case studies

 

INFINITE GROUP

    • Business Type: Transportation and logistics
    • Business industry: Road haulage
    • Employee size: 120
    • Regions: South Africa
    • Customer since: 2011
    • Website: www.infinitegroup.co.za

Business case

Infinite is a dynamic and innovative group of companies. Infinite focuses on providing specialized and innovative services to optimize each element of their customer’s supply chain requirements. Whether it be transportation, clearing into Africa, project cargo, fleet management or a complete supply chain solution.

Challenges

  1. Infinite has grown its operations to have a fleet in excess of 100 vehicles under management.
  2. Expansion requires continuous capital investment ensuring financial solvency and liquidity whilst engaging with financial institutions.
  3. Organic and acquisitive growth requires in-depth analysis and due diligence of various transactions as well as on the fly discussions and feedback to management.

Solutions

  1. Building trust and confidence with the management of Infinite by ensuring ongoing and continuous feedback both pro-actively as well as on a case by case basis.
  2. Assisting them with various aspects of their business and ensuring statutory compliance at all times.

Q & A with Business

How have you benefited from working with the Nomad Navigation partners?

The team at Cronje & Cronje has provided continuous support as and when our operations needed assistance. We know that they are always readily available to help.

Their advisory consultation on various topics allows us to have greater clarity and insight into certain matters.

How has Nomad Navigator assisted you in evaluating your own business structures and various related business opportunities?

In a fast pace business environment impromptu or formal strategy discussions are regularly required to assist our business to remain industry leaders. Infinite has always relied on Cronje & Cronje to provide good and proper oversight ensuring that the evaluation of transactions and due diligence are sufficiently dealt with.

How has Cronje & Cronje assisted you with financial compliance and ongoing statutory compliance?

Cronje & Cronje provides clarity and certainty when presenting year end accounts advising on various matters including ongoing tax planning.

They always provide feedback on any questions or related queries which financial institutions may have when reviewing the financial position or facilities of the entity.

How has Nomad Navigator assisted Infinite to grow their business to date and into the future?

Infinite is on a rapidly growing trajectory with plans to significantly increase our turnovers in the next 10 years. The insights and continued advisory consultations on various topics including people, brand, structures and systems will be paramount in achieving our strategic goals.

Cronje & Cronje partner comments

Infinite’s business model is fast paced requiring dedicated managing and 24/7 involvement in key areas of the business. Management has managed to build a viable going concern with endless growth prospects. It is very exciting to be part of such a dynamic team.

 

Psychai

    • Business Type: Management and Human Resource Consultancy
    • Business industry: Human Resources, Software development
    • Employee size: 15
    • Regions: Africa and Middle East
    • Customer since: 2015
    • Software Integrations
      • Xero
      • Hubdoc
      • Xero expenses
      • Xero projects
      • Office 365
    • Website: 

Business case

Psychai is a multi-dimensional management consultancy firm specializing in human resource and personal development. Psychai consults internationally on various aspects of management and human resource improvement and has developed the market leading Fully Integrated Talent Tool (fitt), currently utilized by many large multinational organizations across the world.

The expansion of Psychai’s global business profile required international expansion support and systems to support the business.

Challenges

  1. The company’s rapid expansion required systems and processes to support the ever-growing business.
  2. International expansion required the identification and setting up of offshore structures in multiple jurisdictions requiring the implementation of tax efficient business structures.

Solutions

  1. Identifying suitable international regional location for expansion.
  2. Setting up of foreign company and regional offices.
  3. Implementing cross border shareholding structures to ensure financial stability and tax efficiency.
  4. Opening of bank and transactional accounts in foreign jurisdictions.
  5. Implementation of financial systems to support the business.

Q & A with Business

How did Nomad Navigator assist you in setting up your international structure?

Nomad Navigator provided us with a holistic view to international expansion. They took lead in designing and implementing our offshore expansion and ownership structure, allowing our operations to progress seamlessly in a foreign jurisdiction.

