![Apply for the FCMB payroll solution challenge for MSMEs Apply for the FCMB payroll solution challenge for MSMEs](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcW5s34pkLupl9SJpS6Sz9-Yqlq52NHHVkBg73RlfLL56VeUqYvwTHyVc3vWcWdCKKoqW1_o6F929Q_dM0wPXT650A1KbeT7ccBwpDt4pBHIaKRN8U3WijcgkAbvBCE8QB923kgWQWFTU/s640/Blog.jpg)
First City Monument Bank is seeking an innovative payroll solution for Nigerian Micro, Small and Medium Enterprises.
In Nigeria, MSMEs are known for poor record-keeping practices and inconvenient salary payment process, which isn't capable of managing the payment processing, complications of statutory deductions and pay-slip printing and archival.
This has made the assessment of funds by these MSMEs from bank financing & other government-led capital assistance programs which are critical for the growth of the businesses tough.
![Apply for the FCMB payroll solution challenge for MSMEs Apply for the FCMB payroll solution challenge for MSMEs](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRLJueVTCZ40veL2nsBMrGtxCLEfVasCi0D8Fxv8Kp5jnsIEc5nUyPRm7ezD3L1pqtCjhhDp16t0BStDZaC5WL8AM1ioBA1pF08KIjEcNcnubd5t1vHRZyzejVf2fOwHErvSV0egWnBdE/s400/Blog.jpg)
In recent times, most MSMEs have shown interest and readiness to comply with operational standards. For this purpose, FCMB has launched a challenge on Nigeria's top startup-corporate collaboration platform Collaborate.ng seeking an innovative payroll management solution for MSMEs.
This challenge is open to all registered businesses and startups in Nigeria that have developed a similar projects.
If you are interested in being part of this, you can apply here.