Harry Vasels

Harry Vasels Email and Phone Number

Vice President Financial Analysis at South Central Inc @ South Central Inc
evansville, indiana, united states
Harry Vasels's Location
Nashville, Tennessee, United States, United States
Harry Vasels's Contact Details
About Harry Vasels

Financial Leader known for revamping operations and acquiring/divesting/liquidating companies. My special talent is revamping systems to create data transparency driving data-based decisions. I am also known for launching new divisions and departments to improve operations.Colleagues and peers from South Central AV, South Central Media, and Martin Companies recognize my ability to lead critical initiatives. I excel at identifying areas for improvement and introducing new workflows and technical solutions to automate and improve processes. Successes include:NEW BUSINESS MODEL (South Central AV): Initiated an 18-month project to deploy a new fully integrated system (Solutions360) centralizing operations, sales, CRM, customer service, project management, accounting, and finance. Internal conflicts dissipated, the process error rate dropped, and management gained a daily view of operating results and metrics.MERGER & ACQUISITION (M&A) (South Central AV): Directed company acquisition and 5-month integration of $6M business (1/3 South Central AV size). Successfully integrated 24 employees to expand business footprint in new niches without employee or customer attrition.DIVESTITURE & LIQUIDATION: Lead divestiture of 6 divisions ($450M in sales) of diversified retail, service & manufacturing corporation in 2003. Took charge to lead the financial focus of the divestiture of $63M sale of company in 2014 & $23M sale in 2019.CLOUD-BASED PLANNING & BUDGETING SYSTEM (South Central Media): Converted manual MS Excel process to fully integrated Cloud-based system delivering forecasting, reducing budget errors by 80%, and decreasing process time from 12 to 6 weeks.E&P DIVISION SALE (Martin Companies): Worked with a potential buyer to demonstrate value and fit of division up for sale. Concluded $122M sales – twice the book value of the division.SPECIALTIES:Executive Team Member & AdvisorStrategic Planning & LeadershipFinancial Analysis & ModelingM&A Analysis & Integration / DivestituresChange Management / External AuditsForecasting / Planning / BudgetingAccounting Policies / Financial Reporting

