Client: Skudo Group
Key Contact: Carlton Bone, Director -Operations
Industry: Manufacturing Construction Protective Products

Background

Skudo Group, originally established as Thermatech, is a pioneer in innovative construction protective products. Their flagship product is a semi-permanent drop sheet that protects concrete substrates during construction. This unique solution, combining a wet latex base with a specialised mat, can withstand heavy traffic from forklifts and machinery, and is easily removable, leaving a pristine surface underneath. This innovation has garnered multiple awards at the prestigious World of Concrete event in Las Vegas.

Key Challenges

Skudo Group faced significant hurdles in their journey from carpenters to manufacturers of cutting-edge construction products. Key challenges included:

  • Lack of expertise in supply chain management and international trade.
  • Complexities of handling international currencies and product pricing.
  • Need for a robust system to manage their expanding operations across multiple continents.
  • Gaps in their knowledge of trademarks, IP, and quality control.

Altias Advisory’s Role

Altias Advisory stepped in as more than just accountants; they became strategic partners in Skudo’s growth. Ben from Altias played a crucial role in addressing the company’s challenges by:

  • Providing outsourced CFO services, handling the entire finance and accounting backend.
  • Assisting with the development and pricing of new products.
  • Managing international currency issues related to manufacturing in China, the USA, Europe, and Australia.
  • Implementing Cin7 to streamline supply chain management and rolling out Monday.com for global communication among distributors and manufacturers.
  • Facilitating the establishment of Skudo’s US distributor.
  • Offering comprehensive support in trademarks, IP, and negotiating better arrangements with suppliers.

Impact

With Altias Advisory’s guidance, Skudo Group experienced significant growth and operational efficiency. Regular monthly meetings and a hands-on approach ensured that all aspects of the business were covered. The implementation of Cin7 and Monday.com revolutionised their operations, providing a clear platform for distributors and improving overall communication.

“Working with Altias Advisory has been transformative for our business. Ben identified our shortfalls and either stepped in or brought in other experts to bridge those gaps. From implementing Cin7 to managing our entire supply chain and handling international currency issues, Altias has gone above and beyond the role of a typical accountant. Their personalised service and dedication to doing the right thing have been invaluable. Without their support, we would have faced numerous challenges alone. Altias Advisory is not just a service provider; they are a trusted partner in our success.”

— Carlton Bone, Director – Operations, Skudo Group.

By partnering with Altias Advisory, Skudo Group has not only overcome significant challenges but has also positioned itself as a leader in the construction protective products industry. Their continued innovation and growth are testaments to the strategic support and expertise provided by Altias Advisory. 


Related Article: Why Altias Advisory Recommends Cin7: A Complete Overview