Richard Rieser Email & Phone Number

Managed procurement policy compliance and oversight reporting for annual global supplier spend exceeding $3.5B. Led the global procurement compliance assessment and spend reporting function staffed by 11 located in 8 countries.• Improved performance metrics in all categories by more than 95% by introducing effective systems-driven compliance monitoring and reporting programs.• Developed and managed supplier diversity activities for all government and commercial customers, including timely and accurate FAR and contractual commitment reporting. • Defined and negotiated the annual GSA Small Business Subcontracting Plan. • Responded to customers’ supplier diversity inquiries. Defined and led corrective actions to improve satisfaction with second tier supplier utilization in a $70M major customer account. • Successfully transitioned and trained hundreds of users to new company policies, Oracle ERP procurement processes and payables applications.• Coordinated all Sarbanes-Oxley and NCR audit activities within Global Procurement, the Controller’s organization and with all auditors. Ensured timely and effective corrective actions on all requirements and recommendations. • Avoided recurrence of significant non-compliance assessments and penalties by implementing new control and process changes to IP royalty-reporting procedures.• Continuously improved procurement policies, user training and compliance reporting routines.

Managed total annual supplier spend of more than $200M annually. Supported key corporate infrastructure groups: Human Resources, Finance, Administration, Training, Information Services, Staffing, Compensation, Benefits, Law, and Public Relations. • Reduced total suppliers by 53% over 3 years (from 1,700 to 800) through strategic consolidation of the supplier base.• Saved $57M over 7 years by using a variety of methods including formal and informal RFI / RFP processes, reverse auctions, direct supplier negotiations and demand-management reduction initiatives.• Consistently and reliably met annual cost reduction goals ranging from 4 to 19 percent of total spend.• Engaged and welcomed by managers at all levels to assist them with reducing total annual supplier spend.• Saved more than $5M annually by leading outsourcing efforts for several key services, including: global recruiting, training, relocation, outplacement and benefits administration.• Played a pivotal role in supporting ongoing cost reduction efforts with key executives, managers and internal users by using varied techniques: supplier spend analyses, user spending limits, stricter supplier-use criteria, firmer management approval requirements, budgetary reductions, key entitlement and spend policy changes.• Supported cash flow improvement goals by successfully driving DPO (Days-Payable-Outstanding) to higher levels.• Negotiated favorable contract terms with suppliers, key users, legal and contract management professionals.• Ensured uninterrupted business operations and successful assimilation newly hired senior infrastructure managers by training managers and staff on key company policies as well as ORACLE systems and processes.• Acknowledged as a subject matter expert who was trusted and respected as a key contributor and team member by infrastructure management.

Developed and executed annual audit plans and special projects for various corporate functions, US and international divisions and subsidiaries with total revenues exceeding $3B annually.• Jointly planned and execute worldwide audit efforts with senior management and external auditors (PWC and C&L). • Audited key areas (internal controls, operational processes, IT application systems, financial reporting integrity, policy compliance and fraud reviews) including major coverage areas: accounting and finance processes, IT infrastructure, application systems, shared service operations, sales and marketing processes, manufacturing plants, logistics and export controls, customer service operations, and corporate infrastructure support organizations.• Continuously selected, trained, managed and developed a diverse staff of 10 audit professionals from a variety of backgrounds. Many were subsequently promoted to higher management roles. • Led due-diligence audit review teams for major acquisitions and divestitures (valued to $500M, including Teradata). Identified substantial contract negotiation points (saving millions), control issues and key operational concerns.• Served an important and valued Interim Audit Director’s role during the incumbents’ serious illness. Recognized and rewarded for significant contributions made during the interim period that exceeded 12 months.• Conducted effective group presentations by developing and facilitating several internal audit conferences, addressing several local IIA and CMA chapter meetings. Delivered many training courses on internal controls and auditing. • Recognized as a consistently strong performer and team leader with an exceptional track record supported by effective interpersonal skills, strong work ethic and a commitment to ongoing staff development.

Planned, directed and performed financial, compliance, information technology, and operational audits as well as due diligence reviews and other special projects. Audit work performed for a very diverse series of internal subsidiaries located throughout the US, Canada and Mexico. Led audit teams of 5 professionals.

Performed a variety of audit and tax services for individuals, corporations and charitable entities.