Vodafone helped Fontus Water, a leading water solutions provider, to efficiently manage their cash collection with ease and transparency. Using a tailor-made M-Pesa solution, Vodafone made Fontus Water a Ready Business.
- Fontus Water had difficulty managing their daily collections which came in coins and cash from their water dispensing machines
- Irregular cash deposits to their bank led to account reconciliation issues. There were also cases of cash theft and looting
- At remote locations, supervisors had to travel miles to make bank deposits leading to high travel costs
- Water machine supervisors were registered on M-Pesa with enhanced monthly limits
- At their distant locations, M-Pesa distribution executives visited the machines every day and cashed in the amount for supervisors
- The money was transferred to the 10-digit code for Fontus Water. A portal helped track daily transactions and ensured timely cash deposits in the bank
- Coin and cash collections are now simpler and more transparent with chances of fraud, theft and misreporting eliminated
- They saved on travel costs as supervisors no longer need to travel far and wide
- Daily collections were deposited digitally and reflected on the portal, leading to easy account reconciliation
So, let's make you a Ready Business too.
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