Nicholas Martisek

**** ******** **.

Downers Grove, IL 60516

630-***-****

acdo19@r.postjobfree.com

Summary

A customer-focused financial executive with successful experience managing Credit, Accounts

Receivable and Accounts Payable. A problem solver who uses data to drive decisions with a

collaborative hands-on approach to satisfy customer needs in line with corporate strategy. A

highly skilled motivator and team player experienced in process mapping and change

management.

Professional Experience

Hi-Touch Business Services LLC, Nashville, Tn.

Hi-Touch Business Services is one of the largest independent business products resellers in the

country with product offerings that include office products, furniture, computer and break room

supplies to more than 10,000 customers. Other operating business divisions include managed

print, document shredding and crates and equipment for business relocations.

Director of Credit and Accounts Receivable March 2013 – April

2014

Responsible for the proper management of the Company’s accounts receivable portfolio,

including risk management, cash application, billing, staffing and deduction resolution reporting

to the Vice President of Finance.

• In less than a year drafted and implemented new Credit Policies which have improved

Credit and Receivable processes and efficiencies resulting in a 2 day improvement in

DSO.

• Developed and implemented new Accounts Receivable procedures for efficient and

accurate cash posting and payment application.

• Successfully managed the integration of receivables onto the Company’s system platform

of two acquisitions.

• In the process of integrating a new portal for customer access to financial documents and

on line payments.

• Reorganized, staffed and trained the Credit Organization to meet the Departments goals

and objectives.

Nicholas Martisek (page 2)

United Stationers Inc., Deerfield, IL

United Stationers is a $5 billion public Fortune 500 company and the largest broad line

wholesale distributor of business and technology products, janitorial and industrial supplies and

equipment serving over 100,000 customers.

Vice President Credit 2001 - March 2012

Chief Credit Officer responsible for managing the credit functions for both the U.S. and

international subsidiaries. Responsibilities included the establishment and enforcement of credit

policy, cash forecasting, hiring and training, risk management, collection activity, deduction

management, financial system support, invoicing, monitoring exposure, and budgeting.

• A key member of the Finance Leadership Team with a unique ability to build profitable

sales by establishing strong relationships with both customers and the sales team. Field

visits were an integral part of relationship building.

• Developed and managed a $3 million budget and managed 5 direct reports and a staff of

51 associates.

• Collaborated with Sales Management to develop marketing programs to penetrate new

markets and enhance sales.

• Led the implementation of a lockbox credit enhancement for customers who service the federal

government, state agencies and municipalities to expand sales yet mitigate risk. Expected

incremental annual sales volume of $100 million.

• Successfully implemented a new ERP financial system (SAP) for Credit and Accounts

Receivable in only six months.

• As part of the SAP implementation, developed an automated credit scoring model to

assign credit limits to customers to bring consistency in limit determinations and improve

the risk management process while reducing costs.

• Managed the cash application process which included an integrated lockbox system to

post payments to customer’s accounts and apply these payments to the appropriate

invoice lines on an automated basis through system algorithms.

• Established monthly metrics and developed an online dashboard to present accounts

receivable aging and collection activities to Sales and Business leaders.

Nicholas Martisek (Page 3)

• Implemented a web-based billing and retrieval system for customers to receive invoices,

statements and credits electronically resulting in savings in processing and mailing

expense of $500,000.

• Identified process improvements within the Credit and Accounts Receivable functions

which resulted in a 1.5 day improvement in DSO and reduced costs.

• Successfully merged and migrated the Credit, Accounts Receivable and Accounts Payable

functions of over 15 acquired businesses onto the United Stationers system platform.

This included establishing policies and allocating resources to ensure a seamless

transition of the acquired business.

• Established a Credit Committee of senior officers and business leaders to provide

quarterly customer reviews, evaluate documentation and present clear and persuasive

recommendations on major/high risk accounts.

• Automated the Bad Debt Reserve process to improve the accuracy of the reserve and

provide the businesses with valuable information relative to customer risks.

• Implemented United’s payment by receipt program achieving a 33% reduction in

Accounts Payable staffing. In this process vendors were paid by purchase order based

upon receipt of goods which interfaced directly into the accounts payable system.

• Used Lean Six Sigma concepts to significantly increase efficiencies through process

improvement within Credit and Accounts Receivable.

Director of Credit and Accounts Receivable 1994 - 2001

• Led the implementation of a new accounts receivable, credit and deduction system. This

was an early system designed to automate cash application. It also provided up-to-date

accounts receivable information to improve risk management and enhance collection

efforts.

• Utilized automation and technology to absorb the credit and collection activities for

several acquired businesses without increasing staff.

• Established a credit policy which resulted in significant accounts receivable aging

improvements (98% current) and continued reduction of bad debts.

Nicholas Martisek (Page 4)

Education

MBA Rosary College, River Forest, IL (now Dominican University)

BS in Business University of Wisconsin, Whitewater, WI

Awards & Professional Designations

Certificate of Program Completion, Moody’s Analytics

Financial Analysis of Local Government---March 2011

National Association of Credit Management

Certified Credit Executive (CCE 1981

Director of Business Products Credit Association since 1995

Chairman 2004, 2005, 2009

Chairman of the National Computer Products Distribution Trade Group---2002

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