Mark Sphar

Mark Sphar Email and Phone Number

Financial & Operations Guru @ Moore Colson CPAs and Advisors
Mark Sphar's Location
Marietta, Georgia, United States, United States
About Mark Sphar

Mark brings a unique blend of Financial, Operational & Back Office expertise to both established as well as high growth and early to mid-stage companies. His experiences are founded in collaboratively developing the blueprint around the strategic direction of a company and then applying that blueprint to the operations of the business. Mark is accustomed to high growth companies that are preparing for the next steps, whether that be outside capital raises, acquisitions or organic growth. After years of experience with these types of companies, Mark brings a playbook of processes and procedures that can be customized to fit the needs of any business. Mark has experience driving EBITDA growth through understanding both client and project profitability as well as understanding and rationalizing costs throughout the business. There isn't a job that Mark won't take on. He brings enthusiasm, experience and perseverance to each opportunity that presents a challenge. Specialties include: Strategic Collaboration, Software revenue recognition (ASC 606), Management Reporting, Systems Implementation, Team Building & Development

Mark Sphar's Current Company Details
Moore Colson CPAs and Advisors

Moore Colson Cpas And Advisors

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Financial & Operations Guru
Mark Sphar Work Experience Details
  • Moore Colson Cpas And Advisors
    Chief Operating Officer
    Moore Colson Cpas And Advisors May 2023 - Present
    Atlanta, Georgia, Us
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  • Surgical Information Systems
    Financial Controller
    Surgical Information Systems Aug 2020 - Apr 2023
    Alpharetta, Ga, Us
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  • Optima Healthcare Solutions
    Vp Of Financial Operations | Controller
    Optima Healthcare Solutions 2018 - 2020
    Palm City, Fl, Us
    Recruited to assist with a strategic acquisition for this SAAS-based solution provider of post-acute electronic medical records. Hired, trained, and supported an 8-person team consisting of accounting and facilities staff. Met monthly with leadership to help with strategic planning. ➤ Provided hands-on leadership in a five-month due diligence process resulting in the company’s sale.➤ Facilitated the strategic acquisition and integration of company services resulting in top-line and bottom-line revenue growth. ➤ Led the early adoption of ASC-606 that resulted in approximately a 15% increase in EBITDA. ➤ Automated cash applications to shore up various audit weaknesses; automated monthly reports to allow for more accurate and timely results reducing a two-day reporting process down to an hour.➤ Led project to automate Accounts Payable process through an integrated partner with Netsuite allowing for reduced headcount and improved efficiencies.
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  • Bridge2 Solutions
    Vp Of Finance | Controller
    Bridge2 Solutions 2016 - 2018
    Alpharetta, Georgia, Us
    Served as the vice president of finance for a SAAS-based solution provider of loyalty rewards to financial institutions and large employers. Directed an initiative to move all accounting operations from Jacksonville, FL and create a new team in Atlanta, GA. Recruited, hired, and trained an 8-person accounting team. ➤ Led a multi-year audit handling complex revenue recognition and software capitalization issues.➤ Spearheaded a multi-departmental initiative to deliver core reporting functionality to several internal teams and customers.➤ Rewrote standard agreements and updated existing customer agreements➤ Transitioned accounting system and processes from QuickBooks to NetSuite; formalized a time tracking process for the professional services team.
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  • Vanco Payment Solutions (Fka Veracity Payment Solutions)
    Chief Accounting Officer | Controller
    Vanco Payment Solutions (Fka Veracity Payment Solutions) 2013 - 2016
    Twin Cities, Mn, Us
    Oversaw day-to-day financial operations for a growing merchant processor focused on the religious and non-profit verticals. Coordinated and directed internal and external reporting, cash management, and managing an 11-person team. Led hiring, training, development, and performance management. Served as the main contact for external audit and tax professionals.➤ Successfully identified $1M in unrecognized profit margin by upselling and cross-selling existing clients with products not being utilized. ➤ Reduced the company’s month-end close process time from three weeks to 10 days.➤ Instrumental in the consolidation and redesign of the company’s reporting package that resulted in creating meaningful metrics for the management team, PE firm, and outside ownership. ➤ Worked closely with the executive leadership team to divest approximately 50% of the business to acquire capital to focus on more profitable verticals.
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  • Leader Enterprises
    Chief Financial Officer
    Leader Enterprises 2011 - 2013
    Roswell, Ga, Us
    Hired as the chief financial officer for a $20M privately-held digital marketing services company serving F500 clients nationwide; accountable for all financial, IT, legal, and human resource operations. Worked collaboratively with the owners to re-focus on pricing and profitability within the organization. ➤ Implemented a new time tracking system to show utilization data that resulted in a 10-20% increase in billable time for projects. ➤ Conceptualized, developed, and executed a pricing structure for quoting new engagements that resulted in the reduction of unprofitable opportunities and a new budget framework at the job level.➤ Established new internal systems that created reports showing profitability by project, business unit, and customer while also highlighting key areas for additional focus.➤ Designed and implemented a monthly reporting package to drive business units toward operating metrics that were more aligned with the company’s vision and with industry standards.➤ Formalized and standardized customer contract language and various contract internal processes.
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  • Openspan, Inc.
    Vp Of Finance & Human Resources
    Openspan, Inc. 2006 - 2011
    Alpharetta, Ga, Us
    Selected to direct all financial, tax, legal, and human resource operations for an industry leader providing a suite of management software to F1000 clients; reported directly to the CEO. Led the effort to build a new accounting team following initial VC funding. Active participant in strategic planning with senior leadership.➤ Collaborated with the CEO to raise $15M in VC capital with Sigma Partners, Matrix Partners, FTV Capital, Globespan Capital Partners, and Imlay Investments).➤ Oversaw the selection and implementation of an accounting system conversion from QuickBooks to Microsoft GP; drove a successful initiative to make the billing process more efficient and repeatable. ➤ Worked with outside legal representation in facilitating customer and vendor contract negotiations.
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  • Lightyear Technology
    Corporate Controller
    Lightyear Technology 2004 - 2006
    Us
    Brought on board as part of the senior leadership team of a leading provider of digital x-ray technology solutions to dental practices nationwide. Oversaw and managed a 10-person team; accountable for all financial, human resources, and IT operations. Instrumental in the sale of the company to a strategic investor.➤ Participated in two rounds of private equity funding raising $6.5M with Navigant Partners and Richland Ventures; assisted in the eventual sale of the company to a strategic investor. ➤ Restructured the internal financial system to decrease the close cycle from three weeks to ten days.➤ Coordinated annual audit and tax preparation that included the company’s initial financial audit.
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  • Digital Insight
    Division Controller
    Digital Insight Sep 2000 - Oct 2004
    Redwood City, California, Us
    Assisted in prior comapany's transition into Digital Insight after purchase in November 2003. This role lasted approximately 1 year. During transition, assisted with integration of Sarbanes-Oxley efforts, audits, system conversion and all levels of operational conversions.
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Mark Sphar Education Details

  • Eastern Illinois University
    Eastern Illinois University
    Accounting

Frequently Asked Questions about Mark Sphar

What company does Mark Sphar work for?

Mark Sphar works for Moore Colson Cpas And Advisors

What is Mark Sphar's role at the current company?

Mark Sphar's current role is Financial & Operations Guru.

What schools did Mark Sphar attend?

Mark Sphar attended Eastern Illinois University.

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