Africa Health Care

Business challenge

Fresenius Southern Africa’s, Vernon Beck (external advisor to SSA CFO, Jason Fraser) says that the company faced significant challenges in creating bi-annual and annual financial statements per requisite IFRS. Fresenius SSA operates the SAP ERM but the complexity of exporting the necessary financial information from the system into Caseware made financial reporting in line with the IFRS framework challenging.

“Caseware was the most effective and efficient financial reporting software application that was able to solve this perennial issue for us efficiently,” Mr Beck says. “We also needed to be absolutely confident that we are utilising the latest Financial Reporting Standards, issued by the IFRS which Caseware addresses by consistently updating its Financial Reporting Standard Templates with the latest standards.”

Business benefits: Streamlining the development of accurate, compliant, and timely financial statements

Fresenius Medical Care South Africa implemented the Caseware IFRS Interim, Annual and Consolidation Financial Reporting suite in January 2023.

Fresenius runs on SAP, and the process of converting the data from the SAP system into a format that is compatible to importing into Caseware to produce fully IFRS compliant financials is a complex one, Mr Beck explains. “This is where the immense technical expertise of the Caseware technical and support team proved invaluable”.
“All our requests to Caseware – no matter how large, time constrained, or complex – have been attended to and delivered,” he says.

He says that already the process of preparing financial statements for multiple companies across sub-Saharan Africa has been significantly streamlined and is now internally managed as opposed to being reliant on external consultants for financial reporting purposes. The process is far more effective, and the results are more accurate, relevant, reliable, and timeous. The automated balancing routines immediately indicate and identify anomalies and incorrectly mapped accounts which further enhances the efficiency of the account mapping and financial reporting.
For Mr Beck, the cloud functionality offers several benefits, notably the ability of users to access the system from multiple points and the reliable backups. It’s also useful that we can access the system from the office or remotely and even designated colleagues at the Fresenius head office in Germany, can access the system if required.

“Caseware’s IFRS solution is the optimal solution we found to address the SAP’s accounting data structure and the dynamic IFRS requirements but most impressive and important is the quality of the backup from the entire Caseware support team – technical and other. “It is simply outstanding”, he says.

The Solution

iXBRL Reporting

iXBRL Reporting

Prepare CIPC iXBRL reports based on annual financial statements.

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 Consolidation

Caseware Consolidation

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

Fresenius Medical Care

Business challenge

Fresenius Southern Africa’s, Vernon Beck (external advisor to SSA CFO, Jason Fraser) says that the company faced significant challenges in creating bi-annual and annual financial statements per requisite IFRS. Fresenius SSA operates the SAP ERM but the complexity of exporting the necessary financial information from the system into Caseware made financial reporting in line with the IFRS framework challenging.

“Caseware was the most effective and efficient financial reporting software application that was able to solve this perennial issue for us efficiently,” Mr Beck says. “We also needed to be absolutely confident that we are utilising the latest Financial Reporting Standards, issued by the IFRS which Caseware addresses by consistently updating its Financial Reporting Standard Templates with the latest standards.”

Business benefits: Streamlining the development of accurate, compliant, and timely financial statements

Fresenius Medical Care South Africa implemented the Caseware IFRS Interim, Annual and Consolidation Financial Reporting suite in January 2023.

Fresenius runs on SAP, and the process of converting the data from the SAP system into a format that is compatible to importing into Caseware to produce fully IFRS compliant financials is a complex one, Mr Beck explains. “This is where the immense technical expertise of the Caseware technical and support team proved invaluable”.
“All our requests to Caseware – no matter how large, time constrained, or complex – have been attended to and delivered,” he says.

He says that already the process of preparing financial statements for multiple companies across sub-Saharan Africa has been significantly streamlined and is now internally managed as opposed to being reliant on external consultants for financial reporting purposes. The process is far more effective, and the results are more accurate, relevant, reliable, and timeous. The automated balancing routines immediately indicate and identify anomalies and incorrectly mapped accounts which further enhances the efficiency of the account mapping and financial reporting.
For Mr Beck, the cloud functionality offers several benefits, notably the ability of users to access the system from multiple points and the reliable backups. It’s also useful that we can access the system from the office or remotely and even designated colleagues at the Fresenius head office in Germany, can access the system if required.

“Caseware’s IFRS solution is the optimal solution we found to address the SAP’s accounting data structure and the dynamic IFRS requirements but most impressive and important is the quality of the backup from the entire Caseware support team – technical and other. “It is simply outstanding”, he says.

The Solution

IFRS Financial Statements

IFRS Financial Statements

Empowering professionals with an automated annual financial statement solution.

Interim Financial Statements

Interim Financial Statements

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

Caseware Cloud

Caseware Cloud

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

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.

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