The Revenue Collection App by Tracom provides a solution that allows automation of the income collection process. The application is scalable with a provision to include various modules depending on the needs of the user, making it versatile and multi-purpose. Examples are single business permits, market stall fees, parking fees, land rates, cess among others. The app eliminates manual collection and receipting methods, room for irregularities and inconsistency as well as the long and time-consuming queues at payment offices, making the whole process that much more organised.
Why Automate Revenue Collection?
Apart from being an efficient, fast and effective collection method, the automated revenue collection provides various other benefits and the user experiences a much more efficient and secure revenue management system where more is collected and accounted for at fewer costs.
- Accountability of funds collectedManual receipting always leaves room for errors and omissions which sometimes can cause loss of cash collected or miscalculation of balances.
- Cost cutting through electronic or issuing of printed and/or sms receipts Receipts sent via messaging and electronically generated non fiscal receipts are much more credible and lower in cost than the paper printed receipts issued in the past.
- Speedy transactions enabling business continuity for the residents Time saved from long queues gives resident’s time to continue with their other business engagements thereby enabling a higher economic growth.
- Easy access to payment options for businesses With this app, any business can pay from their area of operation without having to go to a centralised office which could be quite a distance from the business location.