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Kevin Phillips

Kevin Phillips

Kevin is an entrepreneur who has built a successful business, and so has a solid understanding of the challenges and questions business owners face. He has degrees in Commerce and Accounting, and started idu Software with partners James Smith and Wayne Claasen in 1998. Kevin is fast becoming a thought leader in his field and makes regular comment in the media about current affairs affecting business as well as accounting, finance, budgeting and software. He is a columnist for Accountancy South Africa, Entrepreneur and Tech Leader and has been featured in Sunday Times, Business Day, Enterprise Risk, Succeed and Cape Argus; as well as being a guest speaker on Radio 702, Kaya FM and Summit TV.

Website URL: http://www.idu.co.za

Empowering your staff with financial knowledge pays dividends

One of the best investments any company can make is to develop and empower middle managers to take ownership of their area of the business.

Is your company culture putting you at greater risk of fraud?

Most accountants and auditors know the “fraud triangle”, the combination of incentive, opportunity and rationalisation that creates a risk that an employee will attempt to defraud their company.


But the fraud triangle alone isn’t enough. In the wake of Enron and other high-profile corporate disasters of the past decade, there has been a new focus on how factors at the organisational level, not just the individual level, can increase the risk of fraud. Chief among these is that nebulous thing called “organisational culture”.

Fancy tools won’t make up for a bad forecasting strategy

Thursday, 01 November 2012 00:00 Published in Analytics & BI
Fancy tools won’t make up for a bad forecasting strategy

A lot of business planning depends on forecasts and in the quest for ever more accurate and reliable forecasts, a lot of people turn to increasingly fancy tools and algorithms.


But what if the problem with your forecasts isn’t the tools you are applying, but your whole approach to forecasting in the first place? If your basic strategy is wrong, no amount of fancy processing will improve the quality of your forecasts. In fact, it could make things worse, by masking the incorrectness of the data and giving a dangerous false sense of confidence.

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