Advertorial Archives | SME South Africa https://smesouthafrica.co.za/category/advertorial/ SME South Africa is an online business portal that provides strategic business content, tools and resources to enable SMEs to unlock their growth potential. Thu, 15 Jun 2023 12:08:29 +0000 en-ZA hourly 1 https://smesouthafrica.co.za/wp-content/uploads/2021/07/cropped-cropped-SME_2021_Icon_512x512_colour-32x32.png Advertorial Archives | SME South Africa https://smesouthafrica.co.za/category/advertorial/ 32 32 Tax Filing Guide for SMEs: Ensuring Tax Compliance Made Easy https://smesouthafrica.co.za/tax-filing-guide-for-smes-ensuring-tax-compliance-made-easy/ Thu, 15 Jun 2023 08:52:51 +0000 https://smesouthafrica.co.za/?p=54601

As a small business owner, ensuring that your business is tax compliant is of utmost importance. With the tax-year end just around the corner, it is crucial to be well-prepared and organized to submit the necessary documents to the South African Revenue Service (SARS). Whether you are a first-time business owner or need a refresher, this comprehensive tax filing guide for SMEs will provide you with all the essential information you need to know.

The guide is divided into four main sections, each addressing a critical aspect of tax compliance. Let’s take a closer look at what each section entails.

In the first section, we will provide you with a comprehensive guide to payroll tax-year end. This section is designed to take you through the essential steps of preparing for, processing, and being ready for the next tax year. Properly preparing for payroll tax-year end ensures that you have all the necessary information and documents required for the payroll reconciliation process. This section will cover critical steps such as verifying employee information, reconciling employee records, and ensuring that all the necessary reports and declarations are in place.

Moving on to the processing payroll tax-tax-year-endtion, we will delve into the actual process of submitting your annual employer reconciliation returns to SARS. This section will cover everything from submission deadlines to necessary forms, emphasizing the importance of accurate and error-free submissions.

The final part of the guide focuses on preparing for the next tax year. This section will assist you in developing a plan that helps you avoid any mistakes made in the previous year and provides tips on how to make the preparation process smoother and more efficient.

The second section of this ultimate tax filing guide for SMEs focuses on four mistakes to avoid when submitting your personal tax return. By highlighting these common errors, we aim to help you prevent delays, penalties, or even an audit. Mistakes such as forgetting to declare income, claiming expenses that are not allowed, providing incorrect information, and not using the right forms can have serious consequences, so it is vital to be aware of them and avoid making these errors.

The third section of the guide is dedicated to three tips that will make tax compliance easier for small business owners. Running a small business can be stressful, and tax compliance is often one of the most time-consuming and complex aspects. This section provides practical tips that can help you streamline your tax compliance process, reduce the potential for errors, and alleviate some of the burden associated with tax-related responsibilities.

Finally, the fourth section highlights four compelling reasons to partner with Sage this tax-year end. Sage is a leading provider of accounting and payroll software solutions for small businesses in South Africa. This section outlines the benefits of using Sage software to streamline your tax compliance process, save time, and ensure accuracy, ultimately making your tax filing experience smoother and more efficient.

In conclusion, tax compliance is an essential aspect of running a small business, and being well-prepared for the tax-year end is crucial. This ultimate tax filing guide for SMEs offers easy-to-understand language, step-by-step instructions, timely and accurate information, valuable tips and tricks, and resources and support to ensure that you can submit your documents to SARS accurately and on time.

Whether you are a first-time business owner or in need of a refresher, this guide will help you navigate the complex tax compliance landscape and streamline the process, allowing you to devote more time to running your business. If you have any further questions or require additional assistance, please do not hesitate to reach out to our team members. Let’s get started on ensuring your tax compliance success!

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Cross Border Ecommerce Conference https://smesouthafrica.co.za/cross-border-ecommerce-conference/ Fri, 07 Oct 2022 08:02:48 +0000 https://smesouthafrica.co.za/?p=53274

the cross border ecommerce conference

The Cross border Ecommerce Conference to be hosted on the 16 & 17 November 2022 at the Indaba Hotel Fourways is exclusively targeted on the cross border ecommerce emerging landscape and it sets out the framework for successful trading across borders.

