CWG Plc Lists Why Small Businesses Fail
…As It Empowers with SME solution
CWG Plc has listed lack of improper accounting of records, unrealistic project, finance and effective managerial decisions as reasons small businesses fail.
The company also stressed that another reason SMEs don’t survive beyond the early stage of their business is due to inadequate funding to scale the business and this has become a default gap in the SME sector,while introducing its Enterprise Resource Planning Solution (SMERP) that runs on the cloud that would empower small and medium enterprises in Nigeria and offer them the required tools to manage their entire business.
Speaking on this solution, Product Manager for SMERP, Mr. Dolapo Orogbemi explained that with SMEs contributing massively to Nigeria’s economy and creating both direct and indirect jobs, SMERP was designed intentionally to help SMEs thrive.
“Since inception, it has been the number one goal for us here at CWG because we have always identified the potential for SMEs once they are provided with the right support. Thus, SMERP was designed to make available enabling tools for all SMEs across Africa at a relatively affordable price and to also make their business operations lean where they can save more resources to increase profitability”.
Dolapo harped that in support of SMEs, SMERP has provided an effective ERP tailored to the SME market, providing services such as Inventory Management, E-commerce platform, Accounting, Point of Sale and Customer Relationship Management tool.
He stated further that with the CWG’s SMERP solution, SMEs can take proper records of their day-to-day business transactions to present to financial institutions as proof of profitability and project business growth for them.
According to him, SMERP’s competitive edge is based on value to the SMEs where they can have access to a complete ERP solution at an affordable price, stressing that the solution enables each SME with special requirements to execute their business needs.
For more information on SMERP kindly visit www.smerp.ng to start a 14-days free trial.