In the quiet chaos of many SMEs, there’s a common scene playing out: invoices filed, receipts boxed, and spreadsheets buried deep in email threads. The “books” are up to date – or so it seems. But when it’s time to make a decision, the numbers say little. They weren’t designed to speak.
This isn’t a software problem. It’s a finance structure problem.
At the core of South Africa’s SMEs landscape and evolution is a new understanding: that finance, when done right, isn’t just a compliance exercise. It’s a strategic weapon. And it begins with how the finance function itself is built.
Where Most Businesses Go Wrong
In growth/scaling -focused companies – particularly small to medium enterprises – finance is often an afterthought. Financial function is resourced reactively, added in layers, or outsourced blindly. The result is fragmented reporting, weak internal controls, and no consistent insight into where the business is headed.
Too often, the books are not kept at all or the job of “keeping the books” is mistaken for financial leadership. And so, SMEs continue to grow – or attempt to – on foundations built for survival, not sustainability.
FinAscend was created to change this dynamic.
Built to Structure, Not Just Support
Founded by Ntombi Melamu, a finance professional with over two decades of experience in complex financial ecosystems, FinAscend doesn’t just offer accounting and finance services. It designs and installs the entire finance engine behind a business – one that is lean, compliant, and ready to scale.
What Ntombi saw repeatedly in her previous roles as Group Financial Manager and consultant was the same flaw across industries: finance departments that were merely capturing history, not steering the future. That insight shaped the FinAscend method.
The FinAscend Method, Defined
At its core, FinAscend’s method is both structural and strategic. It begins with understanding where a business is in its lifecycle, and then applying a system tailored for that phase – not just what’s affordable, or commonly used.
From Bookkeeping to Business Leadership
Many SMEs and businesses alike only realise they have a finance problem when the money runs tight, or the audit goes wrong. But finance isn’t just about fixing – it’s about framing. With the FinAscend method applied to many SMEs financial record keeping is not just about compliance, it’s the cornerstone of SME growth, investment readiness and long term sustainability. Addressing this gap through digitisation, skills development and advisory support, will significantly uplift the SME ecosystem.
FinAscend empowers its clients to understand what their financials are saying, and what they’re not saying. By transforming the finance function from a back-office admin centre into a strategic cockpit, businesses gain foresight. And with foresight, comes leverage.
A number of Medium Sized, SMEs, and early-stage ventures supported by FinAscend all share this testimony: the reporting is clearer, decisions are faster, and risk is better managed.
This is finance as a leadership function, not just a support service.
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