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 in Accra, Ghana, 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 Outdated payment systems slowed transactions, frustrating customers and causing lost sales, while unclear finances hindered expansion plans.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.