TowerSITE Digital Payment & Collection System
The Challenge
The unstructured business environment of the stakeholders like the Truckers and Freight-Forwarders have contributed greatly to the loss of revenue for the CRFFN. POF and other revenue collections from Freight Forwarders and other logistics service provider are often not trackable, thereby making the CRFFN lose revenue in Hundreds of Millions of Naira.
The Need
The possibility of expanding the CRFFN revenue will continue to be a mirage, and so is the NEED for a robust and transparent solution for the purpose of POF assessment and collection, thereby halting this unnecessary revenue loss.
Proposed Solutions
The Project 4.1 System incorporates a payment system for Revenue Collection in the Domestic Cargo & Shipping Transactions, which features simplicity, flexibility and ease of implementation. It maps the Freight-Forwarder and Trucker transactions in the domestic Value-Chain, thereby ensuring seamless collection of CRFFN Revenue and remittance of same to the CRFFN.