Laurence Krafchik Email & Phone Number

London, England, United Kingdom

London, England, United Kingdom

I have provided consulting services to international media groups supporting strategic projects.

My key achievements as Finance Director include:- Successful development and launch of new private members club- Refinancing of Group- Management of cash flow during Covid lockdown periods- Development of finance team to improve performance and efficiency- Improved control environment- Managed GDPR implementation

London, United Kingdom

• I provided project management and consulting to both SME and large international businesses. The work performed included:
• Developing an EMEA shared service finance team and improving its performance and efficiency resulting in desired cost savings being achieved
• Transitioning finance roles from overseas into the UK, ensuring strategic finance objectives met
• Developing a business case for an international payroll project to improve controls and implement a single global payroll vendor, and subsequently managing the implementation of the project across over 40 territories.
• Developing and managing a project to transition tasks performed by an EMEA finance team to an outsourced off shore service provider
• Providing IT training to executive management of SME businesses

As CFO I had responsibility for all financial management of the business including managing a team of 8, developing management reporting, performing regular forecasting and negotiating with lenders and vendors.

• As Finance Director I was part of management team which successfully grew turnover and EBITDA. My other achievements include:
• Developing a collaborative budget process
• Enhancing the control environment
• Improving reporting and KPI analysis to give business stakeholders a better view of performance across multiple revenue streams
• Creating business cases to support new commercial proposals
• Successfully running an initiative to improve working capital management

• This interim role involved leading the finance team through a period of significant change. This included:
• Project managing the implementation of a global SAP platform into the business
• Managing the transition of finance roles into shared service centres in London and India
• Temporarily managing a finance team within the London shared service centre following service centre’s initial set up
• Managing the integration of 2 acquisitions into the finance infrastructure

I joined AOL initially as UK Central Finance Controller, and subsequently moved into a pan European SOX compliance role. I managed the SOX implementation within the UK and enhanced the financial reporting, working capital management and cash flow reporting / forecasting. I also managed on going SOX compliance across the AOL European businesses, working.

London, United Kingdom

• In this role I had a team of 35 and I managed the implementation of a new accounting system and a sales reporting system. Other tasks included:
• Business planning to support de listing and new store openings
• Ensuring enhanced financial controls and management reporting were implemented
• Ensuring additional workload from business growth absorbed into existing finance team

London, United Kingdom

• In this role I developed the finance team and finance infrastructure as the business grew from 4 clubs to over 20. My key achievements here were:
• Establishing a shared service finance team which was scaled up as new clubs were acquired
• Developing standard accounting, reporting and budgeting processes across the group
• Replacing numerous legacy finance systems with a new accounting system
• Managing the integration of acquisitions into the finance infrastructure
• Supporting fund raisings