Category: News

#WomensMonth: Nomsa Nteleko – a story of success

Nomsa Nteleko, co-founder and managing director of OS Holdings, is a ground-breaking woman, who is not only recognised in South Africa but forms part of a global network of women recognised in their respective fields, who share their stories and aim to make a difference by inspiring tomorrow’s female leaders.

Nteleko has more than 11 years’ experience in the industry, has worked for Sage Pastel for five years and has been running OS Holdings for several years. She was one of the people who started the Sage Public Sector department and played a key role in working with the development team at SAGE in ensuring that Sage Evolution is fit for a purpose in the public sector space.

Her success stems from an entrepreneurship programme that she participated in – Raizcorp’s Acumen Entrepreneurship programme, which allows entrepreneurs access to the various forms of business support offered by Raizcorp, such as back-office support, entrepreneurial skills training, access to markets, access to business specialists and access to infrastructure.

From the beginning…

Raizcorp enables budding entrepreneurs to develop the practical and achievable strategies that will bring to life the vision they have for their businesses and the ultimate aim is to contribute to the creation of a sturdy culture of small- and medium-sized entrepreneurs in South Africa and to develop the knowledge, skills and capabilities of these entrepreneurs.

The Acumen Entrepreneurship programme has helped Nteleko in ensuring that she has sufficient knowledge of internal processes to run OS Holdings efficiently. It took out the lonesome journey of entrepreneurship and helped her view her business from an investor point of view.

Nteleko’s objective is ensuring that OS Holdings becomes one of the major and recognised players in the industry. She believes in playing an integral part in growing the South African economy through empowering young minds and entrepreneurs. She strongly believes that alleviation of poverty and removing mediocre thinking in our generation and generations after us lies in our hands.

This Women’s Month, she shares her story of success.

Could you describe a typical day in your job?

My typical day is filled with meetings, be it with a current customer discussing growth strategies, prospective customers pitching our solutions or my team discussing the performance of various departments, and at times I would be looking at the challenges that need solutions, both internal and external.

BizcommunityWhat did you want to be when you grew up?

Growing up, and when I was in school, I really wanted to pursue medicine as a career.

BizcommunityHow did you get into tech?

After I matriculated, I couldn’t afford to study. I volunteered to work for a GP in my township while I tried to find funding to go to university. He introduced me to his accounts department which is where I had my first encounter with a laptop and accounting.
I knew nothing about computers but, as I learned more, I fell in love with them. At that point, I decided that medicine wasn’t for me. Around two years later, I started working for a company that used Sage accounting software, then later for a Sage partner.
I decided to leave Sage in 2012 and start OS Holdings. I wanted to offer integrated, easy-to-use solutions that really provided value, and for which I could provide guidance and support. At that time I saw that women weren’t big players in the industry and I felt there was a big opportunity to build a black, female-owned company that really excelled and added value in this space.

The journey…

One of biggest challenges, in the beginning, was that people felt they couldn’t trust me with their businesses as I didn’t have the experience (we only got our first job six months after we started). I first heard about Raizcorp when a close friend sent me a link to one of their programmes. I applied and was accepted, and started an 18-month programme in 2015.

Raizcorp helped me look at our finances, how well we were doing and how we could grow. They gave me an objective. Another important thing Raizcorp taught me is to look at myself as a person. When you’re so focused on your business, you can easily lose focus on yourself â€Ķ You need to realise that if you are broken, your business will suffer.

Also, being in a space with other entrepreneurs makes you realise that you’re not a nutcase! Interacting and networking with people on a similar journey was awesome. It really is a motivating space. Just by walking through the gates, you feel different because you know you’re in a space where you’re understood. It’s like therapy for entrepreneurs.

When I joined the programme, my turnover was about R6m. A year later it had grown to R9m and the following year to R18m. During my time at Raizcorp, we created two new departments: a training department and an X3 department (which is a tier-one solution for bigger clients). We also started an internship programme. In terms of job creation, we grew from 13 staff members to 43 last year.

We have also developed our own performance and budget management system for local government to assist in measuring and monitoring service delivery, and are now working towards helping municipalities improve their relationships with citizens by building exciting new service-delivery tools.

