Introduction --
This company was established in 2007. and a licensee with the forty’s name and development right was purchased in 2008. with their location at Surulere, Lagos state. Since 2010 the business has experienced growth with more locations spreed across Lagos. They’ve been able to achieve their business goal by expanding the bar, and building Club and Hotel. They aim to provide quality environment where customers can drink accompanied by good food and a lively ambiance.
About the company --
Company is a luxury bar & lounge that’s known for it great services, comfortable environment with lots of bright lights and security. customers satisfaction has always been one of their core values which they have exceeded on over the years.
Client’s needed a software application that will suit and help the organization integrate their information flow, business process, reduce cycle time, enable faster information transaction, better financial management and an avenue for a single compact source that simultaneously connects the bar and kitchen to make sure everyone is on the same page. They needed to achieve their goal with a single database that collects and stores data in real time.
Oyasync POS system saves clients money by reducing mistakes, improving productivity and providing a running analysis of how the bar can increase profit. And with Oyasync, the company was able to achieve massive business growth and improve record keeping.
Industry:
Hospitality
Buyer Persona:
Everyone
Author:
Monye Racheal
Due Date:
8th September
Challenges
The company’s expansion and growth made the company in need of an ERP system that could help them curb some of their challenges as follows:
- Sales Management: Every business aim is to continue key operations with fewer resources and to achieve that sales needed to be managed properly.
- Inventory management: Inventory is one of the core areas of business, and every business person is intentional about what comes into the store and what goes to the finished goods. Which helps the business check mate customers preferred product and to make sure they are always stocked.
- Reporting: Analytical reporting gives business owners more insight about their profit or losses,areas to reduce complexity and also areas the business needs to improve on. Oyasync was able to simplify this process by giving a comparative report on profit after expenses.
Marketing Integration:Marketing integration are driven by strategy that guides creative development which ensures that business goals are defined. Oyasync was able to notify clients on seasons to carry out promotions and events
Why company chose OyaSync
In 2019, Mr Kunle of Forty’s group saw a demonstration of the Oyasync ERP and was so impressed on how his business process were made easy, and the fact that Oyasync is made customizable to fit any operation made him adopt Oyasync in all forty’s group locations. Some amazing features like Sales analytic, sales invoice, dashboards, customizable reports and purchasing were the exact tools forty’s needed to kick start his business. “When you are dealing with an ERP system the easier it is to use the better. And yet Oyasync is amazingly powerful” he said.
The Benefit- With forty’s high-volume transactions of cash and credit cards tracking of sales has been made easy.
- They now have access to back-end analytic reports, helping them create targeted marketing offers and finding new ways to engage their customers.
- Monitoring employee performance, providing excellent customer service, and maintaining accurate inventory made it easy for the bar to run smoothly and profitably.
- Anti-theft control was an avenue to keep an audit trail on everything that happens in the business.
- The adaption of the cloud-based operation made it possible for management to check in with the bar from anywhere in the world. Monitor sales, manage costs, and make data-driven decision
The Results
The proper management of sales has yielded increase for the company. Sales are what technically brings the company revenue, with the effectiveness of sales management the company has been set out for long-term survival where by productivity and profit has grown over months. The graph below shows increment of sales from February to June 2022.
Sales analytical trends has generated lots of reports, like! Customers acquisition reports, sales analytical report, stock report and profit and loss report. Which has aided management in decision making.The graph below shows sales trends
