21 August 2023 – Vela Industries Group is pleased to announce the strategic acquisition of GreatSoft, a South African company providing accountancy firms with fully integrated Practice Management Solutions.
GreatSoft Practice Management software for accountants is designed to help businesses better manage their staff, clients, and work-in-progress. The single, centralised database can be integrated with tax, secretarial, payroll, or document management solutions, providing a single source of truth and a single view of the company’s practice.
GreatSoft’s intuitive interface allows clients to streamline manual processes, create business intelligence dashboards, and transform how the business communicates and collaborates with clients.
“We welcome GreatSoft customers and their team to Vela Industries Group and look forward to supporting the long-term growth of the business through access to capital, international networks, and the sharing of best practices,” said Dylan Webb, Portfolio Manager, Vela Industries Group.
Bruce Morgan, CEO of GreatSoft commented “this major investment by Vela Software Group will allow GreatSoft to accelerate our investment in R&D to allow us to build more of the profit improvement products demanded from our clients. In addition, we now have the resources to grow GreatSoft further into Africa and other Global markets. Being a Vela company provides our Teams with exciting career growth opportunities. It ensures that our clients will continue to receive the fantastic products and services they have come to love!”.
GreatSoft has a broad range of premier clients in Africa such as DTT, EY, BDO, PWC, Mazars, and Nolands. Business management platform MYOB is the exclusive strategic partner for GreatSoft in the APAC region, delivering the solution to leading accounting practices across Australia and New Zealand, including local RSM and PKF firms. The cloud-based solution can be used by any size of company and is also available on a mobile application for Android or IOS devices.
About GreatSoft
Headquartered in Cape Town, South Africa, the company has more than two decades of industry experience and thought leadership, that have made them one of the leaders in Practice Management and CRM for accountants CRM. With expertise in tax, Company Secretarial, Project Planning and payroll for accountancy firms. They have a wealth of experience in document management and profit improvement systems through powerful CRM capability and extensible platform.
