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How to Embrace Financial Reporting in the Cloud

If your Financial Reporting process consists of manic monthly “fire-drills”, comprising time-consuming manual efforts, it’s time to embrace the Cloud. Earnings are becoming more volatile, data is changing at the speed of light, and management requires reports that deliver insights and are easy to analyse, rather than documents thrown together to meet a deadline, containing […]

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XBRL: Meeting Digital Financial Reporting Requirements

What is “XBRL”? The acronym stands for “eXtensible Business Reporting Language”. According to iOCO, “XBRL is a freely available electronic language for financial reporting that is based on Extensible Markup Language (XML) and is produced and consumed by XBRL-enabled software.” Since 1 July 2018, the Companies and Intellectual Properties Commission (CIPC) has enforced its right […]

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Technology drives product innovation for food and beverages

In South Africa, food and beverage manufacturers are hard pressed to seize opportunities for product innovation. To achieve this, the elimination of IT silos between R&D, planning, procurement, manufacturing, sales, and marketing is essential. Enterprise wide visibility of data, business systems, and processes must be available to all key players. A product lifecycle management (PLM) […]

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