Accounting Achievements

ACCOUNTING & FINANCE

SELECTED ACHIEVEMENTS

www.cfosolutions.com

Implemented cash management policies that minimized the need for revolving credit facilities and allowed for the elimination of long-term debt.

Implemented lean policies and procedures that reduced the financial close cycle from 25+ days to 5 working days.

Developed and implemented credit and collection policies, resulting in improved cash flow and reduction in bad debt write-offs to less than .2% of sales year-over-year. Increased average monthly accounts receivable collection rate from 70% to 83%. Decreased average DSO from 55+ days to 36 days.

Developed company-wide safety program, reducing workers’ comp modifier from 1.46 to .90.

Responsible for covering all foreign exchange transactions via forward contracts, successfully protecting purchase price and margins.

www.cfosolutions.squarespace.com