RSM Eastern Africa LLP Certified Public Accountants

RSM Eastern Africa LLP Certified Public Accountants

We are writing to highly recommend the services of Caseware Africa as the providers of Caseware IDEA.

We have been a customer of theirs for the past 12 months on a renewable license, and we use their product for data analysis and audit purposes.

The product has been extremely useful and has significantly improved the efficiency of our data analysis processes. We would highly recommend Caseware Africa to anyone in need of data analysis software, and we are confident that they will provide excellent service and support.

George Mutua
Partner

The Solution

Caseware IDEA

Caseware IDEA® : Corporate, Public Sector & Governance

Perform Root Cause Analysis & Protect Revenues

Caseware IDEA

Caseware IDEA® : External Audit​

Use Data Analytics & Drive the Quality of the Analysis

Caseware IDEA

Caseware IDEA®: Internal Audit

Data Analytics Transforms Internal Auditors Into Strategic Advisors

Office of the Auditor-General Namibia

Office of the Audit General Namibia

This letter serves to confirm that the Office of the Auditor-General Namibia used Caseware for engagement management, data analysis and time recording.

We purchased Caseware IDEA from Caseware Africa in 2013 and have successfully rolled out this data analytics tool internally. Caseware IDEA assists us with investigating fraud, financial analysis, security reviews, operations and system audits.

The licences are renewed on an annual basis. It is against this background that this Office recommends them as a reliable service provider.

Erica Dien
Director Administration

The Solution

Caseware IDEA

Caseware IDEA® : Corporate, Public Sector & Governance

Perform Root Cause Analysis & Protect Revenues

Caseware IDEA

Caseware IDEA® : External Audit​

Use Data Analytics & Drive the Quality of the Analysis

Caseware IDEA

Caseware IDEA®: Internal Audit

Data Analytics Transforms Internal Auditors Into Strategic Advisors

Herbert and Liebisch Incorporated

Herbert and Liebisch incorporated

I am writing to highly recommend the services of Caseware Africa as the providers of Caseware IDEA. We have been a customer of theirs for the past 20 months on a renewable license, and we use their product for data analysis and audit purposes. The product has been extremely useful and has significantly improved the efficiency of our data analysis processes.

We would highly recommend Caseware Africa to anyone in need of data analysis software, and we are confident that they will provide excellent service and support.

Carmen Arce
Chartered Accountants (SA)

The Solution

Caseware IDEA

Caseware IDEA® : Corporate, Public Sector & Governance

Perform Root Cause Analysis & Protect Revenues

Caseware IDEA

Caseware IDEA® : External Audit​

Use Data Analytics & Drive the Quality of the Analysis

Caseware IDEA

Caseware IDEA®: Internal Audit

Data Analytics Transforms Internal Auditors Into Strategic Advisors

Caseware tailors financial reporting solution for Vodacom South Africa

vodacom

Vodacom South Africa, part of the Vodacom Group, uses Caseware solutions to support efficient and compliant financial statements.

Vodacom Group is a leading African connectivity and financial services company serving 130 million customers and delivering services including telecommunications, IT, digital and financial services. Vodafone Group Plc (Vodafone) – one of the world’s largest communications companies in terms of revenue – has a 60.5% shareholding in Vodacom. Wesley Govender CA (SA), Senior IFRS & Governance Specialist at Vodacom South Africa, says he and his team use Caseware Working Papers (including Connector) as a convenient single tool to prepare annual financial statements.

Caseware Working Papers provides seamless imports of trial balance or general ledger details from over 60 accounting packages, Excel, CSV and ASCII. Govender says what he finds particularly beneficial are automated mapping and lead sheets and the ability to reconcile the trial balance back to the ledger systems with full adjusting journal entry traceability and reporting.

“Vodacom South Africa has been using Caseware for some years – prior to my joining the company in 2018. I believe that before this, the team used Excel, which was time consuming – particularly when it came to formatting,” he says. “Mapping makes life quite easy, and we appreciate the ability to make manual adjustments, write notes and see the whole audit trail of any adjustments or notes – even years later.”

As part of a multinational group, Vodacom South Africa must align with the group’s tailored and standardised financial reporting standards and templates, Govender says. “Over the years, our financials have become quite tailored. Caseware specialists came to Vodacom and tailored the system for us to meet the group’s requirements.”

Vodacom South Africa also uses Caseware’s Corporate Statutory Reporting Template (Pty) IFRS, Financial Statements for Trusts – SME, and SmartSync.

The Solution

Interim Financial Statements

Interim Financial Statements

Empowering professionals with an automated IAS 34 interim financial statement solution.

SME Financial Statements

SME Financial Statements

Empowering professionals with an automated IFRS for SMEs annual financial statement solution.

