EDUCATION INDUSTRY
Cyber Threats: Top Hackers threatening Higher Education Institutions right now!
Who are these gold miners, and what do they have to gain?
Services
Advisory services
-
Digital and Analytics
We have developed distinctive capabilities in digital advisory and data analytics that are key to the success of dynamic organisations.
-
Business Consulting
Our business consulting services help organisations improve operational performance and productivity throughout the growth life cycle.
-
Corporate Finance & Restructuring
We combine our insights and experience to provide a comprehensive range of advisory and corporate finance and restructuring solutions.
-
Internal Audit
Our internal audit service is designed to provide both assurance and consulting assistance on the adequacy and effectiveness of an organisation’s system of internal controls.
-
Business Risk Services
Our service is focused on enabling broader risk coverage and proactive management of risks for the achievement of organisational strategy.
-
Business Process Solutions
We work with a multitude of organizations to improve their finance function efficiency, reduce costs associated with business processes and provide a complete solution to the challenge faced by South African organizations.
-
Programme Assurance & Advisory
Our aim is to protect shareholder value by providing Assurance and Advisory services on change portfolios and large-scale programmes to assist organisations.
-
Forensic Services
Our forensic capability is integrated with our wider advisory services – not an add-on.
-
Cyber Advisory
Our Cyber Advisory service is designed to help you identify, protect, detect, respond and recover from cyber-attacks.
-
IT Advisory Services
We help clients to navigate the complexities and provide you with robust independent assurance that your IT risks, key management priorities and core systems are being appropriately managed.
-
SNG ARGEN
We have a dynamic actuarial team set to assist businesses to comply with the audit standards where actuarial services are required.
Assurance services
-
General Audit
We provide a sound statutory audit of financial statements specialising in both listed entities and state-owned organisations.
-
Financial Services Group (FSG)
The Financial Services Group (FSG) offers specialised audit and advisory solutions to the banking, treasury and financial services sectors.
-
Technical Excellence
We have a well-established specialized technical division, with in-depth, local and international knowledge and experience, which consists of three units namely; Accounting, Audit and Sustainability reporting.
Tax Advisory services
-
Corporate Tax
We offer your business access to a global network of tax specialists in over 130 countries with extensive corporate tax technical skills to provide meaningful advice and adding value to your organization.
-
Value-Added Tax
We can manage your overall exposure to indirect taxes, guide you through complex South African Value-Added Tax (VAT) legislation.
-
Global Mobility
Taxes can be complicated, but the SNG Grant Thornton approach is to assist the new assignee with a clear and easy process.
-
Customs and Excise Tax
Our Customs and Excise team assist traders with driving cost-effective supply chains while maintaining legitimate trade.
-
Tax Technology
This is the lynchpin of our tax audit and advisory approach in making the tax function of our clients effective in data management tools.
-
International Tax & Transfer Pricing
Our team is ideally suited to serve large multinationals and other global companies that need on the ground expertise in multiple jurisdictions, given our extensive network of offices around the globe.
-
Specific Focus Areas
We have a team of dedicated tax specialists with deep knowledge to bring practical and cost-effective tax solutions to our clients and assist entities operating within these sectors to effectively manage their tax needs.
Industry Hub
We combine deep industry expertise with newly uncovered insight to offer you long term solutions that are both illuminating and actionable for your company's...
With our forward-thinking approach, we can help you identify business risks and potential obstacles and help clients leverage legacy and emerging technologies...
We offer specialised audit and advisory solutions to the banking, treasury, and other financial services sectors.
We at SNG Grant Thornton are uniquely placed to provide proactive service delivery and expertise that is locally focused in the longer term to help your...
Our team possess a wealth of expertise and a strong record in this industry to bring you pragmatic solutions that are realistic and sustainable
We assist both public and private sector organizations to adapt to the shifting tourism environment.
We know that every organisation is different. We offer your organisation advice and tailored solutions based on our Education Sector expertise to meet its...
-
Business Consulting
We provide fit-for-purpose solutions to address major challenges the Education sector faces by supporting our clients.
-
Employees’ Tax Services
Its important to ensure that the institution complies with the tax legislation and that all payroll records are accurate and complete.
-
Programme Assurance & Advisory
The need for sound project management and effective solution delivery gives you the edge in competitive markets.
-
Forensic Services
Fraud detection review and forensic investigation for Higher Education
-
Digital and Analytics
The digitalisation of processes within the higher education sector leads to increased data generation. This data can be an essential asset when leveraged correctly.
