The Technology Innovation Agency (TIA), is a schedule 3A public whose objective is to stimulate and intensify technological innovation in order to improve economic growth and the quality of life of all South Africans. The Agency invests in high-technology businesses and has implemented Sage Evolution to improve the quality of management information, streamline financial processes to comply with stringent government accounting and reporting standards. The solution was implemented by Bitachon Computer Consultants.
TIA’s core business objective is to support the development and commercialisation of competitive technology-based services and products. It first started looking for a new business solution when it was created from the merger of seven entities previously tasked with supporting and promoting innovation in the country. These entities were the Innovation Fund, Tshumisano Trust, Cape Biotech Trust, PlantBio Trust, LIFElab, BioPAD Trust, and the Advanced Manufacturing Technology Strategy (AMTS).
Because it is funded by the Department of Science & Technology, TIA must meet strict government regulations in terms of financial reporting and procurement. As it started to consider new business solutions, it decided that Sage Evolution would be a good fit since many of the former agencies consolidated into TIA were using Pastel Partner.
“Our users already knew the Pastel interface and we were comfortable that Sage Evolution would be intuitive for them to use,” says Alvero Mpofu. The TIA’s Management Accountant. “In addition, Sage Evolution is fully compliant with the demands of the Public Finance Management Act and with government procurement regulations.”
The TIA implemented Sage Evolution for 50 users. The modules it is using include Fixed Assets, Advanced Procurement, CRM, Bank Manager and the Business Intelligence Centre The implementation process was smooth, says Mpofu.
“The solution has allowed us to consolidate information from all the former entities into one system,” he adds. “The Trusts were using different accounting standards, but we have now moved them all onto Generally Recognised Accounting Practice (GRAP). Sage Evolution has made it easy with us to comply with government reporting standards and procurement processes.”
The TIA also enjoys the way that the Business Intelligence Centre puts instant, high-quality reporting information at management’s fingertips, says Mpofu. “We are currently moving onto Version 7 – the new release of Sage Evolution – and I’m impressed with the simplicity and the logical process in the software,” he adds.
“With a range of strict laws, standards and regulations to comply with, public sector agencies need robust solutions customised to their needs,” says Lynette Snyders of Bitachon Computer Consultants. “Sage Evolution not only helps them ensure compliance, but gives management the information it needs to make better and faster decisions.”
“Supply chain management is one of the most heavily regulated and aggressively audited fields in the public sector,” says XX, DESIGNATION at Sage Pastel. “This requires a business software solution that caters for both operational functionality and statutory compliance. We have focused a great deal of effort on customising our solution to help our public sector clients meet the demands of the PFMA, MFMA and PPPFA.”