Traditionally, accounting is purely based on a combination of manual and/or electronic system approach. Experience and skillfulness of an individual accountant are critical in the traditional accounting processes. The biggest disadvantage of the traditional approach is the ineffective and inefficient practices embedded in the system. A modern approach to accounting employs accounting information systems (AIS) to resolve many of the issues incurred in the traditional approach and business management in general. AIS support an automation of processing a large amount of data and produce timely and reliable reports to support the business decision process.
We at ECM Group have adopted a modern approach to accounting and bookkeeping which utilises the state of the art accounting information system integrated together with Credit Management, Marketing, Asset Management, etc. Our solution(s) takes away from you the hassle of preparing financial records and reporting thereby allowing you to focus on the core of your business and operations. We offer two options depending on your business circumstances, namely outsourced or co-sourced service offering.
As a standard, we will grant you basic access to our financial system and business intelligence to support your business operations and decision-making process based on your needs.
The outsourced offering is dependent on the scope of work required by the client. As a standard offering on our outsourced offering, we will grant you access to our accounting system Palladium or Acumatica which will enable you to:
We will provide dedicated resources to work with you based on the terms and conditions agreed between us. We will provide the right resource for the work at hand and state of the art system to meet and exceed your expectations.
Do you to assess your current arrangements and approach to accounting and bookkeeping? We invite you to set an appointment with us to discuss your needs and the possible solution now. [Book an appointment now]
Markets in Africa are becoming increasingly competitive as foreign businesses expand their operations across South Africa and the rest of the African continent. To survive this modern business world, businesses need to be efficient and effective. Productivity and profits typically go hand in hand and yet, many companies still manage their Payroll and HR processes in an inefficient and/or ineffective manner.
We understand that managing HR and Payroll functions within the modern day business environment can be very challenging coupled with the risk of non-compliance with laws and regulations.
We at ECM Group have the right solution to take care of the challenge pose by HR and Payroll including Time and Attendance management. Depending on your requirements our solutions can be provided in different forms such as self-service, outsourced or co-sourced.
Our Payroll and HR solution and/or system help modernise your business process and enable your team to achieve more in less time. Here are the important benefits of our solution:
1. You save time
With our HR and Payroll system, your company's employees can directly access their work and personal data online whenever they need to. The information is readily available to them 24/7 from any mobile device. They no longer have to contact you to find out if a leave request has been approved or to request a payslip for bank or insurance purposes.
2. You can access information quickly
Employees and their managers can instantly access the information they need without having to go through the HR department. Team leaders who may be based in the office, or travelling to clients or a different office to their reporting staff can use the self-service portal to view or assign certain tasks and track progress. The staff's leave balances, payslips, performance reports and claims are all directly accessible. This means that management and HR team can focus on more strategic projects like the company expansion plan and succession planning, without getting constantly interrupted with requests.
We offer the following HR and Payroll Solutions amongst others:
Outsourced or Co-sourced HR Services;
HR Consulting & Support Services;
Workforce Management and Budgeting;
Skills Development, Succession Planning and Talent Management;
Compliance and Labour Relations;
Employment Equity and Transformation Services;
Risk Assessments, Compliance Reviews and HR Audits;
HR Technology and Tools Advisory and Implementation;
Performance Management Services (PMS);
Outsourced or co-sourced Payroll Services;
HR Planning & Policy Development;
Integrated Employee Wellness Solutions;
Corporate Training, etc.
What are the benefits of outsourcing your payroll?
It frees up time and resources at your entity to focus more on core business and operations;
It gives you access to more technology and expertise to perform payroll well;
It reduces costs of maintaining system, training staff and the related payroll risks;
Improves compliance and internal controls;
Interested in signing up or finding out more information? Talk to us now
3. Say goodbye to paperwork
Our system is paperless and accessible online and can record employee leave, training schedules, expense claims and payslips. HR and Payroll teams no longer need to manage this manually. Timesheets can be updated and submitted electronically and an online calendar can house your entire company's leave and training schedule for easy viewing.
Thinking of exploring our HR and Payroll Solutions, contact us now.
Traditionally small to medium size businesses do not have budgets to implement sophisticated accounting systems and tools to streamline back-office operations and management reporting. The well established big business often choose ERP systems which are designed to support all accounting functions and activities including auditing, financial reporting, managerial accounting and tax amongst other things.
We are proud to bring the ERP System to all businesses regardless of their size and complexity at highly affordable and competitive prices. Our ERP Solution, Palladium Accounting, and Accumatica are certified as Gold Microsoft Partners well developed using the latest Microsoft technologies in the .Net environment and optimizes the MS SQL Server database.
Our strength lies in our diversity and ability to adapt systems and processes to suit the precise requirements of our customers' businesses. The product itself boasts many leading features that set us apart from our competitors.
Our ERP Software is Microsoft Windows 10 and Microsoft SQL Server 2016 Certified and has also been Accredited by the ICB (Institute of Certified Bookkeepers), as well as the South African Institute for Business Accountants (SAIBA). The software was evaluated and endorsed by the South African Institute of Chartered Accountants (SAICA) and is used by the Institute of Internal Auditors South Africa and others.
Some of the Businesses that use Palladium Software
We also provide specialised business software for various applications such as:
Are you looking for a specific business software solution? Let's talk about it and see how we can help with the right solution.
Assets are things of value to an entity or group. It applies to both tangible assets (such as buildings, motor vehicles) and intangible assets (such as human capital, intellectual property, goodwill and/or financial assets). Assets are expensive to acquire, create, operate, protect and maintain. Assets are at the heart of the success of an entity and represent a material cost or value of the entity.
Given the material role assets play towards the achievement of business objectives, we assist our clients to manage assets by the provision of the following services:
Asset planning/management strategy formulation;
Asset policy and procedures development and implementation;
Asset tracing, tracking and verification;
Asset management system or software;
Strategic asset sourcing and procurement support;
Asset management bureau or control centre;
Asset Register compilation and reconciliation;
Asset Management Audit Review;
Maintenance and repair management;
Fleet and Machinery Management Maintenance & GPS Tracking; etc.
Many organisations have recognized the importance of good corporate governance, strong internal control system, and an effective risk management system. The ever-changing compliance and governance landscape raises the challenge of forcing businesses to ensure that their internal audit functions are effective and efficient. On the other hand, there is pressure for the internal audit and risk management functions to add value and improve the system of internal control in the ever-changing business environment.
Internal Audit Services:
Given the pressure and demands placed on Internal Audit functions, it's a necessity to capacitate the functions with appropriate technical skills to meet the demands and quality standards. However many Internal Audit functions have skills gap resulting in less focus being placed on the audit of core operations, instead, annual audit plans predominately focus on support functions such as HR, Procurement, Communication, etc. exposing their entity's to increased business risk. We at ECM Group are ready and prepared to assist close the gaps/weaknesses in the provision of the following Internal Audit services:
Risk Management Services:
Companies need to undertake opportunities to pursue the achievement of business objectives. The pursuit of business opportunities comes with risk. Therefore the company needs to manage the pursuit of risks that generate the greatest opportunities for the business. We at ECM Group assist the companies to do this by offering the following services:
Compliance Management Services:
We use a state of the art GRC System for our Compliance, Risk Management, Environmental Management, Occupational Health and Safety system called IsoMetrix. IsoMetrix brings together, in a single system, all your requirements for managing business risk, legal compliance, governance and sustainability.
Optimise your business compliance levels using a system that provides an over-arching solution for all elements of GRC, from Health, Safety, Environment and Community to Enterprise Risk Management, Sustainability, Primary Healthcare and Wellness, and Social Management.