Jim Legates Email and Phone Number
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I "thrive" on dysfunctionality - let those companies come!Entrepreneurs are the bread and butter of our country - they usually need help getting the company from stage 1 to stage 2 - and managers who are use to static growth don't have the skill set for problematic times. I'm there to help - consigliore - strategist - and friend. I've worked with VC, IB, PE. I'm there to get your company to the next stage.Fundamentally I have the following personal characteristics: ⌘ Strategic and financial skills – Strong analytical capabilities and overall business acumen. Financially savvy and understanding the economic levers behind increasing EBITDA and cash flow. Able to analyze situations and develop strategic options;⌘ Achievement Orientation – High energy, results-driven, determined, and flexible, with a strong and disciplined work ethic;⌘ Leadership Capability – Leadership acumen and credibility to work across the entire organization and develop talent. Hands-on but able to delegate appropriately with the ability to motivate, inspire and commit an organization to a course of action and achieve results; ⌘ Global Perspective – Experience operating in a global business environment;⌘ Communication Skills – Excellent verbal and written communication skills with the ability to listen. Can deliver strong presentations in front of groups; ⌘ Team Player – Ability to work effectively with all people within the organization to ensure customers’ needs are being exceeded including internal clients. I view the organization holistically rather than functionally.
Convergence Technologies, Inc.
View- Website:
- convergencetec.com
- Employees:
- 37
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Convergence Technologies, Inc.Riviera Beach, Florida -
Chief Financial OfficerMerchant Lynx Services Mar 2023 - PresentPalm Beach Gardens, Florida, UsMerchant Lynx Services (MLS) is National high growth Wholesale FSP (Full-Service Provider) and Merchant Acquirer, serving ISO's, Agents, and Merchants since 1994 and is a registered ISO with Esquire Bank, N.A., Jericho, NY. Merchant Lynx Services (MLS) is the home of Compliant Cash Discount and Award-Winning U.S. based Customer Service. Specializing in retail portfolio and agent merchant acquisitions. • Manage Finance and Accounting • Coordinate audit and tax planning • Portfolio analysis for purchase and ISO/ISV profitability -
Chief Financial OfficerConvergence Technologies, Inc. Apr 2018 - Mar 2023Riviera Beach, Fl, UsNational high growth (+26%) a year high tech firm with three operating companies: provides business technology platforms, internet protocol (IP) credit card processing, digital voice services, broadband network services, cell towers and hardware infrastructure and resources. Convergence Technologies, Inc. was founded in 1995, formed new company in 2018. Offices in three states, and presence in Canadian and EU.• Stabilized NetSuite ERP implementation through 2018 from an aborted previous ERP in 2017• Due diligence on possible acquisitions• Coordinated audit and tax planning• Oversaw Human Resources, payroll, benefits and onboarding of new employees• Realigned accounting and finance staff to better support operating divisions• Reestablished Florida based company from several subsidy based states and established company budgeting -
Chief Financial Officer / ControllerEllis, Ged & Bodden, P.A. And The Ged Companies Oct 2013 - Mar 2018High growth, multi-state company with 200 FTE’s (30 Attorneys) with offices in FL (Boca Raton, Tampa, Tallahassee, Melbourne, Orlando, and Sarasota), NY, and NJ and offices planned in 3 other states. Very transactional 15,000 open cases, high revenue in 5 major departments; Personal Injury, Wrongful Death, PIP, Real Estate and Disaster Recovery. Large Real Estate holdings.• Responsible for Accounting, Finance, Risk, Tax, Treasury, and Strategic Planning.• Stabilized firm through financial realignment in late 2013 - early 2014 and later 2016-2017• Established Policy and Procedures for Accounting and Trust Departments including the maintenance and auditing of all key financial processes and controls• Coordinated the annual budget and periodic re-budget throughout the year • Drove the monthly close process and constantly identified and implemented best practices• Worked with third party accountants to provide data for completion of year-end tax planning• Worked closely with Human Resources for payroll, workers comp and tax issues• Established commission tracking for accurate compensation history