If you want to find out more about the challenges, trends, and opportunities and what to do to improve your cross border trade … then attend the upcoming two day event taking place on the 16 & 17 November 2022 at the Indaba Hotel, Fourways, Johannesburg. 

If you want to be part of this growing market, which will be worth 2.25 trillion U.S. dollars by the year 2026, then join us as a delegate at the event.

Join top class representatives of companies such as South African Revenue Services (SARS), Pick n Pay, Deloitte, Department of Trade Industry & Competition, Consumer Goods & Services Ombudsman, DHL amongst others will be addressing delegates at this year’s Cross Border Ecommerce Conference. 

This is the first ever event specifically aimed at cross border ecommerce in South Africa. Registration fee: R7 400 + VAT = R8 510 p/p – We have a special offer for the SME South Africa audience, if you register today you get two for the price of one!

A few topics to be addressed include amongst others:

  • A private sector view into understanding the complexities of the cross-border e-commerce supply chain 
  • Cross border payment opportunities for global merchants 
  • Driving mobile e-commerce payments innovation across Africa 
  • Why South African regulators need to step up to enable participation in global economy
  • Navigating the different buying habits, profiles and user experiences across cross-border e-commerce shoppers 
  • How to utilize ecommerce in the ecommerce environment
  • How omni-channels are changing the world
  • Why the ACFTA needs ecommerce 
  • Protection of consumers in the cross border ecommerce arena
  • The first South African on demand delivery app start-up to become the biggest grocery shopping app in SA

Reasons why you must attend The Cross Border Ecommerce Conference 2022

  1. Get background on understanding the cross border ecommerce landscape
  2. Get updated on the latest insights, challenges, trends and opportunities within the cross border ecommerce environment
  3. Meet industry experts within the industry
  4. Find out more about the crucial elements that defines a cross-border ecommerce strategy     
  5. Stay abreast with the latest updates regarding South Africa regulation
  6. Understand the motivation behind attaining international customers 
  7. Get to know the latest logistics challenges facing ecommerce

Who should attend?

Personnel from the following departments and sections can be expected to attend this event: 

* exchange control * cross border e-commerce transactions * money transfers* payments * clearing & settlements * regulation * international banking * e-banking * foreign exchange * e-wallets * retail * trade support * digital payments * supply chain * cross border ecommerce * remittances * online marketing * fraud and security * loyalty and rewards * social media * taxes * merchandise management* ecommerce * customer experience * customs * warehousing* insurance.

Branding opportunities are available this includes delegate presents, promotional inserts, lanyards, exposure in event material and online exposure. 

To receive more information or to register as a delegate e-mail Deborah Summers on deborah@tci-sa.co.za info@tci-sa.co.za or call +27 11 803-1553

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How Customer Retention can Grow Online Store https://smesouthafrica.co.za/how-customer-retention-can-grow-online-store/ Wed, 14 Sep 2022 08:06:42 +0000 https://smesouthafrica.co.za/?p=53020

online retention

Are you wondering why your online store is just not growing as quickly as you thought it would? Maybe you had it all planned out. Maybe you even had a business plan? You know, numbers and stuff that made sense. And the theory checked out. 

But now you’ve put it to practice, and things are just not going the way you thought it would? You have sales, but every month is a struggle to break even.  Even when you make profit, it’s minuscule.  

You see, most eCommerce store’s revenue and profit charts look like the graph below. 

It’s getting harder and harder to break through revenue plateaus. Every month is a fight! Worst of all is profit is declining regardless of your efforts. Sound familiar? 

If it does, it’s okay. You are not the only one. But that’s why I’m writing this article. It’s my job to help you gain clarity on why your business might be stuck in the mud. Are you ready for it? Here we go! 

The Reason You Aren’t Seeing Massive Growth Might Be Because Your Repeat Customer Rate Sucks! 

Let me explain. Did you know that most eCommerce stores don’t make much profit on their first sale? And that’s okay. That’s actually normal in case you were wondering! 

That is why growing an eCommerce business is so difficult. Rising advertising costs on Google and Facebook is already making it difficult to find your first customer. 

However, getting people to come back and buy again… Well, that’s tougher than trying to find an open table at a nice restaurant on valentine’s day. 

It’s possible, but you are going to have to make a few calls. However, don’t take my word for it. Just have a look at the graph below. 

