THE CURRENT ACCOUNT MANAGER – INTEREST AND COT TRACKER SOFTWARE

  We hereby introduce our Forensic Accounting Software – Current Account Manager – that tracks interest on Overdraft facilities and COT (commission on turnover) usually charged by banks as Bank Charges.
Current Account Manager would save your organization millions of Naira as it would enable you keep perpetual eye on the twin factors (interest and COT) that sustain rapid overdraft growth.

The overall objective of Current Account Manager is to reduce interest, reduce COT and lessen the burden of overdraft on fund users.

The software has the capacity to determine interest and COT according to Central Bank of Nigeria Guideline as laid out from time to time on CBN Bankers Tariff.

At any point interest or COT is encountered on your Bank Statement, Current Account Manager would determine the applicable rate and check for rate consistency. In this way you are immediately alerted whenever different rate is applied on interest or COT calculation.

At specified period, Current Account Manager carries out interest and COT sensitivity analysis. That is, it would calculate interest and COT, compare them to that of the Bank, determine excess (if any), determine the cause of the excess by investigating rates and the various amounts the rates were applied on and produce detail report.

With Current Account Manager, you can indeed tell your Banker what your interest and COT should be. This is what Bank Reconciliation truly means!