Lourandi Kriel

Managing Director at Africa Cosmos
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Contact Information
us****@****om
(386) 825-5501
Location
South Africa, ZA
Languages
  • English Native or bilingual proficiency
  • Afrikaans Native or bilingual proficiency
  • Xhosa Elementary proficiency
  • Spanish Elementary proficiency

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Marion C.

I was impressed how Lourandi managed the full business and people - Cartrack Philippines - despite all the challenges we faced last year due to Covid. She ensured that every department were in place and able to operate optimally, even in a very short period of us working with her. She always approach and execute strategically, finding new ways and deliver good result for the business. A pleasure working with you.

Jeddalyn Pardo

I have had the privilege to work with Lourandi for nearly a year and witnessed how her leadership has brought our team to the next level. She is passionate, results-driven, strategic and ensure every decision is fair for everyone. Despite all the challenges, she was able to build a team in the Philippines remotely and managed to keep the team on track. She has an excellent work ethics and if given a chance, I would be more than happy to be working with her again.

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Credentials

  • NeuroLeadership/Results Coach
    NeuroLeadership Institute
    Jan, 2018
    - Oct, 2024
  • CA (SA)
    SAICA CA(SA)
    Jan, 2007
    - Oct, 2024

Experience

    • E-Learning Providers
    • 1 - 100 Employee
    • Managing Director
      • Sep 2021 - Present

      Empowering People for Greatness. Empowering People for Greatness.

    • South Africa
    • Security and Investigations
    • 700 & Above Employee
    • Managing Director - SBVCS & Academies
      • Sep 2021 - Present

    • United States
    • Staffing and Recruiting
    • Founder | CEO | CFO
      • Feb 2021 - Present

      • Venture Advisors, Architects, Executionist, Strategists• Outsourced and Cloud CFO and Back-Office services• Improvement and Turnaround Specialists• Business Process Engineers• Business, Entrepreneur and Professional Coaching and Mentoring • Venture Advisors, Architects, Executionist, Strategists• Outsourced and Cloud CFO and Back-Office services• Improvement and Turnaround Specialists• Business Process Engineers• Business, Entrepreneur and Professional Coaching and Mentoring

    • Singapore
    • Information Technology and Services
    • 1 - 100 Employee
    • Country Manager (CEO) Philippines
      • Jan 2020 - Dec 2020

      CEO of the Philippines business (remotely from Singapore since March) delivering end-to-end business improvement and management. Launched dealership sales channel in the Philippines and enhanced the call centre and corporate sales channel. Improved financial and operational reporting by migrating financial and client data from old systems to new systems Notable Achievements• Negotiated, obtained and developed the Cartrack HQ in Manila and office space in Cebu City to accommodate company growth. Recruited, appointed, onboarded and trained 38 recruits to fill all vacancies (67% HC Vacancy)• Grew unit sales from 170 to 248 units/per month average: unit sales consistently increasing month on month • Reinvented Collection and Billing; increased average cash collection rate from 38% to 53% and delivered highest collection rate since 2018 of 70%, all during unprecedented times with public transport paralysed by the Covid pandemic • Decreased outstanding client tickets from 863 to 37 open tickets, improving customer service and satisfaction • Increased customer retention and net customer growth by 31% and increased client engagement by 26% across all web and app platforms

    • South Africa
    • Software Development
    • 1 - 100 Employee
    • Chief Financial Officer
      • Apr 2018 - Jan 2020

      Created a strategic vision, streamlined the finance operation and improved strategic execution to ensure the business was attractive to potential investors for a second round of capital raise. Transformed finance function and upskilled staff. Built and implemented accurate financial reporting, budgeting, daily cash flow management, governance (audits) and forward revenue analysis. Improved existing and added future revenue channels. Partner and trusted advisor to the external private equity investor and drove the compilation, finalisation of investor packs, analysis and due diligence for a successful second round of capital raise.Notable Achievements• Transformed the Finance function and established a successful high-performance team, providing key transparent, accurate analysis insight and direction to founders and investors• Increased operating profit performance consistently, moving from a loss, through break-even to sustainable profit • Led capital raise negotiations and due diligence with potential investors and secured second-round funding for 5 years

    • South Africa
    • Financial Services
    • 700 & Above Employee
    • Consultant - Interim CFO
      • Jan 2018 - Apr 2018

