Jerry Scherer Email & Phone Number

Glencoe, Il

The purpose of this consulting practice is to build risk models for companies. Such models serve to illustrate the risk involved prior to the company committing any dollars to a proposed project, investment, new product introduction or any other item calling for a demand against precious company resources. These models are like flying in a flight simulator.

Schiller Park, Il

Manor Tool acquired Vogel Tool in November 2009. I was one of four Vogel people asked to join Manor. The challenge at Manor was to integrate Vogel's financial statements (maintained using Visual ERP Shop Floor Control and Accounting Software) into Manor's financial statements (maintained using the GlobalShop System Software). Additionally, there was the challenge of adding Vogel's extensive number of inventory parts and assemblies into Manor's records so that quantities could be tracked, jobs could be created to replenish supplies and inventories could be brought under control. Key Achievements: Spearheaded the transition from Vogel’s VISUAL® ERP Shop Floor Control and Accounting software into Manor’s GLOBAL SHOP® system. Strategically restructured financial reporting processes in accordance with organizational changes. Vogel’s bank account and credit card charge capability for Vogel customers needed to be established at Manor’s bank. Analyzed most cost effective way to do this and took care of all matters related thereto, Set up a tracking mechanism for Manor’s liability to the former Vogel owner.

Stone Park And West Chicago, Il

TES Tube acquired all of the assets of Vogel Tool & Die in June 2002. For both companies, I was responsible for all aspects of the financial function. Major responsibilities: Working closely with the President and General Manager in the development of financial reports and metrics to aid in the management of the operation. Preparing financial reports, developing budgets, and performing variance analysis in accordance with business plan.  Compiling periodic financial reporting packages for senior management.  Carrying out internal audits to ensure compliance and operational efficiency/accuracy.  Building and leading teams in carrying out special projects.Key achievements: Reduced monthly closing cycle by three days (50%) with identification and recommendation of enhanced closing procedures. Analyzed profit contribution from all major sales orders. Led the team to change accounting and shop floor control software from Job Boss to Visual Manufacturing. Performed monthly analysis of key balance sheet asset and liability accounts. Developed strong banking relationships and made effective presentations which enabled the Company to secure $500,000 of necessary financial support to achieve its objectives.

Skokie, Il

Managed the partnership and provided decision support to middle market companies through the use of powerful PC based models. These models utilized linear programming and/or Monte Carlo simulation to illustrate either the optimal result or a range of possible outcomes before hard dollars were committed to a project. PIMS (Profit Impact of Market Strategy) Models were also utilized.We also assisted clients in product pricing decisions, utilizing Profit Contribution Analysis.Key achievements: Created decision support spreadsheet models (“best outcome” and “range of outcomes”) to assist clients in developing appropriate strategies before commitment of resources. Developed strong ties to software developers in carrying out our mission.

Glencoe, Il

In my previous employment with Northwest Industries, I developed a mainframe based decision support system to assist the Treasury Department in the management of bank revolving credit and institutional investor debt portfolios. Northwest was subsequently acquired by Farley Industries and, upon leaving Northwest, I negotiated with the management of Farley to take these mainframe based systems for my own use. From these systems I developed a product called AXXIOM which I attempted to market to Treasury Departments of companies having the same mainframe capability as Northwest had. I found that many companies were moving toward PC based programs. Thus, I developed similar functionality using similar software which thrived in the PC world.Significant accomplishments:Developed AXXIOM, a twenty-first century Treasury Management system.Entered into a consulting agreement with Manufacturers Hanover Trust to review and evaluate their PC-based Treasury Management offering.Developed the relationships with software developers of linear programming and Monte Carlo simulation PC-based software.Formed The January Group to bring these tools to middle market companies.

Chicago, Il

Directed the Corporate Accounting function of these multi-billion dollar conglomerates. Northwest acquired P&R in 1968. Moved rapidly in the organization from Consolidation Accountant to Manager of Treasury Operations to Assistant Treasurer.Key achievements: Maintained effective rating agency relationships enabling the Company to secure lower interest rates in its public and private financing efforts. Managed a portfolio of $1.1 billion in revolving credit agreements with 32 domestic and international banks. Developed computer based systems to provide support for borrowing decisions. These systems were instrumental in lowering annual interest and financing costs by over $1 million dollars.