Paul Commons Email & Phone Number

Greater Chicago Area

Contract CFO assisting in S1 registration process. S1 delayed due to numerous systemic issues.

Manhattan, Ny

DropCar is a NASDAQ listed company providing automotive logistics and concierge services for both consumers and the automotive industry. In 2015, DropCar launched its SaaS Vehicle Support Platform and mobile application (“app”) to assist consumers and automotive-related companies reduce the costs, hassles and inefficiencies of owning a car, or fleet of cars, in urban centers. Successfully cleaned up accounting and reporting to a point only part-time CFO required for this startup company.

New Brunswick, Nj

“Shark Tank” company in packaging technology.• Advised company to transition from manufacturing main product line to strictly licensing business model helping to save $750k over following year. Reduced staff by 90%.• Improved financial reporting and implemented multiple time saving systems.• Successfully performed COO responsibilities during wind-down phase of manufacturing operations.

Provide CFO services combined with entrepreneurial sweat equity and angel investing. Major projects include:• Start-up financial services company changing the on-line broker dealer market paradigm through licensing enabling API technology to third party software developers and social web sites. SaaS. Series A closed. • Start-up manufacturer of revolutionary fertilizer product that lowers cost and environmental impact of fertilizer with better agronomic results. Raised $9M through several rounds of financing. PACT "Clean Tech Company of the Year" award.• Led software spin-off from a consulting company in Business Process Analysis (BPA) market space. Organized leadership team,negotiated spin-off from owners, developed business plan, and organized fund raising.• Life science software company actively engaged in doubling its size through an international acquisition. As interim CFO oversaw due diligence and integration effort for a combined $60M company in the USA and Italy.• Private equity firm acquiring and managing private IT & software development outsourcing companies for roll-up to public company in India. Provided CFO oversight role.

Leading provider of voice logistics software applications for distribution industry (i.e. using proprietary voice recognition technology in warehouses enabling faster and more accurate picking of parts).• Achieved first profitability in company’s 14 year history leading to New Jersey Technology Council naming Voxware “Software / Information Technology Company of the Year” in 2008.• Restructured a dysfunctional accounting department resulting in accurate on-time audits, no restatements, and clean audit letters. Implemented Sarbanes Oxley (SOX) controls. Expert in software revenue recognition.• Closed PIPE financing round, cleaned up capital structure, and obtained NASDAQ listing.• Implemented strategic transition from direct selling of customized solutions to productized offering through third party channels.• Responsible for accounting, human resources, information technology, manufacturing, and purchasing departments.

Premier telecommunications photonic design automation and level one network planning software company with worldwide operations and 170 blue chip customers. US and international corporate and venture capital investors.• Managed complex six country corporate structure: GmbH, BV, PTE (Singapore), PTY (Australia), OOO (Belarus) and Inc.• Reduced operating expenses over 75% over three year period while broadening market potential and positioning company for profitability.• Closed three rounds of private equity financing during severe macro economic conditions.

Nation's first and largest single-source facilities-based provider of bundled voice, cable television and high-speed Internet services to residential markets. RCN is a Competitive Local Exchange Carrier (CLEC).• Promoted from West Coast Director of Finance to head up corporate accounting, financial planning and purchasing. Direct reporting staff of 135 people.• Implemented automated planning tool (Hyperion) along with numerous other systems-based automation such as optical imaging for payables and T&E processing as well as network cost data warehouse for bill comparison leading to significant cost reductions.• Reduced purchasing backlog from five weeks to two days.Positions prior to Sr VP:Director of Finance – West Coast RCNVice President of Finance - Brainstorm Networks (acquired by RCN)

CONNECT designed, developed, marketed and supported industrial strength, scaleable application software for Internet-based interactive commerce for B2B and B2C. One of the first SaaS companies.• Hired as part of successful venture capital financed turnaround team. Directly involved in successful completion of initial public offering. • Prior to IPO, instrumental in raising over $50 million in private financing.• Provided expertise in software contract negotiations, professional services project tracking and revenue accounting.• Simultaneously managed within a four month period: accelerated audit, S1, move to new facilities which included a 7x24 data center, 5 year strategic and annual business plan development, company and customer-wide system conversion, support of extensive due diligence for Fortune 10 company to acquire CONNECT, acquisition of European Distributor and development of foreign currency billing system.• Responsible for all SEC reporting and supporting investor relations effort.

Mba, Finance

Bia, Marketing

FKA - General Motors Institute