Caseware Cloud

Caseware Cloud

World-class compliance and streamlined automation, from any location, on any device, at any time.

Caseware Connector

Caseware Connector

Enable Microsoft® Word and Excel® with the power of Caseware Working Papers.

Caseware SmartSync™

Caseware SmartSync™

Collaborate on Caseware Working Paper files from anywhere, at any time.

Caseware Consolidation

Caseware Consolidation

Combine several entities into a single parent company to create consolidated financial statements.

Caseware delivers efficiencies, cost control for Provantage

Provantage
Provantage Media Group, a fast-growing out of home media specialist operating in 15 countries across Africa, uses Caseware to efficiently and cost-effectively manage its financial reporting and audits. Provantage has two Caseware licences, with Smart Sync, Full IFRS and Consol template, SME Pty template, CC template and Probe. Ruan Burger, Group Finance Executive at Provantage, reports that he has used Caseware solutions since his early days as an Article Clerk around 2008. He introduced Caseware to Provantage when he served as the company’s auditor and later joined Provantage. It was an automatic choice, Mr. Burger says: “As the company grew and expanded into new countries it became necessary to consolidate more and more entities. So, we have been using it for financial statements for years and have never needed to consider an alternative.” 

Provantage has enjoyed exponential growth – particularly in the last five years, and Mr. Burger says Caseware enables him to manage growing numbers of financial statements efficiently and in line with IFRS reporting standards. “With the growth we have experienced, incorporating normal day to day accounting transactions into our ERP system is more challenging than doing the financial statements on Caseware. 

Our entire finance team is comprised of 55 – 60 people across Africa, yet we are still able to get through the statements quite quickly. In terms of cost versus benefit, if we had to set up 50 sets of statements and bring in external consultants, it would take quite some time and cost us a fortune. With Caseware, we are able to be fast, efficient, and cost effective.” 

Thanks to Smart Sync, Provantage has the option to collaborate remotely. “With the current environment, we can just work from home, and if our department grows and has more people using the programme, it will certainly add even greater value,” he says. 

Mr. Burger notes that another area where Caseware adds value is that because the company’s auditors use it, processes are fast-tracked. “The majority of auditors use Caseware, so we can simply give them access to the server, and they start auditing off it,” he says. 

“It’s all about cost controls and efficiencies in business today, and Caseware supports that. If we were ever told we could only retain a handful of solutions, Caseware would be one of them,” Mr. Burger concludes. 

The Solution

Probe Compilation

Probe Compilation

Empowering compilers of financial statements to create seamless and comprehensive compilation engagements.

Interim Financial Statements

Interim Financial Statements

Empowering professionals with an automated IAS 34 interim financial statement solution.

SME Financial Statements

SME Financial Statements

Empowering professionals with an automated IFRS for SMEs annual financial statement solution.

Caseware SmartSync™

Caseware SmartSync™

Collaborate on Caseware Working Paper files from anywhere, at any time.

Caseware plays a key role in helping Old Mutual streamline the production of annual financial statements

oldmutual

Business challenge

One of Old Mutual’s lines of business is to provide administrative services for retirement funds. These services include drawing up annual financial statements for these clients as stipulated by the Pension Funds Act. The Act requires that retirement funds prepare annual financial statements in a certain format that conforms to Generally Accepted Accounting Principles (GAAP). 

In this highly competitive market, retirement fund administrators must provide high-quality services at a low cost in order to retain their clients. Retirement fund administrators like Old Mutual thus need to find ways to streamline the process of producing annual financial statements whilst at the same time ensuring that they are highly accurate and align with regulatory changes. Caseware’s Pension Fund Annual Financial Statements template provides the solution for Old Mutual. The software automates the process of producing annual financial statements, drawing financial information directly from the accounts, thus ensuring that if any of the underlying figures change, those are reflected in the financial statements. This in turn enhances the quality of the product delivered to the client, while greatly reducing Old Mutual’s costs. 

In addition, the Caseware team also ensures that the template is updated whenever the regulator changes its requirements, so that the statements are always delivered in the required format. “For Old Mutual, Caseware’s Pension Fund Annual Financial Statements template provides a great way to draw up annual financial statements for all our retirement fund clients that conform to the regulator’s requirements, that are accurate and that minimise the time commitment of our own employees,” says Rashid Ismail, title, Old Mutual. “Caseware helps us stay competitive while delivering an excellent service to our clients.”

The Solution

Caseware Working Papers

Caseware Working Papers

A flexible project management solution that integrates everything needed to conduct assurance and reporting engagements.

