union fees and the salary itself to pay, as well as supporting documentation to prepare and submit. NairaPost™ can automate these processes, dramatically reducing the resources you need to allocate to administration and thereby enabling you to improve efficiency and reduce costs.

•    Make all of your employee salary payments directly to your employees bank accounts,

wherever these are located.

•    Automate the payment of pension contributions and the submission of accompanying schedules to the respective pension fund administrators or custodians.

•    Facilitate PAYE tax payment and schedule remittance to the various boards of internal

revenue.

•    Efficiently transact all of your National Health Insurance contributions and submit all of the accompanying health insurance schedules to the applicable health management organizations.

•    Remit payments or contributions to the National Housing Fund and submit the

accompanying schedules to the relevant mortgage institutions with the click of a mouse.

•    Effortlessly make contributions to cooperatives, union accounts and such similar employee deductions.

Vendor Payments

Never miss a payment with the NairaPost™ system. It generates reminders and can handle batch payments to ensure your company never falls behind.

•    You can direct payments to various beneficiary accounts, whether these are located in

the same or different banks.

•    Transactions can be processed singly or in batches.

•    The software enables you to make both one-to-one and one-to-many transactions.

•    Remit secure payments of your utility bills such as DSTV or PHCN.

•    Receive e-mail and /or SMS notifications that transactions have been successfully

completed.

•    Generate e-mail and /or SMS notifications to remind authorized staff to make remittances

as agreed payment dates draw near.

•    You can fully automate the payment of federal or state levies and taxes including but not

limited to:

 

 Corporate income tax, Value added tax and Withholding tax.

 Information and Control

NairaPost™ provides you with the business tools you need to support the day-to-day processing of your payments, enables you to have real time reporting on your account information, as well as powerful reporting and analytics to ensure you always make the right decisions. In addition, NairaPost™ allows you to monitor your transactions effectively through a combination of process and technology-based features which include:

•       Fast and responsive balance enquiries.
 

•       Simplified account aggregation.

•       An easy to use expenditure dashboard.

•       Automated standing orders.
 

•       On demand bank statements and facilitated reconciliations.

•       Notifications and reminders by SMS or e-mail.