      Stand-in CFO whilst Reserve Bank approved, appointed and onboarded CFO. Provided general guidance, direction and coaching/training to the Finance team, including asset backed finance business and securitisation as a fund-raising mechanism. Notable Achievements• Successfully coached, developed and accelerated the learning cycle of the team, particularly the Financial Manager and reporting team, taking them from a willing but passive group to a motivated, skilled and high-functioning unit

    • Food and Beverage Services
    • 200 - 300 Employee
    • Global Group Chief Financial Officer
      • Jan 2016 - Dec 2017

      Initially contracted as a management consultant to investigate and make recommendations on key improvement areas in the business. Due to the success of consultancy intervention, appointed by the Board to lead the turnaround and execute recommendations including developing a fully operational back-office consisting of Finance, HR and IT. Upskilled and prepared existing staff and resources. Ensured company was compliant with tax and company laws of South Africa and Cyprus and improved multiple profit drivers in franchisor and franchisee business.Notable Achievements• Delivered a complete business turnaround in 18 months focused on finance, HR, IT, supply chain and operations• Created a full and transparent financial report suite, decision making data and spearheaded training, establishing highly functional teams without losing the entrepreneurial spirit of the business• Reduced supplier accounts from 180+ to 30-60 days overdue, saving and building strong relationships with suppliers that resulted in improved negotiation terms on stock• Increased positive cashflow: the company moved from cashflow negative to positive within 7 months• Increased EBIT by 28.57% in 2015/16 and 23.46% in 2016/17: the first time in 3 years that the targets were achieved• Reduced measurable stock losses from 30% to 11% over 2 years and implemented processes to detect stock theft • Improved company-funded welfare – health-insurance and retirement benefits – without compromising profitability• Improved the group business COSO risk score from 2.6 to 6.3 within 1 year

    • Head of Finance
      • Mar 2013 - Dec 2015

      Led the finance operation for the company, operating as CFO, to ensure financial well-being, growth, sustainability and compliance. Developed and executed business strategy and effective operational systems and teams. Head of the Insurance and Remote Metred Services business.Drove and managed the investor relationships and the M&A by analysing potential buyers to integrate the businesses from a structural, systems and people perspective. Dealt with government bodies like the Competition Commission and Reserve Bank. Notable Achievements• Played a lead role in negotiations, due diligence and sale of the business. Led the integration and alignment of the business into Sasfin, delivering an above-expected P/E ratio for shareholders with minimal warranties negotiated.• Secured $75 million every 2 years via rated notes at less than budgeted costs and directly managed investor relationships• Stabilised the finance division of the business quickly, achieving green audit reports• Developed Finance Manager and Senior Accountant into CFOs

    • South Africa
    • Financial Services
    • 700 & Above Employee
    • Financial Officer
      • Oct 2009 - Jun 2012

      Financial Officer at Nedbank Business Banking. Credit, Risk & Regulatory reporting.Key Activities: • Calculations & Forecasts for Management • Fielding & Resolving Queries for Business Heads, Heads of Credit • Formulating, Testing, Presenting Analysis, Reports • Managing Relationships with Group Finance, Group Risk & MIS • Solution Development • Compiling Year End Audit Pack Financial Officer at Nedbank Business Banking. Credit, Risk & Regulatory reporting.Key Activities: • Calculations & Forecasts for Management • Fielding & Resolving Queries for Business Heads, Heads of Credit • Formulating, Testing, Presenting Analysis, Reports • Managing Relationships with Group Finance, Group Risk & MIS • Solution Development • Compiling Year End Audit Pack

    • Manager
      • Jan 2006 - Sep 2009

      3 Years as a Trainee Accountant to become a certified chartered accountant. Qualified as a CA (SA) on first attempt. Promoted to an Audit Assurance Manager in 2009. Clients included but was not limited to major, JSE listed entities – MTN, Kagiso Media, Omnia Holdings, Independent Newspapers, entity within the Vodacom Group etc. 3 Years as a Trainee Accountant to become a certified chartered accountant. Qualified as a CA (SA) on first attempt. Promoted to an Audit Assurance Manager in 2009. Clients included but was not limited to major, JSE listed entities – MTN, Kagiso Media, Omnia Holdings, Independent Newspapers, entity within the Vodacom Group etc.

Education

  • Gordon Institute of Business Science
    MBA, Business Administration and Management, General
    2010 - 2011
  • University of South Africa/Universiteit van Suid-Afrika
    Honours Bachelor of Accounting Science
    2006 - 2006
  • Stellenbosch University
    BComm Accounting, Accounting
    2002 - 2005
  • Hoër Meisieskool Bloemhof, Stellenbosch
    1997 - 2001

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