Speaker: Jonathan Myburgh, Founder, New Source Imports Pty Ltd (CFO Robert Rossouw)
I'd like to thank Robert Rossouw...
Jonathan Myburgh: Hi, my name is Jonathan Myburgh and I'm the Founder of a company called New Source Imports. I just want to say a massive thank you to Robert Rossouw from The FD Centre. He's come on board and just taken complete ownership of our finance department and has been a massive support to the rest of the team, a great mentor and just gone beyond expectations.
What big issues/untapped opportunities were you facing before we started working with you?
Jonathan Myburgh: At the time we'd just moved onto a new inventory management system, our historical accounts and allocations and books and things just weren't correct. And so it was very difficult for me to trust the integrity of the data to actually work off of it going forward. And our previous CFO had left under very short notice.
What have been the benefits to your business specifically?
Jonathan Myburgh: Trusting the integrity of the data was a massive thing. Knowing that Robert had taken full ownership and really had gone through kind of the historical mess to sort that out was amazing. He had also relooked at our terms with banks and forex and trade finance. He had set processes and checks and controls within the team that relates to the finance department.
What have the benefits been to you personally?
Jonathan Myburgh: One of the biggest benefits has definitely been a reduction in stress to me personally. You know, again, just having, just knowing that Robert has come in and, and really taken ownership and has been thorough in that has just been amazing. You know, besides that, he's also just been a great supportive and mentorship figure as well when it comes to the business in general, and that's been also a great personal benefit.
With support from your CFO, what are you hoping to achieve over the coming 12-24 months?
Jonathan Myburgh: So the business is in a high growth phase at the moment and it's very important that we have steady hands to control the financial side of it, the budgeting of it, you know, just resource allocation in general. We are also starting to open up another branch, so it's processes and cost controls in between that. Importing, the whole range of logistical improvements, things that we can do. So there's definitely a lot still to be done.