BizcommunityWhat was the best advice anyone ever gave you?

“Take the emotion out of it” from Keith Gould, at the time he was the CFO at Sage, this was the hardest advice because I was literally in tears at the time of the advice, but what I learned was that it’s hard for women to be heard as leaders in our industry, so if you get emotional about things you get easily dismissed so in all your assertions you need to motivate with facts, that’s how you earn your respect.

BizcommunityWhat advice do you have for the future generation of women wanting to get into the tech space?

Don’t try to be a man, embrace being a woman as it comes with great wisdom and intuition.
Be a subject matter expert and trust your judgement, continue to learn so that you are always on top of your game

BizcommunityWho or what is your biggest motivation?

My son, my father and my environment. My son because I had him at 16 so I knew that I needed not only to provide for him but be a good example. My father because he gave me wings to fly, he had great confidence and belief in me. I grew up in Sebokeng, somehow I never felt I belonged, so I needed to succeed in order to get myself out of it.

BizcommunityAre South African women getting enough of a chance to shine in the tech industry?

I think South Africa is doing its best, but the answer lies within our women, they don’t need permission from anyone to impact the industry, they must just do so by excelling in their respective industries. InspiringFiftySA is a great example of South Africa trying to showcase the talent of women in the industry, so we must be found ready for such opportunities.

Women are known to build, lead and inspire and we must just do exactly that. We must go for the opportunities before us, we need get our voice heard, we have it in us.

BizcommunityHow do you feel about being named one of the 2018 #InspiringFiftySA Winners?

Firstly, I am grateful for being nominated. Initially, I didn’t know what it really meant. Standing on the same stage with such exceptional women humbled and inspired me, women who are ground-breakers changing the status quo of STEM and ICT. I am truly honoured, and I motivated to better my own space but mostly encourage and empower young women in our industry.
As a female business leader, what is the least and most exciting aspect of your day?
The least exciting is when I realise I can’t change a mindset of a person who doesn’t realise their true potential and taking the opportunities before them for granted. The most exciting is when I get to see growth in my people, and of course, clinching that deal!

BizcommunityWomen are considered to be naturals at problem-solving. Why do you think this is perfect for the tech industry?

Technology is the answer to many problems we face in our country, be it healthcare, local government, tourism, education, manufacturing etc. This needs innovators to find solutions for such problems. We have big data in all these respective industries, with technology this data can be manipulated to help with intelligent decisions. The business of today is fast-paced and information should be readily available at the fingertips of the decision makers, that is where we could come in to provide solutions, however, our opportunities are endless.

BizcommunityCould you list a few, if any, specific challenges females face in this industry?
  • Many tech companies don’t like to employ women because they fall pregnant and PMS.
  • Subconsciously, our male counterparts refuse to see us an equals, somehow we have to continuously prove ourselves in order to be taken seriously. It doesn’t help when you are beautiful.
  • Even our fellow women in leadership find it difficult to do business with us – they prefer males.
BizcommunityWhat is your advice for overcoming these challenges?

Be so good at what you do that you end up writing the rule book. Continue kicking the doors open if that’s what it takes. Stand your ground, believe in your purpose and pursue it diligently.

BizcommunityWhat trends do you predict in tech in the coming years?

The gig economy is the biggest trend I am looking forward to, this means the industry will have exceptional subject matter experts and tech companies that are always innovating. We are already in the era of machine learning and artificial intelligence (AI) so this means you need to position yourself as an innovator instead of the consumer of technology.

Read More

Its like therapy for entrepreneurs

Nomsa Nteleko | CEO – OS Holdings

When I was in school I really wanted to pursue medicine as a career but, after I matriculated, I couldn’t afford to study. I volunteered to work for a GP in my township while I tried to find funding to go to university. He introduced me to his accounts department which is where I had my first encounter with a laptop and accounting.