Caseware helps MNK Chartered Accountants improve productivity and leverage scarce professional skills

MNK Chartered Accountants

Business challenge

MNK Chartered Accountants is a professional services firm in Zimbabwe, offering audit, tax, and advisory services. A key challenge faced by the company was over-reliance on manual processes, which made it hard to keep track of the complex work streams inherent in any audit. Minati Ndala, Partner, MNK Chartered Accountants says she first became aware of Caseware when undergoing training at a Big Four accounting company and found it to be user friendly.

MNK Chartered Accountants accordingly implemented Caseware Audit International as well as the financial statements package. Initially only the senior members of the firm used the package, but now all team members are using it.

“Having all the working papers in one central location and all work being synchronised on Caseware is already a huge benefit for us in terms of productivity and work quality. Going forward, we see the potential to automate more and more of the audit process as something that will generate huge benefits for a small practice like ours,” Ms Ndala says. “In due course, we expect the productivity enhancements to translate into cost savings.” Caseware provided training for the MNK Chartered Accountants’ team and continues to offer support—the support team is very responsive, Ms Ndala confirms.

Caseware has also adopted an innovative and flexible approach to pricing when necessary to accommodate LDP’s needs. For example, it made it possible for LDP to access highly specialised software used for conducting audits of attorneys’ trust funds on a pay-as-you-go basis. “Purchasing a licence in the normal way would not make business sense for us given the number of clients where we would use the software, so the pay-as-you-go model really worked for us,” Ms Haasbroek says.

LDP moved onto Caseware Cloud in 2019. Ms Haasbroek says that cloud is rapidly evolving to become an essential business tool. For example, Caseware Cloud made it easy for LDP to shift into a work-from-home mode in response to the COVID-19 lockdowns. “Caseware is an amazing product and I can’t imagine our business without it,” she concludes.

The Solution

Audit International

Audit International

A robust, automated risk-based auditing solution for audit firms of all sizes.

IFRS Financial Statements

IFRS Financial Statements

Empowering professionals with an automated annual financial statement solution.

Caseware Connector

Caseware Connector

Enable Microsoft® Word and Excel® with the power of Caseware Working Papers.

Caseware Working Papers

Caseware Working Papers

A flexible project management solution that integrates everything needed to conduct assurance and reporting engagements.

Caseware SmartSync™

Caseware SmartSync™

Collaborate on Caseware Working Paper files from anywhere, at any time.

Caseware is essentially responsible for the drafting of TWK’s financial statements

TWK agri

Business challenge

Eddie Fivaz, Chief Financial Officer (CFO) of TWK, says his team strives for excellence in the fulfilment of compliance requirements. “We initially had two goals, the first was the fulfilment of all IFRS compliance mandates and the second was the eradication of spreadsheets and word templates from the business. “Accuracy is crucial in our dynamic and fast growing business environment. Because we are a listed entity, we are mandated to publish our financial results within three months of our year end. Adherence to these timeframes is a critical compliance requirement. In 2011, when I joined TWK a couple of months prior to year-end, I immediately realised that a quick and sustainable solution needed to be found that would guarantee IFRS compliance for the group. Caseware was a perfect match for our needs and became solution that helped us to eradicate time consuming spreadsheets and word templates from our business,” says Mr. Fivaz.

Caseware deployed the following solutions

“We assisted TWK to acquire a quality set of financial statements and we helped with the consolidation process. “Automation delivers time savings, quality, greater efficiencies and peace of mind in terms of compliance issues. In the post COVID-19 world Caseware enables remote operations through cloud, where finance teams can now collaborate on files, regardless of their location. “In our automated world there is always only one version of the truth, negating the situation many financial professionals face of having to constantly update spreadsheets,” adds Mr. Holtshuizen.

Business benefits – Time, Significant Cost Savings and Heightened Efficiencies.

Mr. Fivaz says: “At the end of the day it is all about compliance, quality and timeous production of reports – all of which Caseware enables us to deliver. Automating certain processes meant that our time was freed up to focus on adding greater value to our business. We now completely automate IFRS templates and building of reports – these are tasks that historically would have consumed many man hours. Automation also dramatically reduced the time spent on the consolidation process – a major bonus to our professional teams. The time this has afforded our teams is now being utilised far more productively in analysing outcomes and devising strategies aimed at driving growth and improving business efficiencies. “In order for a business to thrive and be sustainable management needs to be able to move fast and make quick informed decisions – this is a given at any time, but it has possibly become even more crucial over the past two years. An efficient management team can achieve this but only if they have access to detailed and accurate information. This is what we have been able to achieve through our relationship with Caseware, ” Mr. Fivaz concludes.

The Solution

Caseware Cloud

Caseware Cloud

World-class compliance and streamlined automation, from any location, on any device, at any time.

Caseware Working Papers

Caseware Working Papers

A flexible project management solution that integrates everything needed to conduct assurance and reporting engagements.

