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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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