Technology

Sage Intacct product enhancements to help businesses simplify processes

On 1 March 2023, Sage, a leader in accounting and financial technology for small and mid-sized businesses (SMEs), announced a series of updates to its Sage Intacct product to help businesses simplify processes and increase efficiency. The updates include: Sage has launched two cloud-based products, Sage Intacct Planning and Sage Intelligent Time, in South Africa …

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Critical Pillars for the Digital Transformation of PAOs

7 February 2023 Professional Accountancy Organizations (PAOs) are ready to accelerate digital transformation to improve the delivery of their mandate. The Digital Readiness Tool assisted 20 countries from Sub-Saharan Africa and other regions in their digital transformation journeys. The IFAC PAO Digital Readiness Tool is a free self-assessment tool designed to help PAOs assess their …

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5 Technology Trends that is Transforming Accounting

Digital transformation stays a clear leader in technology trends, due to the growth of data to be handled at any one time.  Accountants will need to embrace the rapid advances in accounting technology if they want to remain relevant in the accounting industry. AutomationAutomation has been a growing trend in the accountancy and finance sectors, …

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Why accountants should focus on niche markets to establish their business?

17 September 2022 Finding a niche is an excellent way for accountants to unlock new, profitable opportunities.  So, it’s no surprise to hear that more and more practices are identifying and focusing on niche markets as a way of optimising budgets and boosting internal efficiency. Here’s what we cover in this article: What do we …

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Sage Article Advises How Finance Teams Can Say Goodbye to Manual Process and Hello to Automation

16 September 2022 Is your finance team spending too much time on manual processes? Could automation give you more time? In this article, we highlight how you and your finance team can say farewell to those manual processes courtesy of automation. Here’s what we cover: Challenges of manual processes for finance teams How spreadsheets are …

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New ‘delete for everyone’ function brings about legal liability

The new update to WhatsApp began rolling out to users on 1 September 2022, giving group admins more power and control over the content being shared on various platforms. More specifically, the update – once activated – enables group administrators to delete messages sent. The new ‘delete for all’ function was previously only available to …

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cyber insurance coverage – what you need to know

Journal of Accountancy, by Kevin Brewer August 30, 2022 A cybersecurity specialist Mike Foster has been preventing “bad guys from logging in” for 25 years. In this article he provides help to prepare business owners, CEOs, and IT professionals for the application and renewal process of cyber insurance coverage. Insurance companies ask many questions without …

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Small business guide to succession planning

Do you have a succession plan for your business? PwC’s Africa’s Family Business Survey 2021 noted that 76% of African family businesses don’t have succession plans in place. Only 41% of these business owners have a last will/testament in place, which means that, when they die, there is no fixed plan to ensure that the business is …

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