What you are looking at is the percentage of customers that are open to shopping from you a second or third time. If you are an online retailer, or eCommerce brand, then you have a 16%-22% chance of getting the second sale. 

That means that out of every 10 customers, only 1-2 would be open to buying from you again. That doesn’t mean they will buy from you again; it just means they are open to it. 

It’s not only your job to ensure they have reason to buy from you again, but it’s also your job to notify them about the reason as well through SMS or email for example! 

Why Are Repeat Customers So Important To Your Bottom-Line? 

Digital advertising costs are rising all around us. That means that the cost of acquiring a customer using digital marketing for example is also increasing.I’m sure you’ve seen this already in some way shape or form. This forces us to pay more to acquire a customer, and chows away your profit margin. 

This means you make less profit every time you get a new customer. That sucks unfortunately, but it is what it is! 

The question is, what can we do to combat this? And this is where repeat purchases come in. You see you might be making less profit on the first sale. However, because you’ve already acquired the customer, you don’t have to spend the same amount to get them to buy again. So, when they do buy again, you have a good chance of making more profit! 

Example Of Repeat Customer Rate Of A Struggling Store 

The store above basically starts from scratch every month! It’s chasing new customers like rapid dogs after a rabbit! If by any chance they did not succeed in finding new customers, their business model crumbles! That’s a very high-risk business model! 

Example Of Repeat Customer Rate Of A Highly Profitable Store

The store above however has 67% of their customers coming back monthly! If they had to struggle to find new customers during the month, they would still be okay. 

That is because most of their expenses will most likely be covered thanks to customers coming back without much effort on their side. 

Sending email and SMSs aren’t cheap, I know. But considering that your email and SMS list consist of people who have bought from you before, you have a higher chance of selling them something again. 

These people know you now. They hopefully trust you too. Therefore, by sending an email and SMS, you stand a good chance generate money back. This is if you have good reason for them to come back!  

Like I said before, my job is to help make you aware of what might be causing you to plateau. Most stores are always chasing new customers. Because the cost of advertising is increasing, and profit is shrinking on the first sale. That is why every eCommerce business owner needs to ask the question… “How Can We Bring Customers Back and Get Them to Spend More?”  

It’s not that easy. But it is that simple! Should I show you a graph to ensure I get my point across? Here we go! 

Here you can see what happens to your profit when an existing customer returns to buy from your store a second, third, and even fourth time. Your initial customer acquisition cost will always be the highest. But once you’ve acquired the customer one way or the other. It’s gets cheaper to bring them back! Because it’s cheaper, the profit you make on the sale is more! 

This will allow you to start improving your overall profit margins as a business. 

So, if you do feel stuck in the mud. If your revenue and profit is not where you want it to be… Dive deep into you repeat customer stats! 

If your repeat customer purchase rate is not between 20-30% then you have a lot of work to do! Wondering what you can do exactly to bring them back? 

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ABSA SME Fridays Brings You Safari Tyres https://smesouthafrica.co.za/absa-sme-fridays-brings-you-safari-tyres/ Fri, 15 Jul 2022 12:54:49 +0000 https://smesouthafrica.co.za/?p=52803

safari tyres

Introducing Absa Small Business Friday – a new initiative designed to help your business grow. Friday will soon be more than just a day – it will be an opportunity to reward, acknowledge, support and grow businesses like yours, while also boosting our economy in the long term.

This Absa Small Business Friday, we have the privilege of chatting to South Africa’s very own – Safari Tyres. In this article read all about the challenges and business advice from Safari Tyres owner.  

When did you start your business? 

I started my business in 2016

What led you to pursue entrepreneurship? 

I wanted to be self-employed. I tried other businesses before, and they didn’t work so I ventured into the tyre business.

What are the challenges you experience when you were starting your business and how did you overcome them? 

Starting a business is very challenging. My biggest challenge came in the form of financial capital but that is something most small businesses deal with at the beginning. We keep moving forward and growing despite the challenges.

What impact did the Covid-19 pandemic have on your business? 

Covid-19 affected my business to a point where we almost shut down but fought very hard to keep the business alive and we are slowly recovering.

Your business is one of the businesses that are part of the ABSA SME programme, What does this mean to you and how do such initiatives from corporates like Absa help SMEs? 

I’m very excited to be part of this initiative and I would be very delighted if ABSA can also offer us financial assistance so that we can buy things such as product machines.

