Project overview
iRecplus is a next-generation business management platform designed to meet the unique needs of tech and gadget retailers. It unifies critical business functions, from inventory and sales to expenses and reporting into a single, intuitive system. The platform's core mission is to replace scattered spreadsheets and manual processes with a streamlined, automated solution that empowers business owners to focus on growth.
Client challenges & requirements
Before iRecplus, clients in the tech retail space faced several critical challenges that hampered efficiency and growth
- Fragmented Operations: Businesses often relied on separate systems for managing inventory, recording sales, and tracking expenses. This led to fragmented data, a lack of real-time insights, and a complex operational environment.
- Inaccurate Inventory: Manual stock counts and slow updates resulted in inventory inaccuracies. This led to lost sales from out-of-stock items and financial losses from excess stock.
- Limited Scalability: Managing multiple store locations was cumbersome. There was no single source of truth for all branches, making it difficult to monitor performance and manage stock transfers centrally.
- Lack of Actionable Data: Business owners were unable to get a clear, instant view of their performance. They needed real-time analytics to make quick, informed decisions on pricing, top-selling products, and profitability.
- Manual Accounting: The tedious process of manually tracking every sale, expense, and transaction was time-consuming, prone to error, and a major drain on resources.
Project solution
iRecPlus was designed as a single, unified solution to address these challenges. We developed a comprehensive platform that is both powerful in its features and simple in its design, accessible on both web and mobile devices.
- Integrated Inventory & POS: The system connects inventory management directly to the Point of Sale. When a product is sold, the stock count is automatically updated across all relevant branches, providing real-time accuracy.
- Multi-Branch Management: A core feature was the ability to manage multiple business branches from one central dashboard. This allows a business owner to easily switch between branches, view individual performance metrics, and handle stock transfers with a few clicks.
- Smart Accounting & Expense Management: The platform includes an integrated expense tracker and an automated system for sales reconciliation. Every transaction is logged, categorized, and reconciled automatically, giving a clear financial overview.
- Automated Notifications: The app provides customized alerts for low stock, sales milestones, and other key events. This proactive system eliminates the need for manual checks and ensures the business owner is always informed
- Customized Business Solutions: The modular design allows for future customization, such as loyalty programs or customer relationship management (CRM) tools, making it a flexible platform that can grow with the business.
Result and impacts
Over 1M Transactions and 7 Billion naira in sales on the iRecplus app. The launch of iRecPlus has transformed the way tech and gadget retailers operate. By consolidating all business functions into a single, intuitive platform, clients have experienced a significant improvement in efficiency, profitability, and peace of mind.
- Enhanced Efficiency: The automation of sales, inventory, and accounting processes has reduced manual workload by over 70%, freeing up valuable time for business owners to focus on strategic growth.
-
Increased Revenue: Accurate, real-time stock management has minimized out-of-stock situations, leading to an estimated 15-20% increase in potential sales.
- Better Decision-Making: The real-time analytics and reporting dashboard provide immediate access to key metrics, enabling data-driven decisions on a daily basis
- Seamless Scalability: The multi-branch feature has allowed businesses to confidently expand their operations, secure in the knowledge that all their locations are managed efficiently from one place.
