Saturday, January 16, 2021
  • About Us
  • Letter to the Editor
  • Data Usage Policy
  • Contact Us
MetroNews NG
  • Metro
  • Lagos
    • Opinion
    • Interview
    • Weird
  • World
  • Business
  • Sports
  • Nollywood
  • Odawood
  • Lifestyle
    • Careers
    • Education
    • Health
  • MetronewsNG TV
No Result
View All Result
MetroNews NG
No Result
View All Result
Home Business

MyStocKIT: Heritage Bank launches MSME app for ease of doing business

metronews by metronews
May 2, 2017
in Business
0
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

In line with its commitment to ensure swift expansion of the micro small medium enterprises (MSME) market segment, Heritage Bank has introduced MyStocKIT, an android hand-held solution that enables clients to track stock movements, maintain dynamic stock levels and address fundamental accounting/book keeping management requirements of the business.
Heritage Bank becomes the lead bank to launch this solution driven application that caters to single and multi-stores integrating all aspects of the retail business, which provide leeway for users of the product to keep stock of inventory.
Fela Ibidapo, the Group Head, Corporate Communications, stated that it was part of the Heritage Bank’s mandate to ensure rapid growth of the bank’s client footprint and overall wallet share.
He explained that MyStocKIT would provide an automated/innovative response to peculiar challenges identified with various retail outlets and collections platform with its preferred ability to integrate exclusively with the bank’s payment systems.
According to him, the product will reduce reliance on paper ledger stock management practices with associated risks, promote positive merchant brand perception serve as a vehicle for market/ business expansion and track all card and cash payments in store.
“The application to be deployed will assist identified and prospective clients in addressing the following key challenges currently being experienced amongst others: cumbersome daily operations due to manual documentation of orders, poor turnaround time in customer service delivery, inaccuracy in stock/ inventory management, inadequate performance reporting across sales points/ stores and remote performance tracking,” he explained.
Ibidapo further explained that the product is available only for Android devices (Phones and Tablets), while to access the application, the user will be required to go to Play store, search for MystocKIT app and download and install.
The bank’s spokesperson, however disclosed that the target market for MyStocKIT include but was not limited to restaurants, corner stores, boutiques, salons, bars & lounges, as the clients would be offered low license and support fees plus price discount for the first 100 customers and free POS or mPos terminal with each licence.

Previous Post

Man impersonates police in Oshodi

Next Post

Africa Fashion Week Nigeria Pulls Record Breaking Model Casting Call

Related Posts

FCMB joins Open Banking Nigeria As It Reinforces Commitment To Innovation, Customer Satisfaction
Business

FCMB joins Open Banking Nigeria As It Reinforces Commitment To Innovation, Customer Satisfaction

January 16, 2021
COVID-19:Billionaire Bolu Akin Olugbade Is Dead
Breaking

COVID-19:Billionaire Bolu Akin Olugbade Is Dead

January 13, 2021
Leaked Document Reveals Plans By Minister of Finance To Pay Ned Nwoko, Others Billions Of Naira For 10 Years From Allocations To States, Local Governments
Business

Leaked Document Reveals Plans By Minister of Finance To Pay Ned Nwoko, Others Billions Of Naira For 10 Years From Allocations To States, Local Governments

January 6, 2021
Next Post

Africa Fashion Week Nigeria Pulls Record Breaking Model Casting Call

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

BROWSE BY CATEGORIES

  • #SmartLagos
  • Basketball
  • Beauty
  • Boxing
  • Breaking
  • Business
  • Careers
  • Crime
  • Education
  • Entertainment
  • Event
  • Fashion
  • Featured
  • Football
  • Gaming
  • Gist
  • Golf
  • Health
  • Inspirational Patience
  • Interview
  • Investigative
  • Lifestyle
  • local
  • MetroMan
  • MetroPerson
  • metroplus
  • MetroProfile
  • Movies
  • Music
  • MUSIC
  • New Music
  • News
  • Nollywood
  • Novels
  • Odawood
  • Opinion
  • Parenting
  • Photos
  • Politics
  • Press Release
  • Relationship
  • Religion
  • Scandal
  • Sex
  • Society
  • Sports
  • Technology
  • Travel
  • TV
  • Uncategorized
  • Videos
  • Weird
  • Wheels
  • World

BROWSE BY TOPICS

#COVID19Nigeria #EndSARS Adams Oshiomhole Akinwunmi Ambode APC ASUU Atiku Abubakar Big brother Naija 2020 boko haram Buhari Bukola Saraki CBN court COVID-19 davido Donald Trump Edo Election Edo state Edo State Election efcc Federal Government FG Godwin Obaseki Goodluck Jonathan IGP INEC ize iyamu Kayode Fayemi Lagos Lagos State Lai Mohammed Muhammadu Buhari NCDC Nigeria NYSC Obaseki Olusegun Obasanjo PDP police President Buhari President Muhammadu Buhari Sanwo Olu tinubu wike Yemi Osinbajo

Recent News

  • 2023: Southeast Best Region To Produce Next President – Igbo Group
  • Fuel Subsidy Returns As Open Market Price Of Petrol Hits ₦183 Per Litre
  • We Have Weakened Boko Haram – Defence Headquaters
  • About Us
  • Letter to the Editor
  • Data Usage Policy
  • Contact Us

© Copyright MetroNews NG 2020. All rights reserved.

No Result
View All Result
  • Metro
  • Lagos
    • Opinion
    • Interview
    • Weird
  • World
  • Business
  • Sports
  • Nollywood
  • Odawood
  • Lifestyle
    • Careers
    • Education
    • Health
  • MetronewsNG TV

© Copyright MetroNews NG 2020. All rights reserved.