What is your advice for SMEs? 

I would like to encourage more young people to venture into entrepreneurship knowing that there will be plenty of challenges which will test their patience and they must never give up.

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PayFast eCommerce Virtual Summit opens registrations for entrepreneurs https://smesouthafrica.co.za/payfast-ecommerce-virtual-summit-opens-registrations-for-entrepreneurs Wed, 25 May 2022 08:35:57 +0000 https://www.smesouthafrica.co.za/?p=51078

 

Between 12- and 24-million ecommerce sites exist across the globe, according to Shopify’s 2022 Future of Commerce Trend Report. Unpacking how local entrepreneurs can grow and scale their own ecommerce businesses amid increasing competition, the PayFast eCommerce Virtual Summit will take place from 26 to 29 May 2022.

Hosted by The Insaka eCommerce Academy, the Summit will bring together representatives from more than 30 industry leaders, including Meta (previously Facebook), Google, Shopify, xneelo, and Takealot, to share their expertise, strategies and insights. The online event is open to the public and free to attend.

“Ecommerce presents an opportunity for businesses of all sizes to expand their client base beyond their immediate physical presence. Following exponential growth as a result of the pandemic, consumers have embraced online shopping as a convenient way to purchase everything from groceries and clothing, to tech and even cars,” says David Kusel, Head of Product at PayFast.

Topics to be covered at the Summit include: the biggest hurdles to overcome in your first year online; growing sales in underserved communities; getting started with Google Analytics; mastering deliveries for online orders; the importance of reviews to drive sales; and business funding options for small businesses, among others.

“Our goal with this year’s Summit, is to encourage anyone who has considered starting an online store to take the leap and get started. For those who have already set up their ecommerce platform, we want to provide practical insights and strategies that can be leveraged for growth and success,” says Warrick Kernes, Founder of The Insaka eCommerce Academy, a community-driven learning organisation for entrepreneurs.

Other key speakers at the Summit include Gareth Canterbury, Partner Consultant Manager at Xero, Magauta Mphahlele, Consumer Protection Act Ombudsman, Carl Erasmus, Commercial eCommerce Manager at DHL, Nalisha Pillay General Manager and Human Resources Executive at Koodoo, Donald Valoyi, CEO and founder of Zulzi, Lesego Lethoko, Head of eCommerce at Bathu Shoes, and Justin Drennan, Co-Founder of Parcel Ninja. For those who are tight on time, a flexible agenda, spread over four days, provides an opportunity to attend the sessions that they find interesting, at a time that suits them best

As a keynote speaker at the Summit, Kusel will speak to the trends and opportunities seen in the ecommerce sector; “With the rise of alternative payment methods, from QR codes to buy now, pay later, businesses can customise the payment experience to suit their target audience. While tech is leading the way forward, the focus is always on making sure the consumer has the best possible experience.”

Kernes will use his session to explore the best strategies to convert website browsers into buyers; “The main concern for online shoppers is around trust and convenience. At this year’s Summit, we’ll be outlining the key elements involved in building consumer trust and making sales, from website hosting and site speed optimisation, to building a social media presence and streamlining deliveries.”

To register for the free event, visit www.insaka.co.za/summit.

]]> Recover, Rebuild, Restart – Recovery for Small Businesses in South Africa https://smesouthafrica.co.za/recover-rebuild-restart/ Fri, 13 May 2022 07:21:25 +0000 https://www.smesouthafrica.co.za/?p=50979

For a long time, small businesses in South Africa have been affected by many ecosystem changes. From the Durban unrest to the floods, on top of the pandemic, small businesses are struggling to survive.

As such, Standard Bank came together with Thundafund and partnered to provide businesses a means to recover, rebuild and restart through resourceful crowdfunding. Crowdfunding is the act of raising small amounts of funds from a large group of people, very much like an online Stokvel.

Businesses joining this initiative get the chance to get R 50,000 worth of funding to rebuild themselves.

What Benefits Do You Get As A Business?

  1. Crowdfunding is a great way to shout about your business to the crowd. For every one person who funds your campaign, then that means one more customer who knows about your business. This is great marketing.
  2. Becoming part of this initiative gives you credibility in the market. You get to enjoy the publicity of being featured on the Thundafund Social Media, which gets you noticed.
  3. R 50,000 free is available to you. This means for each R 1 you raise you get R 1 totally free up to a maximum of R 50,000 just to boost your business.

