Frank Simono Email & Phone Number

Accounting and Shared Services LeaderDriven Operational Excellence Leader | Team BuilderIntellectually curious. Customer focused. Enjoys building & developing engaged teams. Partners with multiple teams to deliver solutions. Go to guy for tough transactional problems. Continually developing, maintaining and improving standard processes. Strategic Thinker | Problem Solver | Team Builder | Trusted Manager | Systemic Thinker ExperienceEcentria, Northbrook, IL 2021 - 2024Senior Manager of AR and AP Improved AP processing productivity by 100% thru establishment of metrics/goals and by LEANing processes. Reduced % of invoices processed late from 13% to 7%. Increased % of invoices processed automatically from 41% to 60%. Created and implemented workflows for product returns, chargebacks, credit, and collections that reduced effort and cycle time as well as providing more accurate accruals for bad debt and supplier returns.BRIGHTSTAR CASH AND TREASURY MANAGEMENT, Libertyville, IL 2019 - 2021Senior Director Optimized cash position and collateral forecasting for a $5 Billion Business Unit; stretched payables 5-7days (avg) improving net working capital by $6Million; Maximized asset borrowing base by optimizing timing of purchase and sales. Lowered interest expense on borrowing by producing effective and reliable short and longterm cash and collateral forecasts Contributed to reduction of over $1m of interest on borrowed debt by through effective use of various borrowing instruments and accurate ST/LT cash and collateral forecasts. Maximized net working capital and asset borrowing base by optimizing timing of major purchases, stretching payments within acceptable limits and collaborating with sales teams on shipments & collections  Partnered with key vendors and customers for setup / exit from doing business with Brightstar including nego-tiations of final settlements with major retailers. This released over $500,000 in reserves to incomeBRIGHTSTAR SHARED SERVICES, Libertyville, IL 2012 - 2019DirectorInstalled best in class AR and AP functions; Led and developed a team of process experts; Created a standard end to end process; Optimized operational effectiveness (LEANed) for key business processes for Order to Cash and Procure to Pay Successfully moved Transactional Processing (AP and AR functions) to Costa Rica  Won - Libertyville SSC Team 2018 Q1 Quarterly (Bronze) and 2018 Annual (Gold) Award for "Inspired Team-work” for the Costa Rica project

Listed skills include Cash, Accounting, and Retail.