GI Outsourcing Announces Its Expansion To South Africa
GI Outsourcing Announces Its Expansion To South Africa. GI Outsourcing’s recent expansion into South Africa marks a significant milestone in its growth journey, which has seen the company double in size over the past two years, with momentum expected to continue, if not accelerate over the course of the next two years.
This expansion into South Africa is the latest addition to GI Outsourcing’s global presence is a new office just outside Johannesburg. This office is dedicated to delivering a comprehensive outsourced audit solution for accounting firms.
The Audit market has never been so challenged with resource constraints, increased regulation and inflation. The company recognised the need to help solve this dilemma and it believes it has gone a long way to creating an enviable solution for the market. What the company is doing is like nothing its clients will have experienced from an external provider. GI is all about innovation, it’s not just tried and tested, it’s evolved and tested! The company is uniquely able to do that through its group accountancy practices.
GI Outsourcing forms part of the Macalvins Group, with whom it often collaborates for training and to pilot new services. Macalvins Chartered Accountants is a registered PIE auditor. Being a PIE auditor upholds you to the highest standard with regular FRC and ICAEW QAD assessments.
In conjunction with Macalvins Chartered Accountants, starting in 2022 and throughout 2023, the company piloted Enhanced Audit Outsourcing Services in an incubated environment. A remarkable 70 to 80 per cent of the Audit work is already being undertaken in South Africa. The company’s offering is unique, allowing audit firms to outsource almost all of their audit work required to deliver comprehensive solutions to clients, leaving you to focus on RI review and client relationship management.
The choice of South Africa as a location was influenced by several factors. Notably, it is an English-speaking nation with audit practices closely resembling those in the UK. Additionally, the time zone alignment, cultural similarities, and the parallels in accountancy profession and auditing methodologies with the UK, particularly in embracing automation, make South Africa an ideal location.
The demand for services from the South African office has exceeded expectations, prompting plans for significant investment in expanding the base over the next twelve months. This expansion will introduce the company’s valued clients to its outsourced service offerings. Its service offering in South Africa supported by its UK team stands out in the market for its comprehensiveness and uniqueness. It goes beyond other support service offerings in this space, providing a more complete solution compared to competitors.