I knew nothing about computers but, as I learned more, I fell in love with them. At that point, I decided that medicine wasn’t for me. Around two years later, I started working for a company that used Sage accounting software, then later for a Sage partner. Ultimately, I wanted to run my own business but, before I could do that, I felt I needed to work more closely with Sage. I applied to join the company as a consultant so I was very surprised to get a call from their sales division saying they’d like to interview me. Even though I hated sales, I wanted to be part of the Sage environment to learn what I could. I started as a telesales consultant and, in my first month, achieved 140% of my sales target.

A year later, I moved into the evolution department where I could meet and interact with clients and propose solutions. They didn’t have a lot of clients in the franchise or public sectors, and asked me to research the area. While the franchise side of things didn’t excite me, the more I learned about tendering and the public sector and its reputation for wasteful and fruitless expenditure, the more interested I became.

I decided to leave Sage in 2012 and start OS Holdings. I wanted to offer integrated, easy-to-use solutions that really provided value, and for which I could provide guidance and support. At that time, GRAP compliance was becoming a big thing (local governments were supposed to be running like businesses). I wanted to capitalise on this gap and offer Sage solutions to this sector. I also saw that women weren’t big players in the industry and I felt there was a big opportunity to build a black, female-owned company that really excelled and added value in this space.

One of biggest challenges in the beginning was that people felt they couldn’t trust me with their businesses as I didn’t have the experience (we only got our first job six months after we started). Affording highly skilled people was also a problem. I was using my last Sage pay check, my provident fund and a SARS refund as capital. Fortunately, I had a sales background and was able to sell my vision to the people I wanted to work with. I took graduates straight out of university and started grooming them. It really was more of a partnership than an employer and employee relationship.

I first heard about Raizcorp when a close friend sent me a link to one of their programmes. I applied and was accepted, and started an 18-month programme in 2015.

A big issue was how uncomfortable I was looking at the business’s finances. I didn’t want to look in case we weren’t succeeding, because then I would lose heart. As an entrepreneur, you just want to do what you’re passionate about and leave the finances to an accountant but, really, you do need to know how to read those books. Raizcorp helped me look at our finances, how well we were doing and how we could grow. They gave me an objective.

Another important thing Raizcorp taught me is to look at myself as a person. When you’re so focused on your business, you can easily lose focus on yourself â€Ķ You need to realise that if you are broken, your business will suffer. Also, being in a space with other entrepreneurs makes you realise that you’re not a nutcase! Interacting and networking with people on a similar journey was awesome. It really is a motivating space. Just by walking through the gates, you feel different because you know you’re in a space where you’re understood. It’s like therapy for entrepreneurs.

When I joined the programme, my turnover was about R6 million. A year later it had grown to R9 million and the following year to R18 million. During my time at Raizcorp, we created two new departments: a training department and an X3 department (which is a tier one solution for bigger clients). We also started an internship programme. In terms of job creation, we grew from 13 staff members to 43 last year.

We have also developed our own performance and budget management system for local government to assist in measuring and monitoring service delivery, and are now working towards helping municipalities improve their relationships with citizens by building exciting new service-delivery tools.

My advice to aspiring entrepreneurs is to remember that your journey is unique. You must trust in your own journey and never compare yourself to other businesses. Also, remember that cash flow is king; it’s the lifeline of a business. You need to find ways to make sure that your cash flow stays healthy at all times. If you grow too quickly, it drains your cash flow and brings other problems with it. You need to find solid funding and recapitalisation strategies so you can run your business and projects successfully. You need to run your finances responsibly so the banks will take you seriously. Also, a business cannot make a stand without a collaborative environment. I was helped by Raizcorp, by Sage, by employees who believe in me, and by my husband who continues to play a critical technical role within the company. You don’t exist in isolation. You need to make sure you’re surrounded by people who support your vision.

I am super-grateful for the opportunity given to me by Raizcorp and Investec. I had the most amazing guides who were really frank with me. There are so many more businesses that Raizcorp needs to reach – I see it as the best way to transform our industry. Small businesses are so important in our economy, and I believe that they are the answer to poverty and unemployment. If there were more businesses of the calibre that Raizcorp produces, this country would be a better place.

