CefasT

CefasT for Credit Unions
This is a parameterised variation of the main CefasT package (see below) especially for Irish Credit Unions. Among its many new features, it offers a daily cashiers’ interface, an integrated investment ledger and extensive transaction import facilities.

CefasT - Accounting from Pierse Technology
This product was developed originally in 1993 as a result of a demand from our users for a simple parameter driven accounting package for small businesses. It has since been redeveloped on a number of occasion and for the Windows environment.
It forms the core for our bespoke accounting solutions. The package is supplied set-up and tailored to the individual user. At the end of a financial year or month the accounting practice can import the client’s information and produce final accounts on a cost effective basis or the user can do it themselves using and Excel compatible templates.
The package has powerful capabilities such as;
- Accounts receivable ledgers
- Accounts payable ledgers
- Electronic payment support
- General ledger
- Bank reconciliation
- Vies and IntraStat reports
- Form 46G Returns
- Support for the three main Irish Vat retailer schemes
- and so on.
It is built around an open architecture and in general requires at least one user in an organisation to have a good skill level in Microsoft Excel in order to get the best from the system. The software itself is usually provided at no cost by us but implementation, training, special amendments and ongoing maintenance are charged.






























All in one account suite
specially designed for Irish credit unions.

Designed by a former Board of Director.

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FEATURES
Flexible General Ledger
Comprehensive Investment Management
Bank Reconciliation for all your accounts
Accounts Payable with EFT payment options
Cash Office interface for daily balancing
Trial Balance and a host of other Excel compatible reports
Comprehensive Reporting for Board and Management
Up to nine Branches catered for
Flexible parameter driven options

BENEFITS
Seamless integration with LOCUS data
Extensive Reporting and Exporting Facility
Easy to Understand and Use
Real Time Information
Full Traceability and Audit trails
Speed and Accuracy

Ultimate Cost Saving

STAFF MOTIVATION
No duplication or entering data twice
Less frustration due to data errors
Instant access to information
Intuitive interfaces

  • Tralee Credit Union
    Tralee Credit Union has used CefasT for 7 years. CefasT for Credit Unions enables the smooth running of both our cash office and our accounts department. The system is easy to use and understand. There is no time wasted on manual reconciliations or imports. The system allows us to produce management accounts with ease within a few days of month end. Having previously worked on a non integrated system, we cannot recommend CefasT highly enough.

    Katrina Rice, Assistant Manager

  • Ballincollig Credit Union
    Peter Pierce and his team have been responsible for the set up and administration of the CefasT Accounting system within Ballincollig Credit Union.
    All of our staff at Ballincollig Credit Union connected with CefasT Accounting package are delighted with the results, and the package has proved to be a very useful program for our credit union. It has saved Ballincollig Credit Union staff member’s hours of work each month. The automatic updating of information has vastly reduced the number of errors that occurred due to manual input. I feel this is all due to Peter and his team’s efforts with the design, and the constant updating of the package. Peter and his team have given Ballincollig Credit Union an excellent service and are always quick to respond to all of our queries. I would highly recommend the CefasT Accounting system to any other business.

    Sarah Kidney, Assistant Manager

  • Cana Credit Union
    Cana Credit Union Ltd have been using CefasT Management Accounts since December 2010. We find the system very easy to use and it saves us a huge amount of time in preparing the monthly Management Accounts. It integrates well with our core credit union system and all share and loan transactions are imported directly from the data base in a matter of minutes. Prior to switching to CefasT we used a mixture of manual records and an Excel accounts package which was very time consuming – we no longer have a need for these manual records as everything is done on CefasT. We recently started using the CefasT Investment module which is a great help in preparing the quarterly Prudential Return as the CefasT Investment Reports are presented in the same format as required by the Regulator. We would have no hesitation in recommending the CefasT accounts package to any other credit union.

    Adie Walsh, Manager




About PierseTec Limited

The business was first founded in 1978 and is owned by Peter and Margaret Pierse who are the Directors of the Company.
Peter Pierse, Managing Director, is a Chartered Accountant by profession but moved into computer programming over fifteen years ago. He has written three other internationally used computer applications dealing with taxation, accounting and production management. He sold his main business a couple of years ago and he now also does consulting work and bespoke programming.

He has been involved with the credit union movement as a volunteer for ten years.

Contact Details

Peter Pierse Managing Director
PierseTec Limited, ‘Glencullen’, Ballynahoulort, Tralee, Ireland
m: +353 (0)87 2571410
t: +353 (0)66 7121007
e: peter@piersetec.com




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