Who is Eligible?

If you are a business owner, living in South Africa and over the age of 18 years, then you can definitely participate in this initiative. Moreover, you will have to fill in a simple form to know if you qualify.

How it Works?

  1. Head to the form here and fill out.
  2. Begin setting up your campaign at Thundafund by signing up here. Submit your campaign and go live.
  3. Raise funds on the Thundafund platform. For each R 1 you raise, you’ll receive R 1 free to a maximum of R 50,000.
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Phishing Awareness – Essential Steps To Protect Your Brand Online https://smesouthafrica.co.za/phishing-awareness-essential-steps-to-protect-your-brand-online/ Thu, 28 Apr 2022 22:00:32 +0000 https://www.smesouthafrica.co.za/?p=50805

Every SME knows the sheer amount of effort and sustained commitment required to build your brand successfully. The vast majority of our time and effort goes into ensuring product quality, managing our team, fostering excellent customer service, and running various marketing campaigns, this is to name but a few of the plates that the average entrepreneur needs to spin in order to run their business.

It’s understandable that, inevitably, some of these plates get dropped. Some may never have been spinning in the first place and could have caused damage to your brand you’re not even aware of yet. The phishing and smishing information outlined below is worthy of an entire book on the subject but it takes only a few minutes of your time to familiarise yourself with the core concept and become a better defender of your brand in the process.

Phishing and Smishing – What is it?

You might not be familiar with these terms, but you need to be. They refer to cyber-crime which targets victims via email, phone and text messaging services. The typical set-up involves the scammer pretending to be someone they’re not, usually a well-known brand that has been trading and advertising for many years.

The scammer then encourages a victim to engage with them, usually by clicking a website link embedded in their message. Of course the link the victim clicks has nothing to do with the ‘real’ brand and instead they are directed to a website designed to mimic the real site and capture personal information such as banking details etc.

As your brand grows in popularity it becomes an increasingly lucrative target for criminals to ‘identity theft’ as the trust-worthy face of their scam.

How do you protect against it?

Ideally the would-be victim is tech savvy enough to easily identify most of these scams. The ploys often vary in their level of sophistication, with many being of such low effort that the scammer relies on a huge volume of messages sent to snare only a tiny percentage of victims.

Unfortunately we cannot exclusively rely on the experience and scepticism of the people targeted by these scam messages, we need to be proactive in our defence, which we have summarised into key areas:

Prioritise the safety of your customer’s data. 

The most important step to protecting your brand is to protect your customers. Encrypting user data, regular software updates, minimising data availability and differentiating between information to be ‘stored’ versus ‘verified’ are all crucial factors. This guide from Decibel lists nine of the best practices for keeping your customer data secure.

In the majority of cases if you are doing this step correctly then your customer’s private information will be safe. The problem is, just because their information is safe on your site doesn’t mean their information is safe everywhere. Often a victim’s personal contact information has been leaked from a different source.

The average web user has their digital information all over the web and it only takes one leak from a single source to end up on a ‘mailing hit list’.

Notify customers if you get wind of a scam.

So you’ve implemented the above step perfectly but through no fault of your own people (many of whom may never have dealt with your brand before!) are beginning to receive suspicious text messages and emails from a source claiming to be your brand.

The most dangerous scenario here is when victims are caught in the overlap. This refers to people with leaked contact who have been targeted by a scammer AND have also, by pure coincidence, also been a customer of yours in the past. This overlap demographic are the most at risk as they are more likely to be receptive to a random message if it appears to be from a brand they’ve bought from before.

This is why it’s so important to notify your customer base when you realise your brand is being used as ‘the face’ of the scam. This is not a pleasant thing to do, it can panic customers and gives the impression that you are somehow at fault. It’s important first to verify that no data leak has occurred on your servers and then clearly and simply explain this fact to your customers.

Use your website, emailing list and social media platforms to raise awareness of the scam. Encourage customers to report any suspicious activity with a dedicated channel of communication for fraud such as fraud@yourbusiness.co.za. You can go a step further and publish examples of what the scam messages actually look like to help educate your customers what to look out for. You can see an example of this publishing strategy on the Wonga website.

