NAIROBI, Kenya April 12 – Electronics payments firm Pesapal has announced the commercial rollout of Openfloat, a consolidated software solution that will allow businesses to manage expense payments across multiple channels, recipients, and currencies in Kenya.
The solution will offer Pesapal merchants faster settlement in payments as they will now be able to access a single-digit account to manage salaries, supplier payments, travel expenses, and other bills.
Open float users will also be able to disburse payments via pay bills, tills, mobile numbers, and bank transfers, all from the same account.
This allows approved business managers to customize expense processes with automatic payments, recurring transactions, and alerts for unusual activity.
The rollout of the solution follows extensive market testing by Pesapal with Kenyan merchants in retail, hospitality, and transport.
The tests revealed that the businesses could reduce by half the amount of time taken each month to process their expense payments.
“Paper-based expense processes are a minefield for errors and fraud. With Openfloat, businesses can track their spending 24/7 and remotely if they want to. Our design ethos on this, and all our products, is simplicity, accessibility, and affordability,” said Agosta Liko, Pesapal Chief Executive Officer.
Openfloat’s capacity for real-time visibility and cash flow control have proved popular with its automation driving for greater productivity among managers and staff.
Pesapal has identified that failure to automate is a massive brake on productivity in Africa.
“We don’t see why any business in Africa should be excluded from improving productivity through better decision-making and automation. We believe Openfloat is a game-changer for African businesses and are excited to include it in our suite of business tools,” Liko added.
