Technology is best solution for navigating new B-BBEE codes

Companies are faced with a huge task to quickly adapt to the refined Broad-Based Black Economic Empowerment Codes of Good Practice and avoid slipping in their ratings levels following the announcement of stringent new requirements by the Department of Trade and Industry this week.

But, says Bruce Rowe, head of B-BBEE software solutions provider Mpowered, companies can tap into a wealth of collective knowledge using technological solutions that simplify and automate many aspects of the BEE compliance process and enable companies to tap into the collective knowledge and insight of industry experts as well as the input of rating agencies such as Empowerdex and Empowerlogic.

Effortless and powerful expense tracking app for SMEs and consumers releases update

ExpenZa, the smartphone app that enables consumers and small businesses to effortlessly manage their finances by pulling data from bank SMSs, has been updated with powerful new features.

Incoming SMSs from banks can be categorised, allowing users to easily keep track of where their money is going to and then compare purchases for similar products between retailers, and an agreement with certain retailers means consumers can receive discount vouchers and coupons on specific products based on their purchase history, helping them save money on key items.

For small businesses, the app now offers the ability to export your transaction history from your phone to an Excel format for easy processing by the accounts team. By giving company owners a snapshot view of their finances, ExpenZa empowers them to make informed decisions and do proper forecasting – with minimal effort.