-
Cyber Security Services
There is no one-size-fits-all security solution to preventing all attacks, but we have cybersecurity strategies that education institutions can use to minimise cyber threats.
Related insights:
|
1 min read
|
03 Oct 2022
How are you ensuring your organisation is sustainable for the future?
-
Sustainable Development Goals (SGDs)
SDG Impact Standards Training Course
CLOUD ACCOUNTING
The Future of Accounting: Embracing Cloud-Based Apps and AI for an Advisory Edge to help SME’s grow
In the dynamic world of business, small businesses are constantly seeking innovative ways to streamline operations, enhance efficiency, and gain a competitive edge.
In this article
Cloud-based accounting applications and artificial intelligence (AI) have emerged as transformative forces, offering small businesses a powerful toolkit to optimize their financial processes and achieve operational excellence.
Streamlined Accounting and Bookkeeping: Unleashing the Power of Cloud-Based Apps
Cloud-based accounting applications have revolutionized the way small businesses manage their finances. These solutions offer real-time access to financial data, enabling businesses to effortlessly track income and expenses, generate reports, and manage cash flow. By eliminating the need for manual data entry and reconciliation, cloud accounting frees up valuable time and resources, allowing business owners to focus on strategic decision-making.
AI is further enhancing the capabilities of cloud-based accounting applications. AI-powered features can automatically categorize transactions, identify potential errors, and provide real-time financial insights. This automation reduces the risk of human error and empowers business owners to make informed decisions based on accurate and up-to-date data.
Automated Invoice Processing: Eliminating Tedious Tasks and Improving Efficiency
Automated invoice processing systems are revolutionizing the way small businesses handle invoices in the Cloud. These systems utilize AI to extract data from invoices, including vendor information, invoice amounts, and due dates. This extracted data is then automatically entered into the company's accounting system, eliminating the need for manual data entry.
Invoice automation systems not only save time but also reduce the risk of errors, ensuring that invoices are processed efficiently and accurately. This contributes to improved cash flow management and reduces the time it takes to pay vendors, leading to stronger relationships and improved business operations.
Data-Driven Insights: Empowering Data-Driven Decision-Making
Financial analytics platforms in the cloud, empower small businesses to gain deeper insights into their financial data. Syft uses AI to analyze financial trends, identify patterns, and predict future performance. This information can be used to make informed decisions about pricing, inventory management, marketing strategies, and more.
AI-powered analytics can also help small businesses identify potential risks and opportunities. For example, AI can be used to identify customers who are at risk of churn or to predict sales trends that may require adjustments to inventory levels. This proactive approach allows businesses to take timely action and mitigate potential losses or capitalize on emerging opportunities.
Improved Customer and Cash Flow Management: Driving Business Growth
Cloud-based accounting and AI can also help small businesses improve customer and cash flow management. For instance, cloud accounting software can be used to automate invoicing and payment reminders, ensuring that customers are billed promptly, and payments are received on time. This streamlined process contributes to improved cash flow and reduces the risk of late payments or delinquent accounts.
AI can also be utilized to identify potential cash flow problems and predict future cash needs. This information can help businesses make informed decisions about borrowing money, adjusting their spending habits, or exploring alternative financing options. By proactively managing cash flow, businesses can avoid financial setbacks and ensure they have the resources to support their growth objectives.
Enhanced Marketing Strategies: Data-Driven Marketing for Maximum ROI
AI-powered analytics can also help small businesses optimize their marketing strategies. By analyzing customer data and financial trends, businesses can gain insights into customer behaviour and make data-driven decisions about marketing campaigns. AI can also be used to personalize marketing campaigns and target specific customer segments, ensuring that marketing efforts are focused and effective. This data-driven approach can lead to higher return on investment (ROI) and improved customer engagement.
Embracing the Future of Accounting: From Number Cruncher to Strategic Advisor
The future of accounting is moving towards an advisory role, where accountants transition from manual data entry and bookkeeping tasks to providing strategic guidance and insights to businesses. It is therefore crucial to make sure your accountant understands the latest trends in this technology. Cloud-based accounting applications and AI are playing a crucial role in this transformation by automating mundane tasks and freeing up accountants' time to focus on value-added services to help small businesses grow.
As AI continues to evolve, we can expect even more innovative applications that will further empower accountants to provide comprehensive financial advice, assist with strategic planning, and help businesses make informed decisions that drive growth and success.
By embracing these technologies and adapting to the changing landscape of accounting, accountants can establish themselves as trusted advisors and play a pivotal role in the future of small businesses.
Authors
