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.
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