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Builder of financial systems, accounting controls, and processes for start-up and emerging companies with particular high tech, Ecommerce, software and life sciences industry expertise. Also significant experience in the construction and HVAC industries. Advanced Certified QuickBooks ProAdvisor with expertise implementing QuickBooks Online.I help CEOs and senior executives understand financial implications of strategic and operational decisions; I keep companies out of financial trouble by managing cash, projecting cash requirements, and ensuring operating run-way is sufficient until next funding event or company reaches cash flow positive; I provide financial and operational guidance to executives, pointing out financial trends and explaining operational relevance. Furthermore, I am an action oriented professional who not only reports financial information but leads charge to corrective action. I am a CPA with over thirty years of extensive senior financial experience. In addition to financial expertise, founded and operated software company so I provide unique skill set of a financial professional with in depth operations experience. I am hands-on professional – comfortable working in the details but also capable of presenting top level financial information to senior executives. Selected highlights of my background are:• Advanced QuickBooks Certified ProAdvisor.• M&A experience providing financial evaluation of targets, leading financial due-diligence and coordinating financial integration (engaged in over 15 acquisitions during career)• Extensive experience with various accounting systems including QuickBooks.• Revenue recognition expert, particularly software, “SaaS”, and long term service contracts• Cash management expert, establishing cash forecasting and monitoring processes.• Financial reporting expert, external (10Q and 10K reporting) and internal management reporting.• Budgeting/forecasting expert
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PresidentActeon Advisors Dec 2017 - PresentActeon Advisors - Provides accounting and financial services to small and emerging companies in a variety of industries; specializing in high technology companies plus HVAC installation and services companies.Certified QuickBooks ProAdvisor, installing and implementing QB on line and desktop for clients. Provide operational advice as well as financial advice to entrepreneurs. Duties typically required to set up accounting systems and processes; financial planning; cash management and cash projections; financial reporting; budgeting and forecasting; and financial analysis as required. QuickBooks and financial modeling expert. Most recent clients include Docent Health, Inc., software and services company; Atlantic Business Technologies, software development; and G&M Service and Comfort Monster, HVAC Services Companies.http://www.acteonadvisors.com
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Chief Financial OfficerAtlantic Bt Jul 2016 - PresentRaleigh, North Carolina, Us -
Financial Director, Hmh Services DivisionHoughton Mifflin Harcourt Nov 2013 - Aug 2016Boston, Massachusetts, UsHoughton Mifflin Harcourt - Provider of pre K-12 educational content and services, combining digital innovation and research ($1.3 Billion)Provided financial support to Education Services division, including budgeting, forecasting, and monthly financial reports. Established accounting and financial process for new technical services division including tracking and managing long term contracts that included software, technical services, and support. Ensure timeliness of billing and proper revenue recognition in accordance with generally accepted accounting rules.http://www.hmhco.com -
PrincipalActeon Advisors May 2016 - Jul 2016Acteon Advisors - Provided accounting and financial analytic services to small and emerging companies in a variety of industries; specializing in high technology companies.Provide operational advice as well as financial advice to entrepreneurs. Duties typically required to set up accounting systems and processes; financial planning; cash management and cash projections; financial reporting; budgeting and forecasting; and financial analysis as required. QuickBooks and financial modeling expert. Most recent clients include Docent Health, Inc., software and services company, Atlantic Business Technologies, software development, and Comfort Monster, HVAC Services Company. http://www.acteonadv.com
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Corporate ControllerChoice Solutions, Inc 2011 - 2013Choice Solutions, Inc. - Developer and provider of enterprise education software, systems, and related professional services including post-implementation support and maintenance for pre-kindergarten through college (“P-20”) information technology needs. ($10 Million)Responsible for entire financial operations of Choice Solutions, Inc. including cash management, financial reporting, client invoicing, accounts payable, accounts receivable, payroll, general ledger, risk management. and financial analysis.Contributions to Choice Solutions• Completely revamped company’s chart of accounts and financial reporting to provide better and more complete financial information.• Established controls over managing and monitoring deferred revenue and revenue recognition of revenue• Strengthened companies collection practices to improve cash management• Key contributor to financial due diligence during the acquisition process by Houghton Mifflin Harcourt
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PrincipalActeon Advisors 2008 - 2011Acteon Advisors - Provided accounting and financial analytic services to small and emerging companies in a variety of industries; specializing in high technology companies.Provided operational advice as well as financial advice to entrepreneurs. Duties typically required to set up accounting systems and processes; financial planning; cash management and cash projections; financial reporting; budgeting and forecasting; and financial analysis as required. QuickBooks and financial modeling expert. Most recent clients included Choice Solutions, Inc. ($10M) acquired by Houghton Mifflin in 2013, Stoplift, Inc. ($3M), and Mindmax, Inc. ($3M). http://www.acteonadv.com
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Co-Founder And PresidentActeon Technologies, Inc. 2002 - 2008Acteon Technologies - Developer of corporate performance management software, including budgeting and forecasting applications for small to mid-sized enterprises.Designed and developed functional specifications for the Company’s flagship product, BudgetGuide; Recruited team to develop the product; Led the marketing effort for distributing the product; Developed channel strategy, Recruiting channel partners; Formulated and executed on corporate strategy; Responsible for all financial operations of the company including identifying and securing outside sources of funding.
