Adam Mcgough Email & Phone Number

Florida, United States

In charge of monitoring and evaluating healthcare market conditions to identify, analyze and negotiate acquisition and merger opportunities. Manage general ledger accounts, prepare companywide budgeting and forecasting and partner with executive team in development of 5-year outlook and future business strategy. Direct 6-team members in AP/AR, cash management, payroll, human resources and month end functions. Oversee bank compliance and debt raise and manage the stock option plan and cap table.Achievements Include♦ Improved EBITDA by 91.7% over 4 years, positioning the company to reach its 1st year of profitability. ♦ Point person for 2 transactions, a merger and sale of business units with a multimillion-dollar capital raise. ♦ Revamped revenue recognition and pricing model to align with SaaS industry best practices. Designed a contracting model that improved customer retention. ♦ Realized a 20% savings in personnel expense by restructuring and right sizing the organization for maximum efficiency.♦ Prepared business for its 1st year audit with no material adjustments.♦ Recommended and directed the implementation of NetSuite and Carta to streamline financial processes.

I was enlisted to drive to completion a merger with Mingle Health following the unexpected departure of the CFO. Led integration of 2 companies acting as financial lead for a multimillion-dollar company. Managed 8 team members in AP/AR, cash management, payroll and month end functions. Point of contact for bank compliance, debt raise and external auditors. Managed the stock option plan and cap table. Achievements Include♦ Integral in completing 2 mergers and raising multimillion-dollar funding throughout the merger process through a term loan and in private equity. ♦ Developed new forecast and financial model and AP/AR processes within the new organizational structure.

During this time, I assumed leadership of financial processes in a rapidly growing SaaS start-up. Sourced, hired and led a 5-member accounting team and built and formalized financial processes. Oversaw AP/AR, cash management, payroll and month end functions. Managed sales, franchise and income tax compliance. Ensured correctness of income statement and balance sheet accounts. Primary liaison with external auditors for financial and insurance audits. Prepared reporting on key SaaS performance indicators for the executive team.Achievements Include♦ Revamped sales commission plans in partnership with the CFO and VP of Sales. New plan aligned with appropriate benchmarks and competitive industry trends.♦ Led due diligence for the acquisition of a California based competitor. Managed integration of financial processes. ♦ Improved cash collections by 40% and slashed collection time by 50% by steering project design and implementation of the previously acquired NetSuite Dunning solution.♦ Researched, recommended and directed implementation of Carta equity tracking.♦ Eliminated manual expense reporting process through recommendation and implementation of Expensify. Integrated with accounting system to reduce processing time and streamline expense reporting.

Greater Salt Lake City Area

I was brought on board during a period of organizational change and product transformation to formalize financial processes for AP/AR, income reporting and tax compliance. Rebuilt and restructured a 4-person team in AP/AR, cash management, payroll, month end functions and external audit processes. Led yearly budget and forecast process. Managed sales, franchise, international and income tax compliance. Partnered with HR in selecting coverages and managing benefit administration. Primary point of contact for board requests, banking requests and mezzanine debt requests. Achievements Include♦ Successfully attained 3 rounds of multimillion-dollar funding in private equity, bank senior debt and in mezzanine debt. ♦ Attained a 15% increase in sales by redesigning commission plans to drive appropriate sales mentality in partnership with the CEO and CFO. ♦ Designed pricing models and financial processes for the introduction of 3 new products.♦ Saved $100K per year by designing an internal accounts payable process to replace the previously outsourced model.♦ Slashed month end closing from 30 to 4 days by rebuilding the forecasting and month end close process.♦ Positioned business for sale to a publicly traded company. Spearheaded financial and legal due diligence for the acquisition.

Charlotte, North Carolina Area

In 2013, I was hired by this international public accounting firm to serve on the corporate tax team, conducting client audits, preparing tax returns and provisions for Corporations, S-Corporations, Partnerships and Individuals with annual revenues of $10M - 250M. Reviewed federal and state extension preparation and calculation. Achievements Include♦ Selected as member of a 5-person elite team participating in the Tangible Asset and Repairs Study (TARS). Uncovered additional cost savings for clients under the IRS’ new fixed asset regulations.

Tallahassee, Florida Area

Following completion of my Masters Degree in Accountancy, I joined this regional public accounting firm's general tax division. Participated in client audit engagements, preparing tax provisions and income tax returns for Corporations, S-Corporations, Partnerships, Individuals and Non-profits. Advanced to a 4-person niche group that prepared complex income tax returns for insurance companies.

Master’S Degree, Accounting

Tax Concentration

Bachelor Of Science - Bs, Business Administration, Accountancy

Activities and Societies: Beta Alpha Psi