:The software you choose is not the only variable that determines the success of your consolidation software implementation. ” Prevent costs and headaches later by selecting the ‘right fit’ solution Companies with multiple cost centres or business units usually reach the point of needing to adopt a financial consolidation solution. The time is ripe to…
DetailsProducing an integrated report can be a tedious and stressful affair, but automated tools are becoming available. Most organisations have sophisticated intelligence and analytical tools in place for planning, budgeting, forecasting and consolidation, also known as the ‘first mile of reporting’. However, when compiling monthly and annual reports, all data is initially extracted from Excel…
Details“There is no downside to having a qualification as a chartered accountant, only upsides. One of the things I have learnt here at PSG is never to use the word ‘I’ but rather use the word ‘we’” Jannie Mouton is one of South Africa’s most successful and influential businessmen. Accounting SA had a rare opportunity…
Details“Traditional KPIs include chargeable time, billing recovery rates, bills raised and the quantum of lock up.” Implementing key performance indicators to grow your profitability Business financial progress can be tracked by management accounts, but what can accountancy business owners monitor that will directly result in profit improvement? A key performance indicator (KPI) is a selected…
DetailsA whale of a Flop JPMorgan Chase & Co cancelled a question-and answer session on Twitter after it prompted a tirade of verbal abuse from thousands of people on the site. They are the target of at least eight Justice Department investigations in the US and was mocked and taunted by Twitter users after asking…
Details“They may be high-income producers but, by trying to emulate glittering rich millionaires, they are living a treadmill existence.” While the highly educated were busy studying, the super wealthy were already earning … We are all aware that extreme wealth often correlates with a low standard of education. Richard Branson and Walt Disney dropped out…
Details“The result – watered-down ‘integrated reports’ and ‘sustainability reports’ that were full of disclosure gaps.” The penny has finally dropped. To survive and thrive, companies are embedding sustainability into management reporting For corporate South Africa, sustainability became real in 2010, when the King III Code became effective for JSE-listed companies. Managements now needed to ‘comply…
Details“Differing accounting recognition and measurement criteria, applied to various components of a hedge relationship, create volatility in financial reporting” Hedge accounting is becoming imperative for companies exposed to exchange rate volatility The recent volatility in the South African rand (ZAR) has seen many local corporates scrambling to control the impact of dwindling local currency value…
DetailsSA welcomed into Financial Times Group global survey Investec has been recognised by London’s Financial Times Group as the Best Private Bank and Wealth Manager in South Africa, at the 5th Annual Global Private Banking and Private Wealth Management (PWM) Awards, hosted in Geneva. Significantly for South Africa, it was the first time in the…
Details“Sustainability in the supply chain is increasingly considered as critical to delivering long-term profitability, replacing financial cost, value, and speediness as the chief concern.” Adopting sustainability practices can make smaller companies more competitive in supply chains The effects of the worldwide economic downturn, combined with environmental degradation and social volatility, are not conducive to a…
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