Audit and Asset Management Solutions

Committed to high quality service through our innovative, technological and customer orientated philosophies

What We Do

Asset Register Compilation

The introduction of Generally Recognised Accounting Practice (GRAP) within local government focussed attention on asset management, and National Treasury additionally issued a number of asset management practice and reporting requirements.

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Asset Register Compilation

The introduction of Generally Recognised Accounting Practice (GRAP) within local government focussed attention on asset management, and National Treasury additionally issued a number of asset management practice and reporting requirements. These include the need to identify, componentise, value and track the health of assets, to establish programmes and provide resources to care for assets, and to report on these matters.

An asset register is a complete and accurate database of the assets that is under the control of a municipality and that is regularly updated and validated. An adequate asset register is integral to effective asset management. It is the basis of an asset management information system and should contain relevant data beyond that required for financial reporting.

Market Demand focusses mainly on the compilation of a asset register as peer the following graphic that covers GRAP17, GRAP 16, GRAP 100 and GRAP 101

assets

 

Our asset model combines four pillars namely (i) surveying and unbundling, (ii) Technologies, (iii) Financial reconciliation and reporting and (iv) Specialised experts for engineering, landfills and properties. The four pillars are used to provide a link between the various departments at the municipality to ensure complete and accurate information is used during the compilation of the AFS.

Our engineering specialists will focuss on:

Facility surveying and unbundling Asset measusrent (valuation) Useful life determination

Our property specialists will focuss on:

Compilation of the property register Property valuation and split calculation between land and improvements

Our financial team will focus on:

Setting up and testing the templates for running DRC Adjusting CRC to the opening value as per the capacity of the municipality Developing a methodology for the financial accounting of the project Running depreciation on adjusted CRC Performed quality control on final figures Populate Appendix B and C after the asset register was finalised Propose adjusting journals to balance the Appendix and the TB AFS disclosure notes for assets

 

integration

Data Cleansing

Local Municipalities in South Africa face the same two critical problems with regard to the provision of services to its customers, non-payment for services and inefficient operations and maintenance of its water, electricity and sewerage networks. The symptom of non-payment is normally reflected in the Municipality’s outstanding debtor accounts.

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Data Cleansing

Local Municipalities in South Africa face the same two critical problems with regard to the provision of services to its customers, non-payment for services and inefficient operations and maintenance of its water, electricity and sewerage networks. The symptom of non-payment is normally reflected in the Municipality’s outstanding debtor accounts.


The reasons for the increase in the Municipality’s non-revenue services (i.e. discrepancy between system input and income generated from the sale of services) can be attributed to:

Distribution losses on the primary networks
Incorrect and inaccurate metering
Faulty metering equipment
Illegal usage and consumption (i.e. Tampers, Cross connections, bypasses, etc)
Leakages
Ineffective meter reading processes

Market Demand through our structure consumer and meter audit process, design and implement a structured business process that will enable the Municipality to conduct a full meter audit of all (i) consumer (ii) bulk and (iii) pre-paid electricity meters in the Municipality. The consumer info and meter information will be mapped to the financial system to ensure relevant, current and correct information is used for billing.

MD Inspector

MD inspector is a spatial mapping application with the following modules:

Project tracking and management
All our projects are mapped on aerial backdrops and customers have access to pull reports directly from the source data as fed into our master database system

MIS (Management information system)
Surveyed information is overlaid with various datasets including (i) Financial system, (ii) Surveyor general cadastral data, (iii) Deeds data, (iv) Valuation roll, and (v) Field audit data.

Spatial representation of information makes it easy for a municipality to understand where focus is needed

Asset verification and maintenance
This module assists the municipality to perform asset verification throughout the year. All verifications are updated to our master database where the asset register of the municipality is updated with the relevant verification data.

Systems

The Municipal Financial Management Act (MFMA), section 63(2)(a) requires that the entity must have an adequate management, accounting and information system in place which accounts for assets, delivering GRAP compliant results. The need to have an Asset Management System was hence identified and to fill this gap we have developed the Asset Manager System.

