Doing a BEE verification process can be confusing for ordinary people with no information about BEE, Inspiredex makes things easy for you by going through the process for you. This is a process where the entity must meet a SANAS Accredited BEE Verification Agency. Together with the BEE Agency, the entity must undergo a partial or full audit to determine its BEE Compliancy Levels.
how does BEE Verification work?
BEE verification process is done through a verification agency like Inspiredex that is accredited with the South African National Accreditation System (SANAS). It is important to know that working with experience and expertise will ensure that the BEE verification process is simple stress-free from start to finish.
What is the BEE verification process?
The process differs depending on the size of your business this means small businesses that have an annual turnover of under R10 million enjoy much-simplified verification than large and medium businesses. Here are the most commonly used steps in the BEE verification process:
Step 1 in BEE verification this is a consultation with your chosen Inspiredex who will confirm the size of your company and its classification.
Step 2 is to calculate your ranking on the BBBEE scorecard, initially, there are eight levels, with one being the best in terms of the benefits it confers.
Step 3 lastly once the BBBEE verification procedures are complete, we will provide you with your BBBEE certificate, which is valid for a year. They will also talk you through ways in which you can work too, at the very least, maintain, or upgrade your ranking.
Many people have wasted thousands on the BEE verification, therefore, it is necessary to assess whether you require the services of a BEE verification agency before consulting them. In order to avoid wasting time and money, before doing the verification, it is advisable to ensure that you are 100% ready for it.
It is advisable to evaluate your business first and the need to check that all of the boxes have been filled before approaching a verification agency. Once you are ready to look for a BEE verification agency.
When you want to work with legit BEE verification agencies like inspiredex.co.za keep the following points in mind:
• The agency must be accredited with the South African National Accreditation System (SANAS) or Independent Regulatory Board for Auditors (IRBA).
• This is to ensure that the agency is qualified to do the verification work, and reliably so.
• The BEE verification agency should be sufficiently experienced and should have a good reputation.