A GROUP of businesswomen have come up with an app developed to calculate companies' broad-based black economic empowerment (B-BBEE) levels.
Launched in Durban last week, the BEE Calc App is the first of its kind. It is a unique online calculator that assesses B-BBEE initiatives in seconds.
The app, developed over eight months, is the brainchild of Africandi Business Solutions and Cybertrek – both owned by women.
Brigitte Brun, chief operations officer for Africandi, said the app was inexpensive and easy to use.
"It is a handy tool for a complex subject and companies are able to test their BEE levels at any time of the year – from a smartphone, tablet or computer," Brun said.
Companies are scored based on ownership, management control, employment equity, skills development, preferential procurement, enterprise development and socioeconomic development.
Brun said the app was designed as a response to the industry's need to obtain an inexpensive and reliable tool.
"Since B-BBEE information is constantly changing, relying on consultants only to constantly update this information can prove costly," said Brun.
"The app provides all stakeholders in the business with the ability to punch in raw B- BBEE data and instantly assess their B-BBEE score."
A unique username and password is allocated to each licensee for a 12-month period.
There is a 14-day free trial and the full package is R399 and comes with three scorecards for the calendar year, for three different scorecard elements.
Brun said a new Amended Draft B-BBEE calculator was being developed, which would be updated once the final codes were gazetted.
"This will give companies insight into the impact of these new codes on their current [B-BBEE] score," she said.
The free trial of the app is available on all the app stores, Apple, Android, Google and BlackBerry.