ThriveCFO Announces Acquisition Of HR Consultancy – HRSpot
ThriveCFO Announces Acquisition Of HR Consultancy – HRSpot. ThriveCFO is proud to announce that as of 1 October 2022, it has acquired HRSpot (Pty) Ltd. This acquisition stemmed from a constant focus to increase the range as well as the quality of financial services that ThriveCFO offers its clients in the SME space.
“Human capital is the prime asset of a business; therefore, the integration of financial – and intellectual capital is crucial. The integrated cooperation between HRSpot and ThriveCFO ensures that we can provide our clients with a holistic experience that encompasses all our client’s needs, we are, after all, Business Driven, People Focused”. – Carina Robberts, HRSpot MD.
The company has seen the need for a more proactive approach to HR over the last 14 years of advising clients on all things finance, says Luan van Rhyn, CEO of ThriveCFO. “Even though we have a fairly good knowledge of the HR regulations, clients usually only contact us once there is some sort of challenge to be sorted out,” Luan adds. The HRSpot team provides a consultative service and constantly guides and monitors their clients’ efforts, to not only remain compliant but to also engage their staff in a much more proactive manner. Luan mentions that this synergy in the two company’s respective business models was one of the key decisions to join forces.
Even though HR is a very focused service, Luan has found during 20 years in this space, that clients significantly underestimate how integrated HR is, says Carina Robberts, MD of HRSpot. Almost every decision the company makes during a Human Resource consultation or implementation, affects the financials of the business, at some or other level. It has typically found this to be quite challenging in the past, as accounting and finance is not necessarily the company’s forte.
SME clients can look forward to a more integrated, holistic service from the company’s joint efforts. Gone are the days of receiving services and advice in silos, trying to figure out what the big-picture impact is going to be. HRSpot takes care of all its clients’ HR compliance, advises on- and implements Employment Equity plans, Workplace Skills plans, and recruits its next rockstar, to name but a few.
