Over 35 years of experience with IT Conversions and designing and implementing accounting systems, driving from the trial balance through the financials.
I have worked with family owned businesses as well as Private Equity owned firms and truly understand the needs and desires of both. I can work with your finance team (person) to review your current accounting structure from General Ledger through the financials to ensure it is fitting your needs today and what you may need for the future. Knowing your audience is key in communication and presentation of the financials and we can meet with users to best understand.
Working as a CFO for two different Private Equity firms has enabled me to “live” and operate in this high paced environment. We can discuss and plan if you are considering “Private Equity Investment” in the future or you are currently Private Equity owned.
I have worked with family owned businesses as well as Private Equity owned firms and truly understand the needs and desires of both. I can work with your finance team (person) to review your current accounting structure from General Ledger through the financials to ensure it is fitting your needs today and what you may need for the future. Knowing your audience is key in communication and presentation of the financials and we can meet with users to best understand.
- Chart of Accounts - establishment to properly capture the critical segments of the Business while incorporating current accounting standards
- GL Coding – Proper coding of vendor, customer and purchase and sale transactions in your business system will lead to an accurate Trial Balance and Financials
- Report Writing and Exporting of Data – Implementation and use of extract and reporting tools to customize financial statement preparation, use in creating dashboards, metrics for analysis
- Monthly Financial Package – Create a set of financials to share and communicate with top management, ownership (Board Meetings) that not only analyzes historical trends, but forecasts vs Budget, Prior, etc.
- Bank or Lender Reporting – Timely filing of all Financials and Covenant requests quarterly or whatever cadence is required of the bank. Forecasted Covenant calculations to ensure Compliance throughout term of loan
- Cash Management – Preparing a 13 Week Cash Forecast to project out inflows from customers and disbursements to vendors to maintain strong vendor relationships while maximizing your current cash balance or minimizing your loan balances. Experience and knowing your vendors and customers is both an art and a science
- Audits, Reviews, Compilations – Preparation of work papers with supporting balance sheet reconciliations and documentation to allow for a smooth independent 3rd party audit/review. Building a rapport with Auditor to understand what they want, when and with what levels of support
- Physical Inventory Year end and Cycle Counts and Obsolescence Management
- Ongoing maintenance of your physical inventory, tied to your GL Inventory and review of your excess, slow moving and obsolete inventory, looking for options to sell, consume
- Cycle counts throughout the year can lead to less shrinkage at year end as errors can be analyzed and process improvements put in place
- Operating in a Private Equity Environment
Working as a CFO for two different Private Equity firms has enabled me to “live” and operate in this high paced environment. We can discuss and plan if you are considering “Private Equity Investment” in the future or you are currently Private Equity owned.
- Timely, accurate reporting in consistent format with Private Equity Portfolio requirements
- Ongoing verbal and written communication, as Private Equity firms do not like “surprises”
- Cadence of Board meetings and proper preparation of “PowerPoint deck” along with focuses presentation at meetings
- Focus on Private Equity timeline to “hold your entity” and building value through EBITDA growth, both organic and through acquisition
- Creating an entity that the next Private Equity buyer will desire to own and grow
- I have worked in a private equity environment for 15 years, a full cycle from acquisition in 2006, to sale in 2019. Also, then worked for a second private equity firm, through acquisition as they went from the "Buyer" to "Owner," and successfully established policies, procedures, and a strategic plan, while financially managing the firm through COVID-19, focusing on cash flow, HR related items of employee safety, health and retention, and obtaining and received a 100% waiver on receipt of PPP Funds.
