Techie develops a staff payroll system
When Peter Muriithi (pictured below) started Megashift Technologies in 2018, all he wanted to do was offer IT and IT solutions to small and medium-sized businesses (SMBs).
After connecting SMEs to solutions, he slowly began to notice that there were difficulties in the business operations of some of his clients.
âMy clients were using old methods of recording transactions, reconciling income, and so on. Peter revealed. âIn the event of a fire, all company data would ignite. ”
âWe saw an opportunity to deliver an automated system that will improve the efficiency of day-to-day operations, personnel management and payroll management. This is how the Crew HR system was born,â he said. -he declares.
The software is web-based, accessible online for any customer who wishes to use it. All you need to do is create an account for your business and you are good to go. Then enter the number of employees you have on the system. It also lets you know how to pay them, how much, when and to manage costs. It uses the pay-as-you-go business model.
âThe decision to apply this business model was motivated by the fact that our target customers are not as well established financially. The cost issue is therefore what motivated the need to provide a subsidized pricing model,â said Peter at The Innovator.
He had the chance to integrate his solutions with a number of SMEs and non-governmental organizations (NGOs). But it was not easy.
Funding, he says, remains a big challenge in taking his business to the heights he wants. He claims that if more flexible financing methods could be offered to SMEs and startups, the country would be far away as it would be easy to provide employment opportunities as SMEs provide more than 90 percent of jobs in the country to the both directly and indirectly.
Currently, he has obtained grants and other forms of funding in the amount of around 3 million shillings to boost his business, but even that is just a drop in the ocean.
Another big challenge he faces is the mentality around Kenyan startups in the market where it is difficult to enter as a young entrepreneur.