Interim Cfo/Controller (Consultant)
Los Angeles, Ca, Us
Contracted by Company to perform a reorganization of the company business operations and financial systems through establishing business infrastructure, robust financial planning and reporting with scalability for company with diverse portfolio of brands and product lines. Responsibilities Included:✔ Lead finance, accounting and business intelligence teams to implement world class financial reporting systems to facilitate the strategic plan; provided stakeholders, from CEO to manufacturing floor, with insights into business operations through real time analytics and dashboards.✔ Aligned technology operations with strategic business objectives to validate and automate data flow while developing process workflow across the organization; provided leadership to management team by supporting the business. proactively, including establishing an inclusive process to keep an accurate prediction of the business’ financial performance. ✔ Oversaw all accounting related matters, including chart of accounts, banking, AP, AR, GL, payroll, inventory, loan accounting, interest allocations; in charge month and year end close process; prepare consolidation and elimination entries, complete consolidated financial reports; prepare corporate tax returns and tax planning.Selected Accomplishments:✔ Successfully spearheaded and completed $6.5 million real estate acquisition and $2 Million equipment purchases.✔ Successful implementation of SAP Business One Business (Financials, MRP, Sales, Inventory, Banking). ✔ Transformed manufacturing plant from build to order to a made to stock system through benchmarking studies to determine best processes and systems procedures.✔ Moved Company from Cash basis to accrual based accounting (GAAP). ✔ Over 18 months, was able to move from a negative cash environment to positive cash flow while paying off $4 million of debt.✔ Developed global supply chain purchasing models for materials purchased internationally.