Small businesses in Africa often suffer huge set backs by lack of the needed finances to efficiently run their small enterprises. Having a system that manages the business such as accounts, payroll, and business transactions is not always possible due to its high cost. However, a new application through OpenWorld run by Geoffrey Kamau could help change this. This new application built upon open source software can help small businesses in Africa become more efficient in an affordable way. OpenWorld allows small businesses to move away from paper usage in their businesses, such as book keeping and payroll management. Utilizing the platform known as OpenBusiness that runs on the cloud, small businesses can subscribe monthly through a small fee, of around $7.50 USD, enabling them to manage employees, payroll, accounts, online sales, tax and point of sales through the platform. Before, this could cost up to several thousand dollars, but now small businesses can pay monthly at a low price to access the same software and manage their business. This will also allow small businesses to run consumer royalty schemes that were only available through big retailers like Uchumi, Naivas, and etc that charged small businesses more than they can afford. For example now, barbershops no longer have to keep track of customers’ visits through a handwritten notebook, but through the automated OpenBusiness. This allows small businesses in Africa to become more efficient and encourages formalization of the informal economy. This new tool was revealed at the AITEC East Africa ICT Summit in Kenya this month, hopefully utilization of the tool would be widespread soon. Optimistically, with this new ICT that is both affordable and easy to use, small businesses can become more efficient and expand, helping the developing economies in Africa.
2 November 2012
Small Business Reap From Kenya’s ICT Innovations
This entry was posted on Friday, November 2nd, 2012 at 9:45 pm and tagged with Africa, Business&Industry, ICT, Kenya, open source and posted in Business & Economy, Technology Tools. You can follow any responses to this entry through the RSS 2.0 feed.
3 responses to “Small Business Reap From Kenya’s ICT Innovations”
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