Financial Software ‘ll Tackle Growth Challenges, Says CWG

FINANCIAL technology instruments have the potentials to drive the growth of business and meet the challenges of a growing business, the founder and chief executive officer, CWG Plc., Mr. Austin Okere has said.

According to him, when a small business grows, it adds locations from where to serve customers adding that with operations in multiple locations, the small business has difficulty keeping track of inventory, sales and cash from the different locations.

But with technology, business can over these challenges noting that larger organisations, especially those with affiliation to global multinational organisations, already know how to overcome many of these challenges using technology.

He disclosed that they invest heavily in hardware, communication networks, linking their locations together, and various software, typically for accounting, sales, operations and people management.

He urged business to invest in people with the requisite skills in technology and business to keep these all working seamlessly together and delivering value.
He stated that the introduction of FinEdge software for microfinance was designed to help microfinance growth and sustain their business saying it is now available on a monthly subscription basis through a partnership with MTN.

Okere observed that business systems cost a lot of money, typically beyond the reach of many SMEs saying that additional funding from banks and other financial institutions are needed to sustain the growth.

He said that for 20 years, CWG has built a 20 billion naira business helping large organisation rollout these systems and keep them running stressing that banks, Telcos, manufacturing, consulting and other such organisations have benefited from CWG’s service which quickly earned her the nickname - the technology of business.

He said further that in these years, CWG has built a name for herself in the quality of service it offers and the spirit of never leaving the customer stranded.

According to him, CWG launched the CWG 2.0 initiative to bring the same tools large organisations use to drive their operations and growth to the smaller businesses and SMEs, who do not have the kind of budget that the large organisations boast of.

He described the CWG 2.0 as a democratising access to technology for business growth that enables smaller companies and SMEs to utilize these toolsto drive economic revolution saying that there are 17.6 million micro, small and medium enterprises in Nigeria compared to the roughly 200 companies listed on the stock exchange.
Okere revealed that the openshopen.ng eCommerce platform that allows anyone to own and operate an online store with minimum fuss is now available adding that the CWG SMERP platform brings a complete business management solution to even one man businesses at the barest minimum cost.