Draftworx

Draftworx is a South African success story, compilation and financial statement software built locally for the way SA accountants and auditors actually work. Its calling card is automation: the working papers, the trial balance and the annual financial statements are linked, so a change in the numbers flows through to the disclosures without anyone rekeying a figure. The financial statement templates are aligned to IFRS for SMEs and maintained as the standards move, which is exactly the drudgery small practices want taken off their plate.

Practitioners like that it covers compilations, independent reviews and audits in one package, with the working paper structure guiding less experienced staff through a proper process. Because it is developed in South Africa, the support and the templates speak the local language of the profession, and the pricing is published in rand rather than quoted per engagement. It is offered as an annual subscription, which makes it accessible to the smaller firms and sole practitioners that make up so much of the SA market.