Business Administration. You get 24 hour service to keep your business productive and 100% optimally operational
Your business administration is vital in in the management of your employees and business . Requiring time, expertise, and attention to detail. Our comprehensive suite of Business Administration services is designed to support you in all your vital business areas, allowing you to focus on your number one core operations 24 hours without worries.
Whether you need assistance with general business administration, creating environmental, social, and governance reports, managing financial matters, ensuring legal compliance, analysing business performance, or planning for business succession, our team of experienced professionals is here to help you. Explore our services below to see how we can support you enhance and empower your business’s growth and success.
Environmental, Social and Governance (ESG) Reports
Environmental, Social, and Governance (ESG) Reports are a critical part of our service offerings under Business Administration. ESG Reports are a reflection of a company’s commitment to sustainable and responsible operations. These reports encompass three key factors: 24 hour service to keep you productive and 100% optimally operational
1. Environmental: This aspect focuses on a company’s impact on the environment, including its efforts towards reducing carbon footprint, managing waste effectively, and promoting biodiversity.
2. Social: This dimension looks at how a company manages relationships with its employees, suppliers, customers, and the communities where it operates. It includes aspects like employee health and safety, diversity and inclusion, and consumer protection.
3. Governance: This pertains to a company’s leadership, executive pay, audits, internal controls, and shareholder rights. It essentially evaluates the company’s corporate culture, ethics, and structure.
Our Business Administration service involves helping companies compile these reports, which provide a comprehensive overview of their ESG performance. This not only helps in maintaining regulatory compliance but also enhances their reputation among stakeholders, making them more attractive to investors. ESG Reports have become an essential tool for investors to assess the long-term sustainability and ethical impact of their investments.
By offering this service, we assist companies in aligning their operations with globally recognised sustainability standards, thereby contributing to their overall growth and success in the long run.
Refer to our article on ESG for more information.
Business Administration in Financial Management
Final notice for payment of goods delivered or services rendered
On the first Final Demand for Payment notification, a full recon of outstanding invoices, amounts, past due dates, and the total outstanding is to be provided. Interest accrued is listed at the current bank rate plus 2% or a percentage of choice. A report is to be presented of all attempts to make contact via calls, emails, and documents along with the promises to pay details and defaults. Show the cost that these attempts have accumulated and when the amount is due for payment.
A payment plan might be suggested giving amounts and due dates. Should this be an ongoing account, mention is to be made that current invoices are due and payable over and above the payment arrangement amounts. If a payment arrangement is not involved, a date for full and final payment of the default amount is to be advised. Details of further action or voluntary return of goods for default of payment is to be stipulated.
Handover details are to be advised should the payment not be made on or before the agreed date. In a case where the account is handed over for collection, the Legal Firm or Debt Collection Company details are to be supplied to the defaulter. All further payments by the defaulter are to be made to the Legal Firm or Debt Collection Company who will charge their fees to the defaulter over and above the capital amount handed over. The defaulter might choose to do a voluntary repossession and/or stock return.
Repayment plan for payment of goods delivered or services rendered
Should a payment plan be entered into a full reconciliation is to be presented giving amounts and due dates. Should this be an ongoing account, mention is to be made that current invoices are due and payable over and above the payment arrangement amounts. Should the payments not be made as per the repayment dates, the account will be suspended and handed over for collection. The defaulter might choose to do a voluntary repossession and/or stock return.
Voluntary Repossession and /or Stock Return Agreement
A full recon of outstanding invoices, amounts, past due dates, and the total outstanding is to be provided to the defaulter. State that goods are being returned in good faith, credits will be processed for goods received in good re-saleable order, the goods not able to be resold will remain payable in full by the defaulter. A new recon is to be provided of credits processed and the amount remaining for immediate payment to avoid the account being handed over.
Overseeing and assisting drawing up correspondence, legal, personal for managers, suppliers, vendors, personnel, and all Company related.
Compliance and Legal
POPIA compliance and maintenance
Companies should appoint an information administrator, usually a POPIA trained HR manager, to limit the use of and ensure the protection of personal, company, financial, identity, privacy theft, damage, or deletion. It is a fundamental right of all people for these to be protected. Any personal information disclosed must be authorised by the holder and a consent form must be signed stating what information may and may not be used or disclosed.
All information given to a company, person, or any 3rd party is by obligation and lawfully to be protected from malicious use. POPIA compliance documents should be reviewed frequently, must be reasonable and appropriate and must be enforceable. Section 26 of the POPI Act “special personal information” relates to religious or philosophical beliefs, race or ethnic origin, trade union membership, political persuasion, health or sex life and biometric information. Document wording is subject to the customers’ requirements.
Succession Planning
Succession Planning is good sound financially practice for the company by promoting employees that the company has paid to train up from lower positions and given more responsibility to. In doing so the company creates a pool of employees to take over positions when some retire, resign, are dismissed etc…You want to retain your employees once training has been paid for as they have the Intellectual Properties required to build the company and have invaluable abilities to save revenue by training junior employees. A good manager will always delegate and grow their colleague’s knowledge for the good of the company.
