Line set to launch cutting-edge retail management solution for SMEs (Lagos, Nigeria. Friday, August 16, 2019)
3Line Card Management, an innovative fintech company is set to launch an integrated retail management payment solution, Visum to the Nigerian market.
The innovative payment solution is a retail management platform targeted at Small and Medium Enterprises (SMEs ) for effective management of their businesses.
The platform , according to a statement made available to DAILYFOCUS NEWS ONLINE,weekend comes with an integrated payment, inventory, accounting, customer loyalty and transaction reconcillation engine.
Visum was designed to support SMEs business operations. It is a combination of a robust backendretail system and front end POS applications embodied with features that allow merchants to get paid,monitor sales, operations and also the automation of their back office functions.
Visum provides a 360 degrees view of the business. The platform seeks to address the challenges of the retail sector which have been identified as cash management and management of multiple payment modes, sales monitoring and tracking, inventory monitoring, account reconciliation, customer experience and loyalty.
Speaking on the product, Innovation and Product Design Manager, 3Line, Kola Omirin said that Visum was a response to market needs and to encourage the use of technology to drive the retailbusiness.
He said: “We saw a need for a seamless secure electronic payment platform that serves the uniqueneeds of SMEs, financial institutions, organizations, government institutions, and the likes at variouspoints of business interaction.
“We also recognised the need to address the issue of low rate and usageof POS terminals. In response to these needs, we developed this disruptive business solution that provides a robust, cost-effective, secure and reliable 360 view payment solutions for businesses.
He said : ”Visum seeks to encourage individuals particularly merchants to utilize POS devices for activitiesother than making payments. Also, to enable easy hassle-free shopping experience for retailers andcustomers.
“The platform will provide disruptive mobile point of sale technology that will deliver fastand secured online payment services.
Kola further explained that Visum holds huge benefits for SMEs, financial institutions, other organisationswho need to track sales and performance.
“These benefits include; a 360-degree view of the business,automated business processes, insights on sales activities, online real reporting, record keeping, bankpayment transaction reconciliation, access to bank loans, improved customer experience amongstothers.Visum was exhibited at the DigitalPay Expo Conference 2019.
