The main question that BEE implementers have today is how to improve their score while dedicating as less effort as possible to the process.

 

EconoBEE, South Africa's leading BEE consultancy, provides a perfect answer to this question. The answer comes in the form of a web-based record keeping system. This system is accessed through login details that one can use on any computer with internet access. Once logged in, the company can capture any detail of B-BBEE activities as they happen as well as documentation for proof.

Our Econolog system helps improve the B-BBEE scorecard points through the following benefits:

 

• Captures documentation for proof of B-BBEE activities.
  
  You might have donated to a charity but had no safe way of storing the receipt or the letter of acknowledgement from the charitable organization. If the company made donations of old computers to a charity for instance, proof may be in the form of pictures taken at the hand-over ceremony. Without proof a company is not credited with any point towards the scorecard.

 

• Updated scorecard.
  
  Individuals responsible for capturing B-BBEE activities usually have other duties in the company. It happens often that they forget to capture some of the activities that can earn the company points on the scorecard because they will be too busy. A forgotten million rands spend on enterprise development for instance can cost the company valuable points.

 

• Easy and less tiresome to work with.
  
  Keeping files in the form of hard copy may prove difficult when you want to check for proof of B-BBEE related activities. B-BBEE might end up being an irritation if you do not have an efficient and effective system in place. The result is that the company will end up neglecting their scorecard.

 

• Quick support from consultant.
  
  There is easy interaction between the company and a consultant since both have access to the web-based system. When a company makes input into the system, the changes can be viewed by a support consultant and vice versa. This way it becomes easy for the consultant to give support to the company. Traveling costs from the company's point of view will be significantly reduced. Even when you are not looking at your scorecard, we are constantly.
  
  Whenever you get stuck as you work on your scorecard or any B-BBEE related matter you can call or email a consultant for assistance. This way you cut on your time spend looking at B-BBEE issues.
  
  A consultant can feed information into the system on behalf of the company and also makes sure the information entered by the company is correct. The consultant has a lot of time dedicated to assisting the company. Through his/her experience accuracy is ensured so that the company always enter the right information into the system.

 

• Training.
  
  Access to training on using the system and B-BBEE related matters. From time to time there will be new developments to the B-BBEE Act or the codes. One needs to remain up to date through training. An example would be where a charter is gazetted in your industry. The consultant will be keeping track of the events and can assist you by informing you of the best ways to adapt to the changes. Through training the client gets an opportunity to ask questions on issues surrounding B-BBEE. This way the client-company gets more knowledgeable about B-BBEE and can best carry out self-assessment.

 

• Detailed reports.
  
  The system provides detailed reports on all aspects of your B-BBEE scorecard, even indicating the points you have earned. Reports can be used to trace B-BBEE related events and progress on a scorecard. If there is a new person handling B-BBEE matters in your company they can refer to the reports so that they know what has been going on in the company with regard to B-BBEE. The company can improve on the scorecard better when there is history about the progress.

 

End result

Using our Econolog system the end result is an authentic self-assessed scorecard with a good score within a shorter period. Records are safely kept. Even if there is a problem in your computer network you are assured that your information is not lost. Our web-based system ensures that you do not lose points that you deserve. It is the best tool for self-assessment.

 

We strategicly assist companies earn more BEE points.