Here's explanation about how Moniebook works, the benefits of the POS system, and how to use it for business purposes in Nigeria.
How Moniebook Works Explained
Moniebook is a much-anticipated all-in-one POS system built on Moniepoint's payment infrastructure to go beyond mere payments. It integrates payment processing, inventory tracking, analytics, reporting, discounts, and lending into one unified solution. However, despite the fact that some merchants and business organizations like toll gates have been using it to manage their businesses, Moniepoint has explicitly made it cleared that Moniebook has not yet launched but is still in active development. Moniebook automates the reconciliation of sales and inventory—something most current POS systems in Nigeria don’t do. With a single tap, merchants can process a sale and have inventory counts updated instantly. The POS system uses cloud-base storage to store business financial activities securely, and as a horizontal SaaS—unlike niche sector-focused alternatives—Moniebook is designated for variety of small and mid-sized businesses (SMEs). During its beta phase, more than 4,000 businesses use…
About the author
Temmy is the founder of Budgetrend. He is a seasoned journalist with extensive experience in business of technology, economy, finance, business, money, politics and education. He is currently studying Accounting at the Federal University of Oye-Ekit…
