LOCAL information and communication technology solutions provider, Fiscal Support Services (FSS), has unveiled a new fiscal solution designed to optimise revenue collection and align with the Zimbabwe Revenue Authority’s (Zimra) agenda, NewsDay Business can report.
FSS finance director Tapiwa Gandiwa told NewsDay Business that the solution, Smart Mini POS (point-of-sale), was expected to increase the opportunities for small and medium enterprises to become fiscal compliant.
“In addition to the user-friendly retail software used on the device, the Smart Mini POS comes with a high speed of 60mm/s printer head,” Gandiwa said.
“This translates to reduced transaction processing times and the extended device battery life facilities business continuity in times where commercial power might be a challenge.
Gandiwa said additional functions and upgrades would be rolled out without high additional costs to the taxpayers as the POS device use latest technologies in the market.
The launch of the ‘Smart Mini POS’ is expected to improve business efficiencies as its versatility integrates well in both receipting and invoicing environments, experts say.
The fiscal device has versatile integration options such as being linked to existing enterprising resource planning systems for big companies that conduct van sales and those that have selling points in remote areas.
Gandiwa said the company also provides a back-end system for businesses that have multiple selling points.
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This enables businesses to monitor multiple devices remotely in terms of real-time sales and inventory levels and transfer stocks between branches.
The company’s sales manager Mpumelelo Ncube said they were ready to deploy the device throughout the country.
“Over the past 10 years of our operations, we have continued to win the hearts of our clients through providing business technology solutions,” he said.
“Now, with the introduction of this device, we are positive that the small to medium enterprises that have been facing challenges in fiscalisation due to high set up or compliance costs, will come on board and uplift the nations fiscal revenue through the adoption of the Smart Mini POS device.”
Ncube said the device helped eliminate the challenges faced by businesses that had been issuing manual receipts by automating the process.
The device also enables fiscal compliance for those that have non Zimra fiscalisation data management system-compliant POS systems.
Zimra has been on a drive to ensure fiscalisation of companies to generate more revenue after it emerged that some entities had not connected the recording of their taxable transactions on the fiscal devices, thereby prejudicing the tax collector.
Statutory Instrument (SI) 104 of 2010, as amended by SI 99 which was gazetted on August 1, 2011, directed that all eligible registered operators should record transactions using fiscalised devices.