Number Two Piggeries streamlines its financial processes with Caseware

N2P

Business goals/challenges

Number Two Piggeries has multiple farming operations around the country, each one of which is a separate cost centre with its own bank account and bookkeeper.

Business benefits

Caseware Working Papers and CaseView enable Number Two Piggeries to consolidate its financial statements much more easily and accurately across a sprawling enterprise. Turnaround time for producing audit-ready financial statements has now been reduced by two months. By taking on a task that its auditors had previously performed, Caseware also saves on costs. Another key benefit is that the company can produce monthly financial statements that give executive management oversight of the organisation as a whole, and the ability to take decisions based on up-to-date and accurate information. “Caseware gives me a clear view of what my staff is doing across the company and makes it easy for us to identify and deal with queries as they arise,” Mr Adams says. “We have gained efficiencies while saving costs and being able to provide monthly financials enables tight management, which is important to underpin our profitable growth.” Consolidating all these cost centres manually could be extremely time-consuming but, says Group Accountant Renato Adams, Caseware Working Papers provides the perfect platform to automate the process. Mr Adams joined the company in 2016 and one of his first moves was to install Caseware Working Papers to facilitate the speedy consolidation of the financials. The company also uses CaseView, part of the Working Papers suite, to format the financial statements to publishing quality. Because it integrates seamlessly with Working Papers, CaseView automatically updates when any changes are made in Working Papers, ensuring one version of the truth, and avoiding discrepancies. Each farm or cost centre had its own Caseware licence but during the 2020 COVID-19 lockdowns, when working from home became a business necessity, Number Two Piggeries acquired a cloud licence. Mr Adams says that this made an enormous difference to his ability to manage a dispersed team.

The Solution

Caseware Cloud

Caseware Cloud

World-class compliance and streamlined automation, from any location, on any device, at any time.

Caseware Working Papers

Caseware Working Papers

A flexible project management solution that integrates everything needed to conduct assurance and reporting engagements.

Caseware Africa enabled Moore South Africa to work remotely

moore south africa

How does it future-proof your business?

Caseware Cloud has assisted tremendously over the last few months, as it has enabled staff to work remotely. Furthermore, it has helped with the performance of electronic audits as it has opened up seamless client collaboration. It also provides a cloud based solution with uncapped storage and helps to secure data through cloud based backups. Having this solution permits our firm to be future ready in terms of software update/template changes, for example ISAE Attestation (Attorneys Trusts and Estate Agents) are now only cloud based engagements and are no longer updated on the desktop version of Caseware, therefore, requiring access to Caseware Cloud. This also facilitates our company’s readiness to access any future releases, such as future cloud-based SME and Probe Review engagements. Caseware Cloud has several cloud-based solutions such as CloudSec and CloudTax which it also supports.

We asked MOORE South Africa how Caseware has improved and streamlined its Practice

How has Caseware Cloud Increased Efficiencies?

Caseware Cloud has assisted by streamlining and providing a central hub to track audits, store files and interact with clients.

Cloud Experience – what are the savings on time, money, and headcount?

Caseware Cloud and Caseware Working Papers Hybrid, working in tandem, are more efficient than working with a stand-alone Caseware Working Papers program. The fact that Caseware Cloud has one central parent copy of a file to which all users have access, permitting live collaboration, as opposed to users working on independent copies of files – saves time, reduces costs and is a tremendous driver of an efficient workflow.

What has Caseware meant to your Audit processes onboarding experience?

Caseware’s financial statement and probe templates, assist immensely with the audit process. The former supports the drafting of financial statements and ensures compliance with the relevant International Financial Reporting Standards. The latter probe templates aid in the performance of several engagements including: audits; independent reviews, and compilations.

What is the quality of the work papers?

Caseware working papers provide financial statement templates and probe templates of a high quality.

What is offered in terms of compliance and content?

The probe audit methodology is compliant with the relevant international standards on auditing; his can be confirmed by perusing the Probe MMX Manual and ISA Mapping documents prepared by Caseware. Moreover, the probe independent review is compliant with the relevant international standard on Review Engagements. The financial statements provide solutions for IFRS , IFRS for SME and IFRS vir KMO standards and also facilitate the construction of the consolidated financial statements. Caseware Cloud also provides cloud based ISAE attestation which permits audits of attorney’s and estate agent’s t rusts, in compliance with the LPC and EAAB respectively.

How does the Cloud and Hybrid solution make a difference to everyday tasks?

Cloud and Hybrid solutions assist in enabling an audit team to work on live audits, permitting staff to see live adjustments on a file. It further facilitates live reviews of files and assists in tracking audit engagements from multiple locations. For example, it is possible to check on all engagement teams remotely, irrespective of client location.

The Solution

Caseware Cloud

Caseware Cloud

World-class compliance and streamlined automation, from any location, on any device, at any time.

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