Dávid Kovács Email & Phone Number

Budapest, HU

Budapest, Budapest, HU

• KED SERVICES LTD. (boutique management consulting company)contracted Managing Director & Senior ConsultantBC Group (manufacturing and construction material trade company) (net revenue EUR 5 million, over 100 employees)
• Developed an end-to-end process to manage request for quotations (RfQs) in a timely manner.
• Generated a EUR 107k profit improvement in less than a year through the rationalization of the supplier portfolio - terminated relationships due to quality issues; renegotiated existing contracts and renewed agreements.
• Delivering an expected EUR 300k+ profit improvement in the upcoming years through optimization and strategic planning. Created business plans for all group entities; started to develop policies and define workflows to.
• Built a controlling and cash management system from the ground up. Helped Udemx to quadruple its profit margin in less than 2 years.DnT Systems:
• Set-up a new startup focusing on cyber-security.Other projects

Szeged, Csongrád, HU

Szeged, Csongrád, HU

Budapest, V., Budapest, HU

• Monitored and controlled the financials of portfolio companies. Carried out NPV (Net Present Value) and IRR (Internal Rate of Return) calculations; developed cash-flow forecasts. Prepared monthly/quarterly financial.
• Coached and mentored startup founders – often acted as a trusted management advisor. Gained industry experience in logistics, software development, pharma, engineering, cybersecurity, and IT.
• Led sophisticated multi-stakeholder negotiations, harmonized conflicting interests, and successfully facilitated critical business decisions.
• Laid down the right foundations for future (2nd, 3rd round) capital investment - helped startups with processes, organizational structure, strategy, and sales. Facilitated the investments of millions of euros.
• Improved transparency by building a controlling system for outsourced accounting functions.

London, England, GB

• Led the reorganization of the company due to the merger of Fiat and Chrysler. Harmonized the Hungarian, Slovakian, and Czech operations, including logistics, pricing, finance, treasury, and invoicing. Achieved to save.
• Optimized the overall financial performance of the company by using strategic treasury and cash management solutions (e.g., currency hedging, transfer pricing).
• Drove the improvement of gross profit by EUR 11,4 million - made warranty changes, set new pricing options, closed unhealthy operations, and established a new discount spending approval process.
• Managed two tax audits without any material finding and successfully closed one internal audit.
• Supported more in-depth data analytics by rebuilding the regional finance ERP items in a 36-level matrix.
• Developed in-house risk management and a credit collection system from scratch due to the unexpected termination of FCA’s stock financing partnership.

London, England, GB

• Introduced a more transparent incentive management system by implementing a new web-based application. Created a straightforward process, which eliminated anomalies and made planning and administration easier.
• Developed and implemented a highly profitable strategy for aftermarket sales.
• Saved more than EUR 270k on overhead costs by optimizing operational processes.
• Led the growth of the finance & controlling team from 4 to 8 people - monitored and coordinated budgeting, forecasting, and month-end closing processes.
• Built local risk and collateral management processes, which enabled me to manage the financial crisis without any material write-offs (the total amount was under EUR 100k between 2008-2012).
• Led and managed a global IT migration project, from planning to execution as a Project Manager. Achieved to deliver a smooth transition (data migration, process changes, administration, etc.).

London, England, GB

• Created budget plans and forecasts; prepared reports (e.g., P&L, Balance Sheet, Cash Status) and analysis (e.g., margin analysis). Managed the month-end closing process. Ran ad-hoc financial simulations.