Cape Town, South Africa - 12 July 2023 - IDU, a leading provider of budgeting, forecasting, and variance reporting solutions, is pleased to announce the appointment of Shawn Lamprecht as Chief Financial Officer (CFO). This promotion reflects IDU's commitment to recognising exceptional talent within the organisation and supporting its continued growth and success.
Shawn Lamprecht, a Chartered Accountant (CA) with over 20 years of financial experience in various sectors including Media, Retail, and Software, has been an invaluable member of the IDU team since 2018, serving previously as the Group Finance Manager. With his extensive qualifications, skills, and deep understanding of finance, Shawn is well-positioned to take on the role of CFO bringing invaluable financial leadership to the management team.
Kevin Phillips, CEO of IDU, expressed his enthusiasm for Shawn's promotion, stating, "We are thrilled to appoint Shawn Lamprecht as our Chief Financial Officer. Shawn has established himself in the Finance Manager role and is now ready for the next challenge. His attention to detail, broad knowledge of financial and tax matters, and his desire to improve processes and profitability throughout the company make him an ideal fit for this position."
As the CFO, Shawn will play a vital role in shaping the company's long-term growth and profitability strategies. His achievements in digital transformation, including implementing a cloud-based financial system to improve scalability and leveraging data analytics for informed decision-making, have demonstrated his ability to drive innovation and deliver results.
Expressing his excitement about the new role, Shawn said, "I am looking forward to my new role IDU. I embrace the challenge of spearheading the company's financial strategy while continuing to cultivate strong relationships with key stakeholders both within and outside of the business. Furthermore, I remain dedicated to keeping up with the latest financial trends and technological advancements, to ensure that IDU maintains its position as a pioneer in our ever-evolving industry.”
Shawn's promotion to CFO aligns with IDU's commitment to broadening its management structure and providing the necessary balance as Kevin Phillips, CEO, transitions to a role further removed from the financial function. This strategic move emphasises IDU's dedication to achieving its long-term goals and maintaining its position as a leading provider of budgeting, forecasting, and variance reporting solutions.
About IDU
IDU was created in 1997 by accountants and financial systems specialists to deliver innovative software solutions for budgeting and financial reporting across all standard ERP and financial systems. The flagship product, IDU-Concept, is specifically designed to simplify and speed up financial management with budgeting, forecasting & reporting tools that are accessible to non-financial managers.