Michael Dougher Email & Phone Number

Tuxedo Park, New York, United States

B2B CFO® provides Strategic Business Advisory Services to owners of privately held companies. We focus on increasing cash and company value. By redefining the way that these services are provided, we have created a new industry, which we dominate and lead. With a nationwide presence, B2B CFO® is the largest company of its kind in this industry. Founded in 1987, we have ranked four times in the Inc. 5000 and were recognized as one of Forbes Magazine’s “Small Giants.” Over the decades, we have published books and created numerous resources, including an award-winning and patented software. For more information about how we help business owners excel, please visit www.B2BCFO.com

Financial oversight of all financial operations including subsidiaries. Consulting for JVKG clients in cost reduction and risk mitigation.

Greater New York City Area

A $100M Distributor of springs & wire products with 7 divisions across the US and Mexico.Corporate Controller - Senior Financial Professional (6 Direct Reports)Responsible for all financial aspects of numerous corporate entities including operating company, real estate holding companies, partnerships, investments, family owed real estate, and trusts. Dealt with compliance and regulatory issues in Mexico and the various states, international transactions, currency exchange, international & domestic tax issues, and pension management.Key Achievements• Supplanted outside CPA bringing financial report preparation in-house by realigning the SAP ERP system to provide reliable accounting saving $85,000 annually.• Developed a system of financial reporting that consolidated information out of software from 9 separate companies with 2,500+ G/L accounts using SAP functionality and Excel tools reducing closing time by 2-3 days. • Initiated, set-up, and migrated several related companies to QuickBooks On-line.• Worked closely with Consultant/Broker and prospective purchasers during an attempt to market main operating company creating financial models including a rolling EBITDA model and Pro Forma Financial Statements.• Created interactive Break-even analysis tool by Division/Company as well as a an interactive Financial Model for an expansion into Central America.• Brought profit sharing plan into compliance with all applicable laws and regulations.

Blauvelt, Ny

A $65M Manufacturer of low voltage jacketed wire cable, part of a $5B diversified global Electrical manufacturerHired after acquisition of this privately held manufacturer by a publically traded equity firm to develop internal accounting and finance function which had been outsourced, to put in place internal controls, and to implement a software solution for financial management, purchasing, and inventory management. Worked closely with senior management, IT, Operations, and both internal & outside Accounting Personnel to identify & quantify the needs, capabilities, and expectations for new system. Engaged software vendors and evaluated solutions for fitness to our needs.•Increased cash flow by 25% by working with our investment bankers to develop and model a cash flow projection that addressed receivables, payables, sales orders, purchase orders and lead times•Developed the business plan to implement and integrate the corporate SAP system at Tappan.

New York, Ny

A consumer products manufacturer of skin care products with revenues exceeding $50MDeveloped & implemented a budgeting and forecasting system that dovetailed with cash flow projection worksheets. Worked with investors and banks to restructure debt and ensure steady cash flow. Analyzed computer software systems, recognized deficiencies and the need for upgrade, procured such, and followed through on process of installment. •Negotiated factoring arrangements for receivables to maintain adequate cash flow for inventory that translated into sales on the QVC network that increased revenues for the company by $4M in the first year.• Reduced interest rates on outstanding loans from 25% to 11% by evaluating new lending relationships and securing new loan agreements.

New York, Ny

Assumed Senior Management responsibilities after the departure of Key Managers of this manufacturing company. . Worked with consultants to develop FDA compliant SOP‘s/GMP‘s for OTC drug production. Brought company from paper accounting/order processing/inventory/production management, up to a computerized enterprise-wide solution.

Montvale, Nj

A manufacturer and distributor of packaging materials with revenues of $22MResponsible for the management of the accounting, finance, and information systems. Upon coming aboard identified major procedural and software utilization problems in accounting department that had left the company without reliable financial reporting. Thereafter developed and implemented a database restart for the accounting department including the realignment of the G/L. •Reduced spiraling healthcare costs by 53% that also included additional benefits by transitioning employees to an employee leasing company that made them a part of a much larger pool of insurance.•Increase Midwestern revenues by 20% and assured the retention of sales representatives and staff by establishing a regional office in the Chicago suburbs and bringing on board a customer service professional

Hillburn, Nj

Built & Serviced Machinery that reclaimed CFC's with revenues of $50MResponsible for diversified duties and complex special tasks including; investor relations, presentations to financial professionals, development of advanced fixed asset tracking and reporting. Acted as primary accounting and analysis interface with Hudson‘s sole subsidiary ESS, developing this position within the organization at corporate headquarters.•Developed an Excel based model to capture and record the time and material that went into the construction of the patented machine that reclaimed CFC’s.•The capitalization improved results by moving the substantial cost from the Income Statement to the Balance Sheet that resulted in an increase of $300K to the bottom line

Master Of Business Administration (Mba), Accounting And Finance

Bachelor Of Arts (Ba), Political Science And Government

Regents Diploma