Peter Basius Email & Phone Number

West Newton, Massachusetts, United States

Second largest (privately owned) provider of laundry management services to community laundry facilities throughout the Northeast US.• Responsible for managing seven person team of finance/accounting and human resource professionals.• Prepare financial data and present financial statements, financial metrics and cash forecasts in a timely manner to keep owners abreast of the Company’s financial status.• Managed relationships with external audit and tax team, outsourced IT partner, liability insurance agent, employee benefits consultant, 401k provider and co-managed vehicle fleet relationship.• Responsible for all compliance activities - federal and state taxes (included sales/use and property), secretary of state and all federal surveys.• Worked with management throughout the Company to introduce policies, procedures and processes .to enable growth and improve accountability of Company assets and resources.• Worked with Service and Operations management teams to reduce inventory and cost of goods adjustments through implementation of procedures and controls to account for all inventory movements and consumption.

Greater Boston

An outsourced CFO services company providing fractional CFO and financial advisory services. Specialized in building, managing and supporting internal accounting teams for start-up, early-stage and emerging growth companies (Enterprise software, SaaS, Industrial mfg, turn-key CPG and Services).• Perform CFO and VP Finance roles for clients ranging from early-stage pre-revenue start-ups to multi-national corporations with over 500 employees and annual revenues in excess of $150 million.• Prepare financial statements, budgets, forecasts, metric analysis, capital plans and cash requirements in addition to supervising financial and administrative teams of up to 15 people.• Create revenue recognition process for clients adhering to latest GAAP requirements (ASC 606).• Manage capitalization tables and all stock option administration and related accounting.• Participated in numerous debt and equity fund raisings.• Responsible for initiating, developing and maintaining professional relationships (audit/tax, banking, legal, insurance/benefits, etc.), including presenting at board of directors meetings.• Create, review and negotiate both vendor and customer contracts and agreements• Responsible for world-wide financial consolidations with 7 foreign entities.• Key contributor in preparing the S-1/A for client public stock offering – preparing consolidated financial statements, footnotes, MD&A and SEC disclosures.• Led implementation of world-wide general ledger (Microsoft Dynamics NAV).• Manage client facilities needs - including space assessment, financial analysis and lease negotiation.• Partial client list includes: Bit9, Incipient, Optiant, GlassHouse Technologies, Whaleback Systems, Ecochlor, Nanigans, NeuCo, Connected2Fiber (now ConnectBase), Paxeramed, Turbonomic and Yumanity.

Boston, Massachusetts, United States

Leading provider of asset optimization software solutions (using neural networks and model predictive control) that help electric power producers reduce emissions and improve generating unit efficiency, reliability and availability. Technology co-owned with CRA International.• Reporting directly to the CEO, part of the senior management team and worked closed with board members from CRAI.• Prepared monthly financials and analysis, cash forecasts and budgets.• Managed relationships with bank, audit/tax, benefit/liability insurance and landlords.• Handled all federal and state compliance issues - including taxes, reporting and surveys.• Worked with management on the sale of the company - multi-year process with multiple potential buyers engaged.• Worked with onboarding team at GE to transition all of the employees.• Work with CRAI management to wind down the entity.

Greater Boston Area

Developed digital marketing software solution which helps businesses with cross- channel advertisement and buying (Custom software converted to SaaS).• Reporting directly to the CFO had responsibility for managing finance team and the preparation of monthly financials, forecasts and annual operating plan.• Managed relationship with external audit and tax partner - led the team in tax and audit preparation.• Worked with the finance team implementing processes in controls for the monthly close and a review process for the annual operating plan.• Defended the company is a Massachusetts sales tax audit from a potential liability of over $400k with the position we were developing custom software for each customer. Company eventually transitioned to a pure SaaS model and began taxing the product appropriately.• Worked with CFO to hire a full time Controller.

Maynard, Ma

Manufacturer of ballast water treatment systems for large ocean going vessels meant to comply with or exceed USCG requirements.• Company was looking for interim CFO as existing CFO terminally ill.• Worked with management team to understand the company and complexity of the product.• Implemented project accounting in order to track cost of units being sold to better manage project profitability.• Prepared monthly financial statements, cash forecasts and created annual operating plan.• Worked with outside accounting firm to assist in the preparation of tax returns and annual audit.• Worked with executive management in fund raising process to create long term financial models to support financing requirements.• Worked with management to hire full-time CFO and transitioned with new CFO for several months.

Marlborough, Massachusetts, United States

The Cottage Children’s Center is a private, non-profit childcare center that was founded in 1981 by a group of Marlborough parents and was incorporated as a 501 (c)(3) nonprofit organization in 1988.• Served on the Board of Directors and acted as Treasurer.• Created first ever financial forecast model.• Worked with external tax accountants to prepare Form 990.• Refinanced the mortgage for the building to generate capital for building and ground maintenance.

Portsmouth, Nh

Provider of cloud-based managed unified communications services for small and medium enterprises integrating voice, unified messaging, mobility, and collaboration into one reliable solution.• Managed a G&A team of five professionals and responsible for preparing monthly financial statements and board reporting.• Responsible for banking, benefits, insurance and tax/audit relationships.• Worked closely with the executive team and board of directors to stabilize and find an exit for this client.• Led the closing of venture debt, venture capital funding from investors and equipment financing.• Hired Bowen Advisors and worked with them on the sale of the company (eventually sold to Fuze).