“Nomad Navigator provided a holistic view of international expansion.”

What are the benefits of expanding internationally?

Diversified geo-political and currency risk profile including access to foreign stable currencies allowing for financial stability and sustainable international wealth accumulation for future generations.

“Diversifying your country risk profile and access to stable foreign currencies.”

Which financial systems did you implement in your business and what impact did they have?

Nomad Navigator assisted us in implementing numerous systems including Office 365, Xero and Hubdoc allowing our business to become fully digital. These systems allow for scalability as well as supporting our ever-changing needs as a fast-paced growing international service provider.

What are the benefits of the implemented systems?

Information is readily available at any time anywhere. The systems are also scalable and allows for multiple integrations from third parties which is paramount for future expansion.

“Having control and up to date information at your fingertips all the time from any device anywhere.”

Nomad Navigator partner comments

Engaging with the management team of Psychai was an absolute pleasure. We were able to identify their needs and effectively implement strategies to support their international expansion. Our ongoing financial maintenance and structural support allows Psychai to focus on growing their business without worrying about financial administration.

 

TRUE LUBRICANTS

    • Business Type: Manufacturing
    • Business industry: Lubrications and base chemicals
    • Employee size: 45
    • Regions: Africa and Middle East
    • Customer since: 2013
    • Software Integrations
      • Xero
      • Hubdoc
    • Website: www.truelubricants.co.za

Business case

True Lubricants is proudly South African. It was started by Bruce Ireland and is now a well-run family business.

The company is an independent, South African lubrication manufacturer producing the best possible asset protection lubrication.

Bruce has identified the need for quality independent lubrication products to be manufactured and provided into Africa and internationally. However, as the business has grown, there was a need for expertise and advice assisting the family to grow the business further.

Challenges

  1. Taking the business to the next level required thorough assessment of the people, brand, structures and systems.
  2. Expanding internationally requires expertise in setting up tax friendly off-shore structures to service the African and international market.

Solutions

  1. Mapping the requirements of the business ensuring that the current and any future expansion is based on solid fundamentals taking into account their people, brand, structures and systems.
  2. Implementation of suitable offshore structures driving their international business expansion.
  3. Ongoing structural and administrative support

Q & A with Business

How did Nomad Navigator assist your business for the next phase?

Nomad Navigator provided a holistic assessment of our leadership team’s ability and readiness for the future. They assessed and provided in dept analysis of what is needed to take us forward.

How did Nomad Navigator assist with human capital and internal succession planning?

Nomad Navigator compiled competency profiles through assessments and evaluation of team and family members. These competencies were mapped to the specific requirements of the roles within the business, identifying any strengths or weaknesses within our leadership team readying us for future growth.

How did Nomad Navigator structure your financial systems and what impact did they have on your business?

Nomad Navigator implemented Xero and Hubdoc as part of our international structure allowing our business to become fully digital. These systems allow for scalability and supporting our ever-changing needs as a fast pace growing international service provider.

Our information is now readily available at anytime from anywhere and any device. The systems are scalable and allows for multiple integrations from third parties which is paramount for future expansion.

“Systems supporting our ever-changing needs as a fast pace growing international business.”

How did Nomad Navigator assist with your international expansion and what benefits did your international structure provide you with?

Nomad Navigator took the lead in setting up our international offshore structure allowing our business to expand internationally. They provided a holistic view of international expansion and guided us through every step of the way.

We were able to diversify our local political and currency risk to various other regions as well as dealing with certain customers and suppliers without being affected by fluctuating currencies and Reserve Bank Regulations.

“Nomad Navigator provided a holistic view of international expansion, assisting us in diversifying our country and currency risk.”

Nomad Navigator comments

Engaging with the management team of True Lubricant and Supplies was an absolute pleasure. We were able to identify their needs and effectively implement strategies to support their business including people and structures.