Harry Vasels's Current Company Details
South Central Inc

South Central Inc

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Vice President Financial Analysis at South Central Inc
evansville, indiana, united states
Website:
southcentralinc.com
Employees:
5
Harry Vasels Work Experience Details
  • South Central Inc
    Vice President Finance
    South Central Inc Nov 2019 - Present
    Evansville, Indiana, United States
    Assisted the firm’s portfolio companies in their year end and ongoing accounting and financial matters, participated in review of potential acquisition candidates, converted ERP from Great Plains to Sage Intacct,.
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  • South Central Av
    Chief Financial Officer (Cfo)
    South Central Av Jun 2015 - Nov 2019
    Nashville, Tn
    After leading the integration of new business acquisition into South Central I became CFO for the company. Led 17 personnel across Accounting, Finance, Administration, IT, and partner coordination. Directed/oversaw annual and strategic planning and budgeting processes. Managed cash/working capital. A trusted advisor to President.BUSINESS LIQUIDATION: Led 6-month divestiture and closedown of South Central AV (family business) meeting all obligations.INVOICING / COLLECTIONS / WORKING CAPITAL: Planned and directed replacement of legacy ER with a fully integrated system improving invoicing and collection procedures. The result was a 30%+ improvement in invoice timing, reduced error rates, and collections improvement of 30-45 days. Dramatically lowered 90+ days AR resulting in a significant increase in cash/working capital.CRITICAL PARTNER SAVE: Identified/built business case for a solution to save failing partner relationship delivering 50% of recurring cash flow. Hired/trained dedicated resource to manage the relationship. Resolved $1.5M discrepancy and relaunched critical relationships.EXECUTIVE DASHBOARDS: Designed financial dashboards (PowertBI) and initiated dashboard development with other groups to deliver data transparency across operations and finance, including snapshot cash position, AR days outstanding, and status of projects.INSOURCED IT: Uncovered issues with the managed service provider (MSP) and developed a financial model to insource IT, gaining dedicated resources to manage updates, upgrade the network, and resolve issues quickly. Regard for IT shifted from negative to positive.FINANCE TRAINING: Instituted 2X yearly online financial training for internal and major partner financial/accounting teams.
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  • Tropical Music Service
    Interim General Manager
    Tropical Music Service Jan 2015 - Jun 2015
    Tampa/St. Petersburg, Florida Area
    Temporary position as General Manager over Administration, Accounting & Operations to assist in integrating this company into South Central AV by mid-2015. The company services its customers by providing sound systems, music, digital signage, hold music, on-hold messages, scent, integrated audio-visual, and interactive mobile marketing solutions in retail & commercial environments.
  • South Central Media
    Chief Financial Officer (Cfo)
    South Central Media Jun 2004 - Dec 2014
    Greater Nashville Area, Tn
    Supervised 10 reports in accounting, finance, administration, and IT areas. Oversaw cash management and planning & budgeting process. Led financial department, systems change, new startup departments, and company sale & liquidation.DIVESTITURE & LIQUIDATION: Took charge to lead sales efforts, and divest/liquidate company in 2014.FINANCE PARTNER: Created a partnership relationship between Finance and operational departments. Encouraged/drove efforts of the Finance team and operational personnel to communicate and develop new financial guidelines enabling business flexibility.DATA-BASED DECISIONING: Upgraded financial and operations systems, set up new reporting, and led efforts to create a culture of data-based decision making. Monitored AR aging trends and highlighted variances to department heads to improve performance.SOCIAL MEDIA MARKETING TEAM: Lead executive in the 1-year launch of successful 10-person Social Media Marketing division. 2008 GREAT RECESSION: Took charge to revamp operations and pay scales to retain 16 out of 20 targeted positions, maintaining morale, generating employee loyalty, and enabling new efficiencies to be implemented.FINANCIAL TRAINING: Introduced online financial training for central office and market-personnel and owner’s accountants.
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  • Martin Companies (7 Divisions)
    Vp Finance, Vp Auditing & Analysis, Merger & Acquisitions Leader, Corporate Troubleshooter
    Martin Companies (7 Divisions) Jan 1990 - Feb 2004
    Houston Texas, Denver Colorado And Chicago Illinois
    Directed 30-member team in Finance, Planning & Analysis, Auditing, project development, and Mergers & Acquisitions / Divestitures. Supervised/oversaw strategic planning for multiple divisions. Managed and led internal and joint venture (JV) teams.NEW BUSINESS UNIT LAUNCH & SALE: Led start of compressor manufacturing business from initial start to final sale to a major US company (valued at $54M at time of sale).LITIGATION & MAJOR CONTRACTS: Point person on major contract negotiations and litigations. Took charge of 3 major litigations and worked with lawyers, experts, and opposing company executives to reach settlements of $12M, $42M, and $125M.LIQUIDS PROCESSING PLANTS: Initiated development of liquids processing plants and as a new business unit. Launched 3 plants with 70 employees.INTERNAL & JV AUDITING DEPARTMENT LAUNCH: Formed new auditing departments to support Joint Venture and internal efforts. Hired and trained 16 individuals.SYSTEM CONVERSIONS: Analyzed operations, identified shortfalls, and recommended/led 4 conversions from legacy systems to updated, modern systems providing data management transparency across 4 divisions.MERGER & ACQUISITION TARGET: Co-identified takeover target company, member of negotiating team, and part of managing team during and after merger.
  • Encina Energy
    Coo & Vp Finance
    Encina Energy Feb 1992 - Sep 1998
    Corpus Christi, & Huston Texas Area
    After leading the Acquisition of the company to become a division of the Martin Companies I was in charge of the operational & financial areas of the $85M company initially headquartered in Corpus Christi Texas. After the Division president left I also was in charge of all sales management as well.

Harry Vasels Skills

Strategic Planning Management Analytics Budgets Online Advertising Digital Media Business Strategy Advertising Social Media Marketing Marketing Strategy Team Building New Business Development Leadership Account Management Marketing Training E Commerce Integrated Marketing Process Improvement Team Leadership Social Media Business Development Digital Marketing Management Consulting Online Marketing Budgeting Acquisition Integration Business Planning Cfos Enterprise Resource Planning Internal Audit Business Process Improvement Microsoft Office Internal Controls Financial Accounting Financial Analysis Mergers And Acquisitions Financial Modeling Planning Budgeting And Forecasting Operational Process Analysis

Frequently Asked Questions about Harry Vasels

What company does Harry Vasels work for?

Harry Vasels works for South Central Inc

What is Harry Vasels's role at the current company?

Harry Vasels's current role is Vice President Financial Analysis at South Central Inc.

What is Harry Vasels's email address?

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What is Harry Vasels's direct phone number?

Harry Vasels's direct phone number is +161536*****

What skills is Harry Vasels known for?

Harry Vasels has skills like Strategic Planning, Management, Analytics, Budgets, Online Advertising, Digital Media, Business Strategy, Advertising, Social Media Marketing, Marketing Strategy, Team Building, New Business Development.

Who are Harry Vasels's colleagues?

Harry Vasels's colleagues are Logan Bitter, Kc Peralta, Adam Unfried, Mykola Lesiv.

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