Sharing as much information as possible is good. It demonstrates that the scam could come from many different devices and mediums. Publish known numbers and URLs that have been used by criminals. Make it as difficult as possible for them to continue to operate by keeping your own communications on their activity regularly updated.

Be on regular lookout for misuse of your brand, forever.

This final step should become part of your monthly digital maintenance for brand reputation. Google is your best friend here. It’s possible to perform search queries for your brand that only show results that have been published within the last 24 hours, week, month or year. Full instructions on how to do this can be found here. This means that you can easily keep abreast of the most recent pages indexed on the web that are mentioning your brand in some capacity.

You should apply the same approach to all major social channels as it’s becoming common for scammers to also develop fraudulent brand properties on Facebook, Twitter and Instagram. From personal experience it can take a long time to get these fraudulent social profiles removed once you have flagged them as fake identity, so the sooner you’re on this the better.

Accepting that this will be a regular and permanent part of your digital maintenance can be daunting but ultimately it will mean you’re better prepared and in position to make decisions quickly should something untoward occur.

Best of luck out there and stay safe!

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Turn your side hustle into your real hustle https://smesouthafrica.co.za/turn-your-side-hustle-into-your-real-hustle/ Mon, 25 Apr 2022 08:13:45 +0000 https://www.smesouthafrica.co.za/?p=50786

Many South Africans have started side hustles during the COVID-19 pandemic to make extra money.

If you are one of these people, you may be considering transforming this into a full-time business.

Some of the most successful businesses in the country began as side hustles, thanks largely to South Africans passionate about making a difference.

For example, bio-scientists Andile Gcaza and Phetole Raseropo founded Evergrow after being frustrated at how expensive healthy foods were in supermarkets. Evergrow sells high-yield, fast-turnover vegetable seedlings to small-scale and subsistence farmers in rural and peri-urban communities.

They didn’t have money, tools, or resources to start Evergrow, but they saw a problem and found a way to solve it using these four steps:

  1. Start with a seed – Have a problem to solve.
  2. Plant the seed – Find a customer willing to pay for the problem to be fixed.
  3. Nurture its growth – Seedlings need the right amount of water and sunlight to germinate. What comes next in your business depends on how well you nurture it.
  4. Learn as you grow – Starting a business is five times harder than you think it will be, but the rewards are worth every sacrifice and failure.

If you have a side hustle, you’ve probably already done the first two steps. Now it is time to move to steps three and four.

Starting your business

If you want to turn your side hustle into a fully-fledged business, you should first decide on your business’s structure. This includes determining how the company will operate. Will you trade as a sole proprietor, or will you be a registered company?

Each of these options offers unique pros and cons, and the better option will depend on the nature of your business.

You then need to formalise the details of your business. What is its name? Where will you operate from? What will you name your website?

Depending on the industry you are operating in, you may also need to register with the appropriate regulatory body.

Get the right software

Once you have made these decisions, you should look for the best software to help achieve your goals.

This includes having an effective accounting and payroll solution to streamline your financial processes, including invoicing, cash flow management, supplier payments, VAT returns, and employee payments.

This is where Sage steps in, offering the best cloud-based accounting and payroll software solutions for small businesses.

Sage Business Cloud makes it easy for you to process payments and financial transactions.

This lets you focus on your day-to-day business tasks rather than spending hours trying to perform your financial tasks manually.

Click here to learn more about Sage’s small business solutions.

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Boost your business growth with cloud automation from Sage https://smesouthafrica.co.za/boost-your-business-growth-with-cloud-automation-from-sage/ Tue, 12 Apr 2022 13:29:08 +0000 https://www.smesouthafrica.co.za/?p=50717

Financial management solutions from Sage can supercharge your business growth by automating your accounting processes and reducing your costs.

This provides many benefits, including easy remote working, efficient financial management, reduced labour costs, better collaboration, and in-depth analysis thanks to data availability.

Benefits of cloud automation

The adoption of cloud accounting solutions like those from Sage has increased significantly in recent years, with businesses enjoying time-saving and financial benefits as a result.

For example, Sage offers cloud-based accounting solutions that use automation for complex processes to reduce your project close times by almost 80%.

It does this by combining your financial data into a single platform that is easy to access and navigate.