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Systems

asset

 

The Municipal Financial Management Act (MFMA), section 63(2)(a) requires that the entity must have an adequate management, accounting and information system in place which accounts for assets, delivering GRAP compliant results. The need to have an Asset Management System was hence identified and to fill this gap we have developed the Asset Manager System. 

Over a period of almost 2 years by a team of programming specialists, along with an asset specialist with appropriate asset accounting experience,  we present to you Asset Manager.

In 2014 the System was introduced in Lekwa Local Municipality (Clean Audit) and Joe Morolong Local Municipality (Qualification, with positive comments on System from AG).

 

WIPman

 

This module allows the following:

Detailed information for each project individually.
Information is displayed per project and per supplier.
New project and supplier detail is added via wizards which ensures completeness, including supporting documentation.
Transaction details (Invoices) with retention are added via the “Add item” wizard.
The system will calculate the commitment on year end (under final development).

The transfer of unbundled assets to the FAR will be indicated, therefore the WIP register will only show WIP on year end.

 

audittrack

 

Each authorised system user has a unique username and will need a password to gain access to the system.

Assigned system administrators have the ability to :

Create new system users
Alter existing user’ permissions
Enable and disable users

All data in the system is encrypted and cannot be read outside the system.

Password standards have been implemented.

Forgot my password option allows users to reset their passwords

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spatialview

 

Online application that allows you to view your assets on a Map by GISID

•Easy Filtering for specific asset category view

Assets pin pointed on a google map.

 



About Us

Market Demand was established in 2011 and has since established itself, as one of the major services providers to local municipalities in South Africa.

We are committed to high quality service through our innovative, technological and customer orientated philosophies to allow our customers to meet their strategic and objective needs. Our commitment are managed through the following:

  • Intimate understanding of our clients requirements (Personnel - Combined experience of 200 Years in the South African municipal market)
  • Assigning the right people to work on a specific project;
  • Assigning the correct technology to a specific project;
  • Being open, balanced and constructive in our work;
  • Providing prompt, effective and quality service;
  • Being able to adapt in an ever changing project environment; and
  • Providing value for money.

Our Current Clients

Gamagarajoevictoruguthembi matjlekwa

Key Technologies

Topcon IP-S2

SUPERPOWER YOUR GIS DATABASE WITH GEO-REFERENCED POINT CLOUDS AND 3D IMAGES

The IP-S2 Compact+ mobile mapping system overcomes the traditional challenges of mapping linear road or track side features. With a fully integrated approach, it carries this out with a high level of accuracy.

Key Features:

  • 3D scanning of road and roadside features
  • Delivers high density point clouds and 360° spherical imagery
  • High accuracy IMU options without export control
  • Simple map, extract, deliver workflow
  • Integrated, turnkey solution

GPS handheld devices

The Trimble Juno 3 series is a compact integrated solution for your field workers, that will keep them connected and in touch.

The Trimble Nomad 900 series outdoor rugged handheld computer makes it easy to collect, save and transmit data with its many built-in capabilities.

The Unitech PA700 4.7" Next Generation Rugged PDA Barcode Scanner - User Experience has become the overriding measure of success for nearly every enterprise mobility project. Unitech has built a deep understanding all over the years and created the next generation device to make it legitimate for the business app/ solution makers to demonstrate this principle.

 

Orbit Gis

Many Public Domain objects need to be inventorised. Inventories as well as the objects need to be maintained. Some maintenance programs are steered by law, other remains at the initiative of the owner.

Together with an inventory, documents, photographs and other elements are all relevant to execute the task of maintenance of the public domain.

The asset inventory management solution combines a series of modules and techniques that are perfectly integrated to generate an easy to use solution for a wide variety of inventories combining position, photography, status, documentation and more. Direct integration with mobile mapping content empowers each user to access rich information at a click.

MD also uses Arc GIS, Tera Sync and our own MD verification app that is an android based app.

Downloads

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Presentation Downloads


System Launch - 15-16 March 2017

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Training Manual Downloads


Version 1A