Pan-African ICT Company, CWG Plc believes the successful development and sustainability of Small and Medium Enterprises remains one of her priorities as a company with a vision to enable growth.
Thus, it developed a solution tagged SMERP, which is a cloud-based ERP solution that fits into any business across different verticals.
According to Omodolapo Orogbemi, SMERP’s Product Manager, the platform supports the survival and standardization of the SME sector through different modules such as Invoicing, Accounting, Inventory, CRM, Point of Sale, Rewards and Loyalty Programs. These benefits to business owners ensure business expansion and transforming one-time customers to regulars.
SMERP’s inventory management is the backbone for any business to thrive as it takes account of all products and services on a dashboard. It has also made businesses gone beyond the manual process of counting stocks when the solution can easily notify business owners if they are running low on stock. SMERP also offers an Accounting module where all day to day transactions are captured with a value add of automated tax calculation. This attempt at record-keeping presents opportunities to business owners to seek funding from financial institutions to expand their business portfolio because an adequate financial record is available upon request.
SMERP is here to provide a competitive advantage over other businesses that are not able to scale their business during these delicate times. The Federal Government has created a 50 Billion Naira credit facility for affected SMEs. Through the support of an ERP like SMERP to reflect business activities, such facilities are accessible.
“SMERP has been packed to allow SMEs to run their business from the comfort of their homes through different business modules,” he assured.
SMEs account for the majority of businesses worldwide and are important contributors to job creation and global economic development. They represent about 90 percent of businesses and more than 50 percent of employment worldwide.
The World Bank Group estimated that formal SMEs contribute up to 40 percent of national income (GDP) in emerging economies. In emerging markets like Nigeria, most formal jobs are generated by SMEs, which create 7 out of 10 jobs. Hence, SME development is a high priority for the government.