COMPLIANCE

EVERYDAY CHALLENGES

The current regulatory and legislative horizon is rapidly changing, adding more layers of compliance. This significantly increases risk, requiring:

• Increased need to operationalize regulatory compliance to Business As Usual
• Effective navigation between different regulators and regulatory requirements within pre-defined timelines
• Up-to-date specialized industry experience to accelerate compliance monitoring
• Flexible management of resources and capacity constraints
• Innovative approaches, best practices
• Increasing reliance on 1st and 2nd lines of defense to provide combined assurance

THE ADEPT ADVISORY SOLUTION

Adept Advisory’s Compliance Team has significant practical hands on experience – a blend of both technical and industry experience with relevant credentials.

Our services span across Africa and are provided either on a co-source basis, working directly with your existing Compliance team, or on a fully independent outsourced model.

OUR DELIVERABLES

Our proven deliverables include:

• Compliance risk assessments
• Impact / gap analysis of areas of non-compliance (e.g. AML, POPI, RDARR) incorporating advanced compliance diagnostic tools
• Recommendations for remediation based on industry practice
• Risk management plans (e.g. FICA, FAIS)
• Monitoring, escalation and reporting
• Training and education

SUSTAINABLE BENEFITS FOR YOUR ORGANIZATION

Benefits for your organisation include:

• Technical expertise
• Best practice, creative solutions
• Improve regulatory planning and execution
• Culture and strategy framework alignment
• Knowledge base repository
• Knowledge transfer objectivity and confidentiality
• Reduction in change initiatives
• Consistent quality and continuity with flexible staffing levels
• Reduced training and staff turnover cost
• Our diagnostic tools result in increased regulatory coverage, minimising potential for regulatory gaps
• Key control management through prevention of control duplications
• Enhanced reporting and MI
• Proven leadership without recruiting costs

EVERYDAY CHALLENGES

• Using complex contracts, such as long-term discounts, cost-plus pricing, volume discounts, multiple units of measure and multiple currencies
• Have special supplier arrangements, such as rebates, retro-pricing, spot buys and resale programmes
• High accounts payable turnover or inexperienced staff
• Have a decentralized purchasing function
• Recently performed a system upgrade or conversion or have an older legacy system
• Experienced a merger or acquisition in the past few years
• Suspect fraud

THE ADEPT ADVISORY SOLUTION

Our Contract Management service offering looks to provide an answer to the economic, competitive and budgetary demands placed on organisations for sustainable cost reduction. This includes the evaluation of possible exposure to overpayments and an in-depth review of the procurement process.

Our 4-phased approach covers:

• High-level risk assessment of procurement activities, annual spend and buyer/ supplier contracts
• Detailed scoping
• Area reviews of contracts, potential recoveries and savings
• Provide solutions by recommending quick wins and implementation plans for long-term improvements

OUR DELIVERABLES

Our offering includes the following elements:

• List of potential activities/ areas for recoveries
• Activity-/area-level data and process analysis
• Analysis of common error types and recommendations for improvement or short-term solutions
• Documented recoveries
• Improvement recommendations

SUSTAINABLE BENEFITS FOR YOUR ORGANIZATION

• Improved procurement and payment processes
• Better accuracy of supplier transactions and relationships
• Achieve cost reduction and recovery
• Improved financial and operational processes
• Effective contract structuring for sustained cost reduction
• Enhanced business performance

EVERYDAY CHALLENGES

The current regulatory and legislative horizon is rapidly changing, adding more layers of compliance. This significantly increases risk, requiring:

• Specialised industry experience to accelerate compliance monitoring
• Flexible management of resources and capacity constraints
• Innovative approaches, best practices
• Increasing reliance on 1st and 2nd lines of defense to provide combined assurance

THE ADEPT ADVISORY SOLUTION

Adept Advisory’s Compliance Team has significant practical hands on experience – a blend of both technical and industry experience with relevant credentials.

Our services span across Africa and are provided either on a co-source basis, working directly with your existing Compliance team, or on a fully independent outsourced model.

OUR DELIVERABLES

Our proven deliverables include:

• Compliance risk assessments
• Impact / gap analysis of areas of non-compliance (e.g. AML, POPI)
• Recommendations for remediation based on industry practice
• Risk management plans (e.g. FICA, FAIS)
• Monitoring, escalation and reporting
• Training and education

SUSTAINABLE BENEFITS FOR YOUR ORGANIZATION

Benefits for your organisations include:

• Technical expertise
• Best practice, creative solutions
• Consistent quality and continuity with flexible staffing levels
• Reduced training and staff turnover cost
• Knowledge transfer objectivity and confidentiality
• Proven leadership without recruiting costs

EVERYDAY CHALLENGES

From the Department of Energy’s large one-off capital intensive compliance projects, to keeping abreast of NERSA’s licensing and tariff requirements, maintaining compliance isn’t always straight forward.

Some everyday challenges are:

• Fluctuating resource requirements
• Competition laws preventing you from working with industry-and competitor-sensitive data
• Co-ordination of parties from across the liquid fuel value chain
• The DoE’s state of flux between re-regulation and de-regulation

THE ADEPT ADVISORY SOLUTION

We have developed a specialized offering focused specifically on supporting oil majors meet and maintain regulatory compliance.

By working collaboratively with you, our highly experienced and knowledgeable team will help not only deliver compliance but develop your teams skills and expertise.

Each engagement is viewed as a unique project, supported by clearly defined project charters, including objectives, key milestones, deliverables, defined timelines and roles & responsibilities.

Our independence eliminates conflict of interest, and allows us to work on otherwise highly confidential data.

Adept has strong working relationships with both NERSA and SAPIA.

OUR DELIVERABLES

Current offerings include support on critical compliance agendas, covering:

1. NERSA Licensing & 3rd party Tariff Applications

• NERSA storage and/or pipeline tariff and license submissions, including Joint Venture facilities
• Financial modeling aligned to NERSA’s methodology, ensuring consistent & efficient calculations and submissions
• Quality assurance application reviews, NERSA application reviews

2. Transition Fuels implementation (Clean Fuels and Bio Fuels)

• Program Governance – defining objectives, scope, high-level plans and deliverables
• Project Delivery & Support – Detailed project work plans, resourcing, risks & issue tracking, status reporting and communication
• Cost recovery model reviews

SUSTAINABLE BENEFITS FOR YOUR ORGANIZATION

• Regulatory compliance with NERSA’s licensing & 3rd party tariffs
• Increased compliance with DoE’s mandatory Transitional Fuels and Bio Fuel blending regulations
• Increased likelihood of financial recovery on investment and better decision making, given robust supporting information
• Enhanced co-ordination, effectiveness and productivity
• Ensuring continued focus on core fuel businesses