Read More

Holistic, Purpose Driven Enterprise Solutions

Nomsa Nteleko - OS Holdings CEO
Sage’s ecosystem is vast, with a host of companies collaborating with each other in order to deliver the best technological solutions for the modern organization. And as far as Sage partners go, OS Holdings is one of the most impressive companies in this international ecosystem today – for noteworthy reasons as well. Its immaculate attention to detail and holistic, client-centric approach to enterprise resource planning (ERP) makes this South African company a worthy asset in the current globalized, competitive marketplace. “We believe that our clients ought to be focusing on more strategic objectives of their business rather than spending unnecessary amounts of time on creating reports for various purposes,” expresses Nomsa Nteleko, founder and CEO of OS Holdings. With this ethos in mind, Nomsa’s objective was always clear: help organizations save time by delivering key performance indicators and actionable insights to them efficiently and as cost-effectively as possible. To that end, her company, OS Holdings, offers extensive automation and IT services alongside expert guidance throughout the Sage Intacct environment – a native cloud solution for seamless, error-free financial management. Nomsa and her team, through their Sage and ERP expertise, support various firms of all sizes in achieving their objectives quickly and affordably. “Over the years, we also developed an end-to-end budget management and municipal billing system for local governments and municipalities, respectively, that will assist them in terms of revenue enhancement,” adds Nomsa. Founded in 2012, OS Holdings is a Sage Evolution business partner that maintains a comprehensive understanding of the many obstacles in a company’s path to success in this modern, rapidly digitalizing milieu. Nomsa boils down the challenges associated with ERP to three main issues. The first of which revolves around diversification. An organization that was previously focusing on construction may now move toward mining and IT to broaden its revenue generation opportunities. After a company diversifies and acquires new entities, its c-suite is now required to manage the group as a whole and ensure that each segment is producing strong results. According to Nomsa, the management must raise concerns that question how profitable their entities truly are and what strategies and technologies can be deployed to ensure success. “At the end of the day, we need to provide solutions to companies that will enable and empower them to sit on a single platform—while running diverse businesses—with all the information they will need to make the best decisions,” explains Nomsa. The other two challenges that negatively affect an enterprise’s ability to thrive are difficulties optimizing capital and operation expenditures and digitalization efforts.
With all the new technologies emerging, we understand that change is difficult. We bring in elements of project and change management as well to help simplify this new learning journey
With its experience in dealing with large corporations and Sage Intacct over the years, OS Holdings brings in the elements of cloud, artificial intelligence, and security to provide clients with the most holistic solutions. These include robotic process automation (RPA) services as well, which promise to give OS Holdings’ patrons the competitive edge they so tirelessly seek. Nomsa and her team dedicate a considerable amount of time to sit with each client, educating and training them on the best ways to grow and future-proof their business. “With all the new technologies emerging, we understand that change is difficult. We bring in elements of project and change management as well to help simplify this new learning journey,” states Nomsa, who has also been awarded a rank among the top 100 women in leadership, 2021 by the Global Council for the Promotion of International Trade. To best elucidate on the solutions and services proffered by the company, Nomsa recalls a conversation she recently had with a client who was extremely appreciative of OS Holdings’ support and expert advice that helped them bolster their bottom line. The customer emphasized the level of trust they placed on the advice they received and commended Nomsa’s staff on their efficacy in automating a significant portion of business operations. “At OS Holdings, we capacitate our professional services with different expert teams,” says the CEO. With such an incredibly holistic approach to supporting businesses, OS Holdings is creating waves of change for companies throughout the African and European continents. And as a Sage partner, the organization is all the more supported to reach out to a larger audience and incite profitable change. Moving forward, OS Holdings is set to create an ecosystem that encourages trading between countries, allowing businesses to thrive, even in the face of a global crisis. “I must say, being a Sage partner has been a great journey because there is much to learn, and Sage provides us with a lot of support. We are excited to continue this experience and offer new, technological solutions to our clients as well,” concludes Nomsa.
Read More

Strategic collaboration with our Zambian and Zimbabwe partner

We are super excited to announce our strategic collaboration with our Zambian and Zimbabwe partner, Geesoft systems. The collaboration came about because we want to provide solutions for African problems. We can’t wait to share the exciting work we are doing with them.
Read More