Adam Schader Email & Phone Number

Calgary, Alberta, CA

Santa Clara, California, US

• Led successful implementation of NetSuite in half the recommend time (50 business days vs 100 business days)
• Navigated company through first formal audit (and obtained a clean audit opinion)
• Helped upgrade company IT systems and infrastructure
• Redesigned company’s equity compensation plan and implemented Carta (equity management software platform)
• Responsible for all Accounting/Finance, Treasury, Purchasing, IT, HR, and Facilities operations
• Create detailed financial models, analyses, and budgets for executive team and stakeholders

• Work with executive team to restructure the company, revamp go-to-market strategy, and kick off Series C fundraising.
• Negotiate key financial and licensing terms for Savari’s V2X software with major customers (Tier 1 suppliers to major automotive OEMs).
• Work with engineering and operations to drive hardware BoM and manufacturing cost reductions for Savari RSU and OBU products.
• Reduce financial close cycle from 20 days down to 6 days.
• Prepare and present key financial and other relevant information to senior execs and Board members.

Los Gatos, CA, US

• Partner with CEO to successfully lead fundraising efforts to finance company growth.
• Successfully implement new cloud-based accounting software solution and lead Finance staff to greatly enhance team efficiency / effectiveness to reduce financial close from 3 weeks to 4 days.
• Institute formal annual operating budget / planning process, tools, and monthly variance reporting to key stakeholders.
• Partner with executive team to analyze UGC market monetization opportunity and create detailed financial model to support go-to-market action plans.
• Formulate & execute international tax strategy including establishment of foreign entities / bank accounts.
• Manage company cash flow / treasury operations.

San Jose, California, US

• Played lead role in selling BAM Labs, Inc. to Select Comfort ($1B+ IoT company) for $71M.
• Responsible for all Finance/Accounting, Sales, HR, Legal, Facilities, and Operations.
• Partnered with the CEO and executive staff to develop go-to-market strategies/tactics.
• Created detailed financial analyses to determine optimal pricing for product offerings.
• Negotiated and signed with new major medical partner to distribute the BAM Touch-free Life Care (TLC) system.

San Jose, California, US

• Responsible for all financial matters for the company including management reporting and accounting operations (revenue, treasury/banking, general ledger, payroll, financial reports, taxes, etc.)
• Lead negotiations on all key customer and vendor contracts
• Created new financial business model for forecasting (Income Statement, Balance Sheet, Cash Flow)
• Work with CEO to raise Series C Financing including: o Negotiating term sheet with key investors o Preparing all diligence documentation and disclosures o Create investor presentations
• Create company policies and procedures for revenue recognition, purchasing, paid-time-off, security, etc.

San Jose, California, US

• Responsible for Global Financial Planning & Analysis, Purchasing, Project Accounting, and Business Finance Systems ($300M Revenue/$230M OpEx/27 subsidiaries globally).Strategic and tactical initiatives: o Created plan.
• Extensive M&A support experience: o Worked on multiple acquisitions including diligence, financial modeling, meetings with target management and presentations to Board of Directors.
• Prepare and present key financial information for Company: o Audit Committee and Board of Directors packages. o Wall Street financial guidance. o 1 year budgets and 5 year financial/business models to executive team.
• Finance systems leadership: o Steering committee member for ongoing ERP implementation. o Steered weekly IT/Finance meetings to drive creation of new tools and enhancements to existing systems. o Designed architecture.

San Jose, California, US

• Responsible for creating new Global Financial Planning & Analysis office (function did not exist previously) including the creation of annual budgets, forecasts, variance analysis methodology, and coordination with.
• Designed new SQL Financial reporting and analysis tools (both P&L and Balance Sheet) that became the standard reporting tool for all Accounting/Finance personnel globally.
• Steering committee member for new product introduction (NPI) meetings/decision process and provided financial/business-case analysis and recommendations.
• Provided business/pricing support and analysis for Sales team during contract negotiations.

• Responsible for Global Financial Planning & Analysis, Revenue Accounting, and Purchasing ($150M Revenue/$130M Opex/11 subsidiaries).
• Contract negotiations/Pricing: o Played critical role in several important contract negotiations including new contract amendments with Dell ($30M+/year customer) and Nextel/Sprint Wireless ($3M+/year customer). o.
• Financial lead on all M&A activities.
• Reviewed/approved revenue recognition for all major contracts in connection with relevant literature (SOP 97-2, EITF 01- 09, EITF 99-19, etc.).
• Served on SOX Steering Committee: o Brought in new outsource partner that improved work product quality and saved the company $500k/year.

• Responsible for Global Financial Planning & Analysis and Revenue Accounting ($150M Revenue/$130M Opex/11 subsidiaries).
• Finance lead for sale and integration of Roxio/Sonic merger: o Worked closely with IT and Accounting to implement new ERP system for the combined company. o Designed and implemented new GL and Chart of Accounts.
• Managed market and competitor analysis utilizing various research tools (NPD, IDC, Beyen, etc.) and made recommendations to executive staff based on analysis results.

• Responsible for Global Financial Planning & Analysis and Revenue Accounting for Roxio Software Division ($75M Revenue/$70M Opex/5 subsidiaries).
• Played a critical role in the sale of the Roxio software division to Sonic Solutions: o Assembled all financial and marketing information for the proposed transaction and presented to investment bankers and prospective.
• Responsible for forecasting all revenue and OpEx for software division.
• Worked with legal and sales to review/negotiate contract terms.
• Analyzed current cost structure to identify areas for streamlining/optimizing business and increasing profitability.
• Worked with Operations to implement simple packaging design change that saved the company $250k/year.

• Responsible for Global Revenue Accounting ($140M Revenue).
• Ran weekly revenue call with executive staff to review current revenue situation and review marketing and sales updates/status reports.
• Helped develop SaaS-like subscription business model for Napster division.o Developed cash forecasting/collections model and process for Napster subscription revenue.
• Provided contract review and analysis for retail, distribution, and OEM revenue agreements.
• Reviewed and applied appropriate literature (SOP 97-2, EITF 01-09, EITF 99-19) in connection with the contract review process.
• Managed licensee royalty audit program.o Increased revenue opportunities by identifying licensees that were potentially underreporting royalties and decreased liabilities from OEMs claiming overpayment.

Bachelor Of Science - Bs, Accounting

Master Of Science - Ms, Accounting