BDO Morocco and OXIAL offer new compliance service for African firms

BDO Morocco’s digitised compliance and risk management service is fully digital and allows African businesses to approach all compliance and risk as a continuous process, offering 100 per cent compliance with global and local requirements.

OXIAL’s automated platform monitors every element of compliance to ensure nothing gets missed, while BDO’s consultants advise and support with their deep understanding of modern compliance.

Zakaria Fahim, managing partner and head of advisory, BDO Morocco, said, “This is a unique offering for African companies, one that combines BDO’s knowledge, understanding and expertise around risk management and compliance, all powered by the automation provided by OXIAL.”

“It is a powerful proposition for businesses in Africa, and BDO’s digitised risk management service has the potential to be a real game changer as African firms enter the global economy more fully,” he added.

The new service was designed to meet the needs of African firms when managing compliance. The complexity and volume of modern compliance means that staying compliant and mitigating risk effectively in 2018 can be an almost impossible task.

Eric Berdeaux, CEO, OXIAL, noted, “The World Bank has cited Africa as having six of the top 10 fastest growing economies in 2018, so it’s an emerging market rich with potential for growth. But managing compliance remains a major challenge for African firms.”

Fahim further explained, “Globalisation has been a powerful force for African firms, meaning international trade has become far more accessible and potentially lucrative.”

“The recent GDPR directive in the European Union (EU) for example, applies just as much to businesses based in Morocco or South Africa, as it does to businesses actually based in the EU. African firms must be aware of international compliance requirements or face a very severe penalty, and digitised compliance is the best way to approach this,” he concluded.