Framingham, Massachusetts, United States

Company specializing in data center consulting and managed services, operating in the information technology and services industry - offering vendor-independent guidance to customers on cloud, virtualization, storage and security.• Company was planning IPO - my role was to relieve full-time VP Finance of daily operating role to allow him to focus on preparation of the S-1 and S-1/A's.• Managed a local accounting team of 15 and work with accounting teams in 6 foreign locations to prepare consolidated financials.• Key role in implementing Microsoft Navision (NAV) in US and roll-up with previously installed NAV locations internationally.• Company ended up pulling the plug on the IPO and selling off foreign entities to cover outstanding debt.

Burlington, Massachusetts, United States

Developer of enterprise level supply chain software that includes network design, inventory optimization and a supply chain business intelligence platform.• Assumed the responsibility for the G&A team and ownership of the financials, operating plan and analytical reporting. • Held responsibility for maintaining relationships with bankers, tax/audit partner, benefits, liability insurance and all federal and state compliance and reporting.• Worked closely with the executive management team and the board to stabilize and eventually find and exit for this client.• Secured funding from venture capital investors and bank debt provide liquidity and time to sell the company.• Company eventually acquired by Logility, worked to transition employees to new company.

Dover, New Hampshire, United States

Developer of online marketplace where people around the world connect to rent, buy, and sell timeshares and other vacation ownership products.• Brought in by the CFO looking for someone to model the business for a potential institutional investment.• Spent months on-site learning the business from the management team, understanding the flow of the business from its many revenue segments.• Prepared a detailed, ground-up model 5 year financial model with flexible assumptions and inputs to allow for scenario testing against all of the different revenue segments in the business.• This financial model led directly to the company receiving its first outside investment of $8.5m from growth capital firm and a follow on investment of $1.6m from the same firm.

Waltham, Massachusetts, United States

Developer of enterprise-class storage, SAN storage virtualization and automated data migration software solutions.• Reporting to the CFO with responsibility for monthly financial close, financial statements and financial analysis preparation and multi-year financial forecast.• Responsible for keeping revenue recognition in compliance with all GAAP requirements.• Implemented financials controls to increase speed and accuracy of monthly financial close.• Managed internal accounting resource and spent significant time training and adding to their knowledge

Cambridge, Massachusetts, United States

Security software developer whose product whitelisted executables of safe programs (rather than black listing malware or or malicious executables).• Took over responsibility for all accounting and finance activities at this client.• Trained an internal resource to process payables.• Created monthly financial reporting package for company management and board of directors.• Attended board meetings to discuss financials and cash flow projections.• Company eventually hired a permanent Accounting Manager and VP of Finance.

Cambridge, Massachusetts, United States

Developer of digital advertising services includes management of each phase of a campaign, from pre-launch planning to completion, enabling businesses to reach their target audiences with efficiency and at scale.• Produced all financial statements, budgets, cash forecasts and financials analysis.• Produced all financial statements, budgets, cash forecasts and financials analysis.• Maintained capitalization table and accounting for stock option plan and equity investments.• Managed all professional relationships with banks, audit/tax and insurance companies.• Instituted policies and procedures to ensure accurate and timely financial data.• Collaborated with Human Resources to improve annual performance and review system.

Waltham, Massachusetts, United States

Independent Consultant April 2002 - April 2005• Provided Controller services - preparing financial statements, managing tax and audit process, prepare financial budgets, cash forecasts and board reporting.• Partial customer list includes: Incipient, Affinova, DataPower, Sage Hill Partners and ChoiceStream.• ChoiceStream offered my a full time position as VP Finance.Cyber CFO September 2001 - March 2002• Part of a four person team to grow the Boston consulting practice (HQ in DC).• Provided Controller services - preparing financial statements, managing tax and audit process, prepare financial budgets, cash forecasts and board reporting.• Business closes March 2002 (I take my clients I had at the time and move forward as independent contractor).

Provider of high speed Internet Services and applications to businesses through out New England. The Company also provides security services, conferencing, web hosting, and information technology outsourcing.

Bedford, Massachusetts, United States

Supplier of mobile and telecommunications/telecom devices & equipment company.

Woburn, Massachusetts, United States

Software developer focused on products dedicated to client server communications solutions for the graphics arts industry.

Newton, Massachusetts, United States

Software developer focused on creating speech recognition products for personal computers. The Company's products enable users to create text, issue commands, and enter and access data through speech. Dragon also licenses technology worldwide through developers, distributors, resellers, original equipment manufacturers, and integrated software vendors.

Waltham, Massachusetts, United States

One of the world’s largest clinical research organizations (CROs), providing the full range of Phase I to IV clinical development services to help lifesaving treatments reach patients faster. Leveraging the breadth of our clinical, regulatory, and therapeutic expertise.

Marlborough, Massachusetts, United States

Developer and manufacturer of fault-tolerant computers deploying utilizing a modular, tightly-coupled multiprocessor architecture, with hardware fault- detection and software fault-recovery.

Billerica, Massachusetts, United States

Developer and manufacturer of customer interaction computer systems.

Bs, Business Administration

Mba, Business Administration