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Chief Financial OfficerThe Law Offices Of Marshall C. Watson Dec 2007 - Jul 2013Fort Lauderdale Law firm, two title companies and several others once employing 1,000 FTE’s in the US and 250 in India. Highly transactional: 15,000 invoices a month, 15,000 checks, and 6 major revenue departments. Multiple Florida locations. 40 Accounting FTE’s.• Responsible for Accounting, Financial, Strategic Planning and Risk Management areas• Managed Firm growth at 500% from 2007 to 2010 and negative growth of -75% 2010 to 2013• Managed M&A activity for firm – formed 6 companies and LLC’s• Reversed cash from negative cash flow, increased conversion, negotiated 10 million dollar revolving credit line• Established and enhanced outside Audit, Tax, and Cash Management
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Chief Financial OfficerTatum 2008 - 2009Atlanta, Ga, UsTatum is a national professional services firm that leverages the skills of highly experienced financial and technology experts to address our clients' needs through a mix of five engagement models:Interim Executive CFO, COO, and moreProject Staffing to support the CFO or CIOConsulting: we assess your needs and take action to deliver end resultsThe company helps CEO's with challenges like mergers, acquisitions or exit, rapid growth, building infrastructure, improving performance or bridging a leadership skill or capacity gap. -
CfoMedirect Latino Mar 2007 - Nov 2007Publicly traded NASDAQ (MLTO) provider of direct-to-consumer medical products focused exclusively on chronic diseases. Two locations – FL and Puerto Rico. Medicare, Medicaid, HMO, patient reimbursed billings.• Responsible for SEC reporting: 10-K, 10-Q, 10-Q/A, 8K, 501b, 5K - delisted company from OTC saving $450K a year • Implemented new general ledger, forecasting and reporting package• Accounting, Financial Reporting, Audit, and Tax• Managed company risk in the areas of insurance, legal, audit and other professional fees while improving insurance coverage, adherence to GAAP, intercompany transactions, strategy, and forecasting
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CfoMainstream Holdings, Llc Apr 2006 - Mar 2007Christos Cotsakos’ privately funded Internet start-up. Four co-located data centers – NY, CA, TX, and Ireland. Executive Team Member • Responsible for Accounting, Financial Reporting, Audit, and Tax for five legal entities• Completed and administered Private Placement Memorandum (PPM), 506 and Blue Sky regulations for $7,000,000 private placement – over 300 subscriptions.• Completed audits and tax filings for 4 entities• Implemented new general ledger, forecasting and reporting package • Implemented zero-based budgeting for 2007 and profitability scenarios for 5-year plan
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Cfo / ControllerNeovest - Jp Morgan Chase Dec 2001 - Apr 2006Private and venture capital funded Software Company specializing in international securities trading software. Locations in Atlanta, GA, New York City, and Provo, UT.• Responsible for Accounting & Financial Reporting, Risk Management, Human Resources and Legal• Key participant in venture capital funding and acquisition processes• Elected to Office of the President as one of four operating mangers to oversee all company operations• Secretary to the Board of Directors, as the only Senior Manager and non-shareholder• 55 % reduction in cash burn rate in 5 months: improved cash flows through expense cutting, resource allocation and restructuring• Reincorporated as a Delaware corporation from Georgia• 45% savings in insurance, legal, audit and other professional fees while improving insurance coverage, adherence to GAAP, intercompany transactions, strategy and forecasting
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Vice President Of FinanceWh Smith, Usa Oct 2000 - Dec 2001Recruited by COO to this $500 million dollar acquisition aggressive retailer with 625 stores in the United States, Canada, Puerto Rico, Chile, Argentina, and Dominican Republic. Growing at 25% unit increase a year. Traveled throughout the United States and UK. Departments included: Financial Analysis, Budgeting and Planning, Financial Reporting, Minority Partnership Accounting, Fixed Assets and Capital Expenditure. 5 direct and 14 indirect reporting FTE’s.Projects included: technology evaluations, strategic planning, infrastructure downsizing, executive information system, business process assessments, and acquisition feasibility analysis• Responsible for all accounting and financial reporting to management, UK parent and field operations to insure completion in accordance with GAAP, tax regulations and operations usability• 33% reduction in close process: decreased reporting time from 12 to 8 days• Analyzed over 100 store acquisition feasibility scenarios and lease extensions resulting in 75 openings.