Tag: compound annual growth rate (CAGR)

The adoption of fleet management systems in South Africa is accelerating. This is leading to safer roads. To keep up with rapidly evolving telematics technology, fleet operators are advised to view their systems through a more holistic lens. According to the Fleet Management in South Africa 2024 report, the country’s fleet telematics market penetration rate is expected to rise. It is estimated to grow from 41.5% in 2021 to 68% of the total fleet vehicle population by 2026.

As CFOs take on a more strategic role, other functions are increasingly looking to finance for near real-time and more accurate forecast reporting to make more informed business decisions. Although historical reporting remains relevant, organisations are looking to the finance role for instant guidance amid changing market dynamics.

There is a technology that is disrupting the workplace, it’s called Robotic Process Automation (RPA). Using software ‘robots’ to mimic repetitive human interactions with computers, this technology can do these tasks much faster, without any rest and no errors that human are prone to making.