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.
Interim Financial Statements
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SME Financial Statements
Empowering professionals with an automated IFRS for SMEs annual financial statement solution.
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