• Managed the conversion and consolidation of Canada, Argentina, Chile, and the Dominican Republic general ledgers into the US General Ledger, twelve legal entities• Controller for the Dominican Republic and coordinated government, audits and tax issues• 90% reduction in processing time -- Reduced processing time from 10 hours to 1 hour by upgrading General Ledger and database, retrained employees and added a new financial systems server • 4-month conception to implementation of SRC strategic planning and budgeting system, which will reduce closing time by 2 days and 175 employee hours. Project came in under budget by $200,000 • Created and adopted company wide operation manuals: “How to read the P&L” & “Why Budget” to help educate and focus personnel on profitability.• IT Finance liaison on system selection for ERP, EDI, paperless Payroll and Retec distribution system
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Consulting ManagerKpmg Jan 2000 - Oct 2000New York, Ny, UsConsulting arm of $14 billion dollar accounting firm. Worked as a Business Advisor to company senior management. Work encompassed travel throughout the United States and to Germany. Worked across industry lines. (Manufacturing, Distribution, and Banking).Conducted accounting, consulting, and strategic feasibility projects for Senior Management and Board of Directors.• Prepared divesting and merger feasibility analysis on $200 million distribution arm of customer.• Provided expertise on system selection and IT architecture integration. Hyperion (Pillar and Essbase) to reduce reporting time and improve budgeting.• Saved $720,000 negotiating 3 million dollar contract on behalf of customer.• Saved $350,000 by consolidating and reducing personnel and IT operations between US and German divisions while increasing responsibility and preparedness. -
Chief Financial Officer / Equity PartnerApac Sales Corp Jun 1997 - Dec 1999Company sold in December 1999. Responsible for sales and finance for Massachusetts’ largest dry-cleaning, garment supply and industrial chemical distributor with 2,800 customers in MA, RI, CT, and NH. 18 direct reports.• Negotiated and implemented merger of two competitors, establishing the largest MA dry-cleaning supplier.• Issued financial statements, handled all treasury, tax, bank lending and audit processes.• Initiated 2-day close process from 10 improving cash flow and reducing interest expense.• Set goals, developed short, and long-term (2-4 year) strategic plan for business growth and market potential. • Achieved a 2% market share gain in six months by establishing a sales program called SSI, which coordinated sales activity, customer service and training of employees.
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Vice President & ControllerProman Manufacturing Company Jun 1991 - Dec 1997Senior manager for multi-million dollar apparel manufacturer with 120 employees. Full P/L responsibility in the areas of finance, operations, and sales. Promoted three times. Achieved sales growth rate of 33% a year for six-year period.
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Mba StudentNortheastern University Jan 1990 - May 1991Boston, Ma, Us -
Asset Management AssociateState Street Global Advisors Jun 1986 - Jul 1990Boston, Ma, UsReported to Vice President in establishment of a new operating division for pension fund management.
Jim Legates Skills
Jim Legates Education Details
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D'Amore-Mckim School Of Business At Northeastern UniversityManagement And Operations -
Babson CollegeFinance And Investments Minor: Accounting
Frequently Asked Questions about Jim Legates
What company does Jim Legates work for?
Jim Legates works for Convergence Technologies, Inc.
What is Jim Legates's role at the current company?
Jim Legates's current role is Chief Financial Officer at Merchant Lynx Services.
What is Jim Legates's email address?
Jim Legates's email address is jr****@****aol.com
What is Jim Legates's direct phone number?
Jim Legates's direct phone number is +195432*****
What schools did Jim Legates attend?
Jim Legates attended D'amore-Mckim School Of Business At Northeastern University, Babson College.
What skills is Jim Legates known for?
Jim Legates has skills like Human Resources, Finance, Negotiation, Sales, Strategic Planning, Integration, Strategy, Cash Flow, Mergers, Mergers And Acquisitions, Management, Business Strategy.
Who are Jim Legates's colleagues?
Jim Legates's colleagues are Prathap Sadasivan, Matthew Lewis, Sindhu G., Pakjira Tamart, Frédéric Trouvé, Ladipo Adedeji, David Brezak.
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