Tokoin’s Product
Coming Up Soon, the Long-Awaited Tokoin POS App
The super app, Tokoin’s very own POS (Point-of-Sale) app, is going to be released soon. Get a first look of the app features before it’s out!
Tokoin is using blockchain technology to accelerate the growth of the Micro, Small and Medium Enterprise (MSME) sector in Indonesia and other emerging markets in Southeast Asia. Indonesia is one of the world’s fastest-growing economies, all set to become the 4th largest economy in terms of GDP by PPP by 2030. The MSME sector here accounts for more than 50% of the GDP today, and provides 89% of all private sector employment. Unfortunately, even though they are such a crucial component of Indonesia’s economy, many of these MSMEs suffer from a lack of access to bank loans. Most of these enterprises are often simple family businesses run out of homes in rural areas. The people who operate them seldom have a legitimate credit history, which makes banks extremely reluctant to provide them with loans. Reports indicate that a staggering 70% of MSMEs suffer from this problem! In the absence of financial aid, many of these businesses have no choice but to wind up operations.
Tokoin is creating a blockchain-based digital platform, which will enable enterprises to upload their KYC data and create Digital Business Identities. Once the credentials of an enterprise are verified, all their financial transactions from that point onwards would get recorded on our immutable blockchain ledger. This transaction history would help establish reputation scores for these MSMEs, which would serve as a metric for banks to assess the risk of lending money to them. Other third party vendors, such as logistics and material suppliers, would also be able to access the financial data associated with the MSMEs and evaluate the ease of doing business.
Tokoin’s vision is to disrupt the current micro-lending ecosystem and create a level playing field for all business enterprises through the use of blockchain technology. As the next step towards achieving our vision, we are happy to announce that we are launching our PoS (Point of Sale) app for mobiles and tablets in the near future. Through this app, businesses will be able to easily manage their sales and inventory, increase their profits by analyzing customer trends, and a lot more. The good news is, this app will also have free features for MSMEs! Of course, with terms and conditions applied.
Our PoS app comes with an extremely user-friendly interface, and a host of features to help users build their business profiles and connect to service providers and customers. Once a customer places an order, the entire transaction record (from the point of point of order placement to the completion of payment) would be recorded on our blockchain platform through the PoS app. Managing financial data through our app is extremely easy and fraud-proof. Apart from end-to-end transaction tracking, the app would also enable business owners to list and categorize their products, manage inventory and employee details, provide discounts and loyalty points, create comprehensive sales reports, and offer customers the option to split bills with different payment methods.
Easily Customizable
Users can customize the app interface to their choice and convenience. This flexibility will allow them to highlight products which they think are likely to attract more customers and improve sales. They would also be able to add multiple payment methods, provide discounts and offers, and manage multiple stores through just one account.
Inventory Management
Tokoin PoS app provides effortless inventory management. Since all data is automatically recorded on the blockchain, there is no scope for human-made errors. Users can keep track of supplies, distribute items between different stores, plan purchases automatically, export records to suppliers, and track stock receipts from vendors. They can also customize the app to notify them in case a certain item count goes below their set threshold.
Employee Management
Not just their inventory, but business owners can also manage their employee records through the Tokoin PoS app. The app allows users to keep track of working hours of their employees, and use it for the purpose of payroll. Users can also categorize their employees based on different parameters, and monitor their performance by evaluating their sales records.
Sales Analysis
Our app comes with in-built tools to help businesses analyze their sales statistics. The tools can be used to identify buying trends and optimize inventory placement. Users can check their sales performance based on different parameters, such as store location, product type, payment type, and so on. By using these analytic tools, enterprises would be able to make their sales practices more efficient. This feature will be integrated with Tokoin’s Dashboard app.
Supporting Apps
Tokoin will soon launch other complimentary apps as part of the entire suite of our ecosystem applications. Next in line is the Dashboard app, which will enable users to instantly see the sales and inventory summary, anytime and anywhere. We also have the Kitchen Display System (KDS) and Customer Display System (CDS) apps, which are specially targeted towards restaurants. KDS will make orders placed on the PoS app instantly visible to the chef, while CDS will display the order list to the customer. And lastly, we have the BackOffice app, which will let business owners customize their POS system, see the complete version of sales report, and export it to their computer. An e-wallet is also in development currently.
Tokoin’s suite of mobile and tablet apps will not only assist MSMEs in their quest for financial aid, but will also provide them with the tools required to build a consumer base and take the fight to the big corporations. It’s an important achievement for us in our efforts to onboard 50,000 users by the end of 2019, and expand to other emerging markets beyond Indonesia.
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