Financial
Statement
Automation

Our automated solution saves financial management time, audit time and provides our clients with high-quality financial statements.

With the rise in CFO and stakeholder expectations of financial reporting, AFS are now required quicker and more efficiently, to provide good financial insight for decision-making and meeting external reporting requirements. Adding to this is the need for XBRL compliance.

AFA not only prepares compliant and timely AFS, but also assists in improving the quality of financial reporting. Our team of automation experts have an excess of 10 years’ experience preparing financial statement (AFS) that are:

  • Delivered timely
  • IFRS and GRAP compliant
  • Improved quality financial reporting.

Our clients benefit from our managed solutions, strong finance knowledge, a discipline of execution, a cost-conscious approach and a commitment to making a meaningful difference and adding value.

We supplement our automated AFS solution with an IFRS or GRAP technical review to assist in your readiness to submit to the auditors.

Our aim is to provide you with a competitive edge in today’s demanding environment.

Benefits of
Automation

Compliance
Control
Efficiency

Benefits of Outsourcing Your AFS

Cost
Efficiency
Time Involved to Compile AFS

The AFS are prepared concurrently with the audit and year end close off process without impacting the clients’ day-to-day commitments.

Template Formats

AFA will be able to align various formats of the AFS across different entities to ensure consistency.

Review

The solution includes an accounting technical and quality review.

XBRL
Reporting

AFA’s XBRL solutions assist businesses with annual submissions to CIPC, which includes the new compulsory compliance checklist, improving compliance and reducing the burden of financial reporting.

Digital financial reporting processes are a best practice to achieve Standard Business Reporting (SBR). It is transforming the business world globally and innovative technology standards have gained traction in South Africa. Our XBRL solutions reduce the administrative load when submitting AFS and improve transparency.

Services

Testimonials