Increased Sales by 30% and Reduced Bookkeeping Time by 50%

‍Industry: Retail

Headline: "Increased Sales by 30% and Reduced Bookkeeping Time by 50%"

Title: Streamlining Operations for a Local Retailer

Short Description: Kwame's Corner Store struggled with manual bookkeeping and slow payments. FYNANCE’s automation and services boosted sales and efficiency.

Detailed Description:

SME Intro: Kwame's Corner Store is a family-owned retail shop in Osu, Accra, Ghana, established in 2010 by Kwame Agyeman. With 15 employees, it offers groceries and household items, but faced financial management challenges common in Sub-Saharan Africa.

Problem: Manual bookkeeping was time-consuming and error-prone, taking hours weekly to reconcile. Outdated payment systems slowed transactions, frustrating customers and causing lost sales, while unclear finances hindered expansion plans.

Solution: FYNANCE’s AI accounting tools automated transaction recording, reducing bookkeeping time by 50%. Digital collections with payment links and QR codes sped up transactions. Bookkeeping services ensured accurate, compliant records, and improved financials helped secure loans.

• Automated bookkeeping saved hours weekly.
• Digital payments improved customer checkout speed.
• Expert services maintained financial accuracy for loan applications.

Outcome: Sales increased by 30% due to faster transactions and happier customers. Bookkeeping time dropped by 50%, freeing staff for service. Saved $500 monthly on bookkeeping, and secured financing for a second store.

• Sales up by 30%, bookkeeping time down by 50%.
• Monthly savings of $500, planned second location.

‍