Get All Access for $5/mo

Satisfying A Key Niche FICS managing director shares how his company can help you deal with highly-specialised business (and personal) legal matters.

By FICS

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur South Africa, an international franchise of Entrepreneur Media.

Bigstock

Vital Stats

  • Player: Gerhardt Becker, Chairman and Founder
  • Company: FICS
  • What they do: Provide forensic investigation-type services to individuals, professional firms, corporations, government and parastatals in the legal, accounting and financial services sectors.
  • Visit: www.fics.co.za

"After 25 years in the industry, we realised that there's a genuine need for a reliable and ethical partner, with the know-how and expertise to undertake specialised investigations into serious matters," FICS MD and Founder, Gerhardt Becker says.

Gerhardt argues that poor service delivery has become customary in South Africa and that his business aims to deliver better service delivery in a cost-effective way. But why is he so focused on reliability, ethics and service delivery?

Professional investigators

Gerhardt is the founder of FICS, a company that specialises in deep-level investigations for the South African Government, parastatals and corporate sector. The firm also offers investigation services to individuals.

He believes that FICS is filling a key niche in South Africa, by serving as a one-stop shop for people who need assistance with sensitive personal or business matters.

Merit investigation assistance:

FICS can assist with merit investigations, which entail investigation of all aspects concerning a motor vehicle accident, often several months after the accident occurred. "The FICS team has 25 years of experience, working with various parties and the Road Accident Fund (RAF)," Gerhardt says.

Key factors include:

  • SAPS docket/SAPS Accident Report, hospital records and ambulance records
  • Statements of the witnesses and the drivers
  • Photographs of the scene of the accident and sketch plan of the accident scene.

Quantum investigation assistance:

"We can also assist with quantum investigations, which entail the investigation of the amount of money payable to claimants and/or the dependents of a deceased," adds Gerhardt.

Key factors include:

  • Employment of the claimant and/or deceased
  • Earnings of the claimant and/ or the deceased
  • Deceased's dependants (wife(s)/husband, children).

Your one-stop service provider

Incidents such as motor vehicle accidents are not only a frustration for the person/s involved in the accident, but also for all the relevant stakeholders afterward. Motor vehicle accident related claims can be unnecessarily stretched out.

Gerhardt says FICS can help by serving as a one-stop service provider. "Instead of having to contract multiple service providers to resolve one matter, we can assist our clients with a wide variety of services, resulting in only one contact point — us. We are reliable, with proven, fast turnaround times," he adds.

FICS launched the FICS Mobile App, a first for South Africa, which offers new benchmark opportunities by capturing all relevant photographic and other factual information at the scene of incidents.

Solutions for complicated matters

Gerhardt says that The Financial Services Board (FSB) is currently putting pressure on the trustees of retirement funds to expedite the tracing and payment of unclaimed benefits.

"There is a vast quantity of unclaimed benefits in South Africa and we realise that it is a complicated matter. We believe that we have a solution to these difficulties because we are a specialist investigative group of companies with a growing national footprint that can successfully trace members or beneficiaries," Gerhardt explains.

FICS can physically trace, locate and link fund members or beneficiaries.

Gerhardt says that when it comes to emotional matters, such as fatal or suspicious claims in workmen's compensation matters, it is difficult to stay objective and not get overwhelmed with all the emotions. This is when it's best to get an outsider to handle these claims.

"Not only do we handle all these claims and investigations with the utmost respect, we have the ability not to get emotionally involved and we complete these claims hands-on," he says. "We do a lot of field work, ensuring that the issues are sorted out in a shorter period and with accuracy."

FICS offers South Africa’s only Specialised Investigations franchise opportunity. Franchisees will preferably have a solid background in law, accounting or investigations. A FICS franchisee can look forward to earning passive income from our FICS App and have steady income streams from paralegal and administrative work done for Law Firms and Corporations.
Thought Leaders

I've Coached Many Successful Entrepreneurs — Here are 7 Lessons I've Learned Along the Way

The path to success varies widely among those who pursue it, yet it's bound by a few common practices. From writing down goals to prioritizing well-being, achieving a richer, more fulfilling life extends far beyond financial wealth.

Starting a Business

I Left the Corporate World to Start a Chicken Coop Business — Here Are 3 Valuable Lessons I Learned Along the Way

Board meetings were traded for barnyards as a thriving new venture hatched.

Business News

Wells Fargo Reportedly Fired More Than a Dozen Employees for Faking Keyboard Activity

The bank told Bloomberg that it "does not tolerate unethical behavior."

Entrepreneurs

26 Of The Richest People in South Africa

Here are 26 of South Africa's richest people, but how did they achieve this level of wealth? Find out here.

Money & Finance

9 Side Hustles to Make Money Fast

Want to make extra money ASAP? Check out this breakdown of nine quick side hustles to get inspired and start earning quickly.

Business News

He Changed His Lottery Strategy After Taking Advice From His Father. Then He Won $7 Million.

The anonymous 38-year-old man broke the record for the most money won in the Michigan online lottery.