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Paper title THE POWER OF POINT OF SALE: IMPROVING GROWTH, PROFIT AND ENHANCING GOVERNMENT REVENUE COLLECTION.
Paper author NWAGUIYI JEREMIAH T.
Author Email [email protected]
Abstract
For many countries, creating a captivating revenue and tax collection experience is the key to
success, and finding the right technologies to enable that experience is crucial for sustaining
a competitive advantage. This project is a case study designed to evaluate and select a point of
sale (POS) system and revenue management system for government internally generated
revenue based upon its specific needs. This study creates a three step framework leading up to
the real world implementation of these system and uses BIZI mobile cashless consultant LTD.
Company as the subject of the study. Bizi mobile cashless consultants LTD is a financial
institute that is registered under the incorporated laws of the Federal republic of Nigeria,
which specializes in the development of strategic communication materials and behavioral
change concepts for financial policies throughout Nigeria. The Study looks at specific
challenges facing Nigerian Government and creates a roadmap for POS and revenue
implementation that can be generated for Government. The framework for the implementation
includes (1) initial research and current process analysis (2) new system evaluation and
process comparison.. Upon completion, the study recommended that government should: 1.
Maintain a database of all revenue collection, including price, unit location, number.2.
Facilitate a more efficient checkout method that eliminates handwriting receipt and digitally
records all revenue collected within the system and communicate with the revenue management
system to allow for real-time revenue update upon completion of POS transaction. 3. Run a
variety of report on the collected data so that government has greater accuracy and success
when making budget.
Keywords: POS, Management system, Government, Profit, Growth
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