Manage financial flow with eAccounts

During the fifth episode of African Farming, the agricultural television show on Mzansi Wethu (channel 163), Praveen Dwarika, Managing Director of Lemang Agricultural Services, explained to the show’s host, Angie Khumalo, how AFGRI’s eAccounts platform can assist farmers in managing their cashflow.

What is impressive about Jimmy and Lerato Botha is how products such herbs need to be planted at different times to ensure a continual supply of products. Also, how quick perishable products like basil need to be moved to fresh-produce markets and green grocers. There are a lot of moving parts in a business like this and a lot of balls that the Botha family are juggling. AFGRI has tried to address that complexity by creating a digital platform, called eAccounts, where a farmer can do all his transacting while keeping an eye on his cashflow.

In this age of technology, where most vital financial transactions are done through the touch of a button rather than in the presence of a teller or the bank manager, it is essential for financial services companies to offer top-notch electronic platforms from which clients can transact. eAccounts does just this.

“Think of eAccounts as internet banking but on steroids. With eAccounts, you load your beneficiaries from your working capital facility, and you pay them directly from there.

“At some point you may have bought parts from, let’s say John Deere. About six months later you decide to draw a statement but there are line items that you do not understand. All you will have to do is to click on it and you get your invoice immediately. That shows you exactly what you bought on that day.

“Therefore, keeping an eye on your cashflow is easy. And understanding the details behind it is at your fingertips and in your pocket all the time,” Dwarika explained.

Customers can also draw detailed reports and information of their respective grain delivered for storage at any of AFGRI Grain Management’s 85 locations across the country. There is also a function to calculate storage rates according to grade and grain type.

Customers are further able to access and monitor their procurement contracts, which contain detailed information as well as movement reports. A remittance advice is available in PDF format. Another feature enables farmers to record rainfall on their lands. This platform now also includes an insurance and claims functionality.

It also enables farmers to view rainfall on their lands via a heatmap, record rainfall via colour-coded rain meters and monitor three years of monthly rainfall.

For information: Visit, https://www.afgri.co.za/eaccounts/

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