Universal Bank chooses Noesis for payroll, providend fund

The Universal Bank, after evaluating competitive tenders, selected Logicom subsidiary Noesis, to provide and implement a payroll and provident fund system for the bank.

Noesis has undertaken to automatically convert the data of the old system. The project is already under implementation and the January payroll was expected to be processed with Noesis Payroll.

The Noesis Payroll system has now become the most widely used system in the financial sector, as it is already being used by the Hellenic Bank, Societe Generale, Alpha Bank, the Federal Bank of the Middle East and JCC, interfacing with a wide variety of general ledger systems. Other large organisations that use the Noesis Payroll system are the University of Cyprus, CyBC, PricewaterhouseCoopers, ERMES Group (Woolworth), KOA, Strovolos Municipality, Hadjikyriakos & Sons and Anastasios Stephanides.