This allows for effortless data analysis, speedy report generation, and accurate expense tracking.

With this information so readily available, employees can also make informed decisions, identify inefficiencies in their daily operations and find ways of reducing their expenses.

Additionally, this increased efficiency boosts employee morale by reducing manual tasks they need to complete, allowing them to focus on business-critical tasks and company growth.

Sage research shows that its accounting solutions increase your finance team’s productivity by over 40%, which is evidence of the incredible value its products provide.

How Sage and FNB customers benefit from direct integration

With things moving at the speed of light, it’s important that you can run your business with as little hassle as possible. But you also need security and efficiency.

Sage and First National Bank (FNB) customers can now transfer their bank accounts’ financial transaction history automatically and securely to their Sage accounting solutions via FNB Direct Bank Feeds.

This provides enhanced security and better functionality to small businesses compared to the current indirect bank feed option.

“The Sage platform provides FNB customers with a secure and efficient method of integrating their bank account transactions into their accounting software”, said SME Segment Head at FNB, Jesse Weinberg.

If you’d like to benefit from the impressive features provided by Sage accounting cloud solutions, click here to learn more.

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INNOVATION Born in the CLOUD – SAP Business ByDesign https://smesouthafrica.co.za/cloud-sap-business-bydesign/ Fri, 23 Jul 2021 13:17:11 +0000 https://www.smesouthafrica.co.za/?p=49268

The following content is sponsored by SAP.

INNOVATION Born in the CLOUD – SAP Business ByDesign

Your Business can become sustainable & prosperous with SAP Business ByDesign

Has your company grown so quickly that your departments and business processes are hardly integrated? Are these growing pains preventing your employees from collaborating effectively with external stakeholders? Perhaps you also have inadequate insights into data that can help you make decisions and identify potential problems before they crop up. Not to mention the tedious manual processes slowing your employees down!

You can now resolve these challenges, as your business grows, with SAP’s Cloud Solution for growing businesses. SAP Business ByDesign is an innovative solution developed specifically with rapid growing SMEs in mind – the solution promotes quick, efficient implementation and operation for SME users.

READY, when you are! Let’s see how:

SAP Business ByDesign is an on-demand, integrated business software for small businesses and mid-sized enterprises looking for a comprehensive CLOUD solution providing the functions you want – at an affordable price. It provides end-to-end integration of all your key business areas – such as Finance, Customer Relationship Management, Project Management, Supply Chain Management, Procurement and Human Resources – in a single comprehensive solution, thereby allowing you to manage your company’s key processes with a high degree of precision. It also provides you flexibility you need to adapt, grow, and extend your business processes across the entire value chain and ecosystem.

Since SAP Business ByDesign updates automatically and performs tests and maintenance routes on its own, your company can fully focus on its core business function. Respond to new business requirements by configuring your solution online – it’s fast, efficient, and accessible anytime!

Support your employees in key business areas today!

  • Optimize financial processes, including financial accounting and cash flow management.
  • Focus on your customers in marketing, sales and distribution and service.
  • Promote and use employee potential through organizational management, HR activities and employee self-services.
  • Integrate production and logistics in supply chain structuring, planning, and management and manufacturing, warehousing, and logistics.
  • Fulfill compliance with applicable laws and standards.
  • Achieve your company’s goals through corporate performance management.

Get Business Software that has you covered, NOW and in the Future.

SAP Business ByDesign can help you turn challenges into opportunities. See how you can take advantage of the change, build networks, and develop the confidence to take on larger competitors, even as you reduce your expenses.

Gain extensive insights into your growing company with built-in analytics functions providing you a 360-degree view of your business. SAP Business ByDesign provides you with the tools to quickly make adjustments that can provide an edge over your competition.

The SAP Business ByDesign is a business solution ready-made for your company with standardized automation and integration based on your industries best practices.

Why SAP Business ByDesign?

  • Unbeatable Value
  • Unprecedented Speed
  • Unmatched Flexibility
  • Superior Customer Experience
  • Unrivaled Transparency and Control
  • Simple, Rapid Configuration and Adaptation
  • Predictable Cost and Low Risk

Sit back and learn how perfect this solution is for your business.

What are you waiting for?

To find out more about SAP Business ByDesign – and how it can help your organization operate beyond business boundaries, visit SAPAfrica.com/ByDesign

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