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Corporate ControllerMercury Computer Systems, Inc. 1997 - 2002Andover, Ma, UsMercury Computer Systems, Inc. - Provider of commercially developed, open sensor and big data processing systems, software and services for critical commercial, defense and intelligence applications. ($600 Million)Managed entire financial operations with a staff of 16. Responsible for general ledger, inventory and cost management; treasury operations; accounts receivable; accounts payable; financial reporting, risk management; financial analysis; liaison to company external auditors Contributions to Mercury Computer Systems• Key contributor to the company’s initial public offering in 1998 including creating the company’s registration statement and establishing process for creating annual and quarterly public reporting.• Led the accounting organization in completely revamping financial operations including introducing budgeting process to company management and financial organization• Provided leadership in the due diligence and financial review of four acquisition targets -
Treasuer And Chief Financial OfficerDataware Technologies, Inc. 1995 - 1997Dataware Technologies, Inc. - Developer and distributor of data management and search software, including professional services and post implementation support and maintenance ($20 Million)Responsible for overseeing entire financial operations, including banking relations, outside investors, quarterly investor conference calls. In addition, member of senior executive team, providing financial strategic and operational advice.
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Corporate ControllerDataware Technologies, Inc. 1993 - 1995Dataware Technologies, Inc. - Developer and distributor of data management and search software, including professional services and post implementation support and maintenance ($20 Million)Responsible for entire financial operations with a staff of 10, including general ledger, financial consolidations; financial reporting, internal and public reporting (annual and quarterly reports); accounts receivable; accounts payable; liaison to company external auditorsContributions to Dataware Technologies• Developed the company’s first SEC reports, annual and quarterly upon initial public offering in 1993• Developed the company’s first budgeting process and led the company each year in the development of the annual budget with quarterly forecast updates.• Provided leadership in the due diligence and financial review of eight acquisition targets
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Division ControllerGenzyme Corporation 1991 - 1993Genzyme Corporation - Manufacturer and distributor of pharmaceuticals ($1 Billion)Provided financial support to the Senior Vice President and executives of the Bio-therapeutics division. Responsibilities included working with operational personnel to provide bottoms up budgets and forecasts; monthly financial reports for worldwide operations; coordinating periodic inventory counts and reconciliation, and financial analyses as required or requested. Responsibilities required occasional international travel.
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Financial ControllerGenzyme Corporation 1987 - 1991Genzyme Corporation - Manufacturer and distributor of pharmaceuticals ($1 Billion)Managed staff of 10, responsible for Accounts Payable, Accounts Receivable, General Ledger, Monthly closing of financial books, internal management reports, external management reports (10K, 10Qs, etc.) and financial analysis as required. External reporting included not just the corporate entity but also certain public research companies. Furthermore, led financial due diligence on three acquisition targets
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Accounting ManagerFidelity Management And Research Company 1985 - 1987Managed a staff of 10 responsible for general accounting, budgeting, financial analysis, monthly internal reporting, and preparation of the Company's annual report
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Assistant TreasurerFidelity Mnagement And Research Company 1983 - 1985Coordinated preparation of financial reports, prospectuses, and all public financial documents for eight to ten Fidelity Mutual Funds, including Fidelity Magellan Fund, Fidelity High Income Fund, and Others
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Senior Internal AuditorHoneywell Information Systems 1980 - 1983Charlotte, North Carolina, UsCoordinator operational audits at various Honeywell branch offices -
Senior AuditorCoopers And Lybrand Llc 1976 - 1980Staff accountant and auditor - Industries served included software, healthcare, financial services, insurance, and manufacturing
Chris Lorch Skills
Chris Lorch Education Details
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Boston CollegeAccounting
Frequently Asked Questions about Chris Lorch
What company does Chris Lorch work for?
Chris Lorch works for Atlantic Bt
What is Chris Lorch's role at the current company?
Chris Lorch's current role is President, Acteon Advisors.
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What is Chris Lorch's direct phone number?
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What schools did Chris Lorch attend?
Chris Lorch attended Boston College.
What are some of Chris Lorch's interests?
Chris Lorch has interest in Children, Skiing, Civil Rights And Social Action, Environment, Education, Leading Edge Technologies, Science And Technology, Running, Tennis, Travel.
What skills is Chris Lorch known for?
Chris Lorch has skills like Budgets, Finance, Mergers And Acquisitions, Accounting, Start Ups, Financial Reporting, Revenue Recognition, Due Diligence, Managerial Finance, Process Improvement, Strategic Planning, Analytics.
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