Be unstoppable! How Otieno helped neighbor Maina pay rent at midnight

Knock! Knock! “Otieno… Otieno… I know you are awake!”

Knock! Knock! I was shocked that someone was knocking on my Mercedes’ door. “Maybe it’s a phone thief…. I thought to myself” …but it persisted “Oti bana, wake up… its an emergency”

That’s when I slipped in to semi-consciousness.

Upon realizing it was a dream, I tried to get back to sleep. “Mercedes… please come back to me!” I said in desperation, but sleep had betrayed me. Maina, my neighbor, persistently knocked on the door to which I responded “I’m coming… relax”. At the back of my mind, I was reluctant to answer the door but on many an occasion, Maina had saved my life, so it was only fair that I went to find out what the problem was.

“Sema Maich… what’s going on? How can I be of assistance?” I said in a polite voice without a hint of anger from someone who had just been interrupted from driving his dream car. “Remember that job I had been telling you about? I applied and they called me for the interview. Tomorrow is the big day” he said in an excitement that had a tone of concern.

Assuming that he wanted tips, I interrupted and said “You know what, just be confident. Read their financial reports…. Take two showers and don’t shower with your usual bar soap……..”

“It’s not that…..” he interrupted. In the midst of the excitement of preparing for his big interview Maina had forgotten to pay his rent which was past due. He even said the infamous quote that has made many a bar owner skeptical “I don’t have money on my phone right now. Can you pay for me?”. Imagine losing your dream car and now almost giving the same person who ruined it your money.

“The landlord has sent me a nasty text threatening to lock the house in the afternoon. Would you have some money on your phone that I can use to pay the rent? I will give you the cash tomorrow after I get to the bank”.

Without hesitating, I got my phone and launched my Standard Chartered mobile banking app. Always handy! In a matter of seconds we were paying the rent through the landlords Paybill number as we spoke about the interview and how I’ll probably have a Mercedes dream again. We spoke about how it is now easier than ever to access our cash from the bank account especially when we have unexpected emergencies and social distancing. I even convinced him to try out mobile banking. This is something that was unheard of years ago.

“Thanks for helping me sort that out. I am downloading and registering the app tomorrow morning after my interview” Maina said as he went back home an optimistic man who knew that he won’t have to bother his neighbor again if he wants some money ASAP.

Open your account now – https://www.sc.com/ke/open-account/

When your petty cash department has to work from home: Tips and tricks to stay safe

When most of us think of the petty-cash department, we tend to think of straight-faced persons seated behind a desk in an office, dealing with piles of paperwork and always counting money. A petty cash accountant working from home without face-to-face meetings or paper exchanges hasn’t seemed possible …until now. Times have quickly changed.

Because of this hiatus occasioned by the uncertain times that we’re going through, doing petty cash accounting by working remotely has been made possible by technology. A lot of businesses are still nervous about it and that’s natural because they might not know how to go about it. However, all that’s needed to be known is what tools can make this work paperless and away from the office.

Here are some hacks.

Face to face meetings
Most interactions with these accountants tend to be impromptu rather than scheduled. There’s no difference in a remote setting other than using phone calls or video conferencing tools. No need for a conference room! It’s just as easy to have impromptu meetings using Zapier as it would be in any office. You could also set up a Zoom meeting and share the link in your Slack channel and you can have that same sort of spur of the moment meetings, as long as all the participants are online at the same time.

Work
The accounting aspects of working remotely for petty cash accountants are not much different from working in an office. There are still weekly meetings, collaborations, month-end reports and payment approvals.

There are a lot of cloud-based apps but we’ve found an innovative way to manage petty cash payments provided by Standard Chartered Bank through their award-winning platform called Straight2Bank

Straight2Bank and Petty cash

The platform is an online banking platform designed for all your business transactional needs. At the moment, we are advised to stay away from physical cash (coins and notes) and naturally, we’re embracing alternative means to do banking.

To make the petty cash disbursements, all you have to do is list all the mobile numbers and amounts to be paid on an excel sheet template. Load this on Straight2ankB and click pay. For added security the payment goes through your organisation’s internal approvers.

Working remotely may seem like a foreign concept in the petty cash accounting world, but when you’re set up with the right applications, it’s totally achievable!

To learn more, visit https://www.sc.com/ke/business-channels/straight2bank/

Bulk Payments Standard Chartered Bank
Bulk Payments Standard Chartered Bank