VP Finance CFO

GARRETT M. DAVIS

***** ******* **** ****, *******, TX 77041

Cell: 713-***-****; Email: adcmg5@r.postjobfree.com

PROFILE

Over 27 years of financial management experience focused on Business Services, Construction, Manufacturing, Media, and Technology industries with 13 years Private Equity experience. Results oriented leader with proven ability to impact revenue growth, improve operations, and maximize profits. Extensive experience working with privately held companies and private equity owners and company leadership teams to drive successful growth and targeted exits. Strong qualifications in executive leadership, strategic planning, and team development.

EXPERIENCE

CRS Solutions/Revention Vice President – Accounting & Finance / Interim CFO Houston, TX 2018 - Present

Oversee Finance, Accounting, Forecasting and Budgeting for leader of point of sales solutions for companies focused on helping businesses grow and compete with technology (including restaurants and bars) Revenues in 2019 of $48 million and EBITDA of $13 million while servicing over 5,000 clients.

Managed all treasury operations and banking relationships, including the administration and preparation of quarterly compliance calculations and certificates for large Revolver and Term Loans held with lending institutions NXT and Fidus

Managed GL, AR, and AP teams with very high volume, with invoicing/collections from approx. 5,000 customers and billing from approx. 300 vendors and General Ledger group in the accounting department. Decreased monthly close process from 18 days to 4 days with process mapping.

Plugged annual revenue leak of $519k of SaaS revenue by creating a reconciliation process between NetSuite and SalesForce.

Identified approximately $400k in savings of annual credit card fees by switching from credit card processing to monthly pulls with processing company.

Prepared and consolidated monthly & quarterly financial reports, including detailed variance analysis for CRS Management and Private Equity firm. In addition, prepared quarterly Board financial package and Lender financial package.

Oversaw and program managed all due diligence efforts and managed successful financial integration effort of acquisitions

Managed successful First Year Annual Audit with service provider PKF, including audit which had both Predecessor and Successor audited statements, and complex purchase accounting because of the March 2018 sale. Currently, overseeing all federal and state tax calculations and filings working with Deloitte.

Successfully converted from cash basis accounting to GAAP accounting

Automated monthly Bank Card Residual Commissions which increased accuracy and timeliness of paying commissions to employees.

Completed successful conversion from QuickBooks to NetSuite.

Supervised conversion of accounting for SaaS revenue recognition of POS software in accordance to ASC 606.

Supervised Accounting Manager, AR Supervisor, AP Supervisor, and Financial Reporting Analyst

DISA Global Solutions Director of Financial Planning and Analysis Houston, TX 2012 - 2018

Oversaw Finance, Accounting, Forecasting and Budgeting for global leader of safety compliance solutions for companies focused on certifying employees in safety-sensitive and labor-intensive industries, such as crude oil (including refining and E&P), petrochemicals and transportation. Revenues in 2017 of $121 million and EBITDA of $34 million while servicing over 11,000 clients.

Lead role in assisting Private Equity owner and DISA leadership in selling company to new private equity ownership in December 2014. Key member of team working closely with investment bank to prepare management presentation and confidential information memorandum utilized in the sales process. Leader of process in managing and preparing a significant number of detailed legal and financial schedules for data room. Presented with Executive team detailed management presentations to 14 large private equity firms/potential buyers. Following bidding process, ran 5 full financial due diligence processes with the Big Four representatives of each potential buyer.

Worked with attorneys on purchase and build out of office in Pasadena, Texas for sale/leaseback transaction.

Managed all treasury operations and banking relationships, including the administration and preparation of compliance calculations and certificates for large Revolver and Term Loans held with lending institutions GE/Antares, Solar Capital and Fifth Street Finance.

Oversaw and program managed all due diligence efforts and managed successful financial integration efforts in completing 21 acquisitions.

Led all budgeting and forecasting annually for all 32 departments and entities.

Prepared all materials for monthly Board calls and quarterly Board meetings, presented by executive team. Information focused on detailed monthly, quarterly, and annual P&L, Balance Sheet and Cash Flow information, both historical and forecasted.

Led FP&A team in creating new monthly reporting package with critical financial data and metrics necessary for owners, executives, and leaders to better understand sales and internal/external operations.

Implemented Prophix Corporate Performance Management (CPM) tool to streamline all budgeting, forecasting, planning, and reporting from an inefficient process utilizing consolidated Excel worksheets. Included creating a Business Intelligence tool within Prophix, working closely with the IT team, by integrating key operational and customer metrics from our proprietary CRM/operations software, DISAWorks, in conjunction with the financial information from our accounting system.

In 2015, following a severe downturn in the industry, led effort to reduce operating costs by $4.5 million in the first half of 2015.

Supervised and trained FP&A team of 2 Senior Financial Analyst and 2 Financial Analyst.

Veolia Environmental Services Controller Houston, TX 2011 – 2012

Oversaw Accounting, IT and HR for Sub-Sea Construction Company, with revenue of $152 million and EBITDA of $34 million

Prepared Marine Offshore division for sale from parent company to Brazilian Private Equity firm in 2012.

Prepared, examined, and analyzed accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.

Developed internal control policies, guidelines and procedures for activities such as budget administration, cash management and accounting and received and recorded requests for disbursements; authorized disbursements in accordance with policies and procedures and over saw the receipt of cash and checks and deposited funds.

Determined the depreciation rates to apply to capitalized items, and advised management on actions regarding the purchase, lease or disposal of such items.

Supervised employees performing financial reporting, accounting, billing, collections, HR, and IT functions and reduced the month end close process from 9 days to 5 days by mapping out all monthly close activities and coordinating personnel across different departments.

Lead and managed all budgeting and forecasting for 12 departments.

Supervised 2 GL accountants, 1 AP/AR clerk, 2 Procurement Specialist, 2 IT personnel, 2 HR personnel, and 2 facilities personnel.

DISA Global Solutions Corporate Controller Houston, TX 2009 – 2011

Managed Finance and Accounting for global leader of safety compliance solutions for companies focused on certifying employees in safety-sensitive and labor-intensive industries, such as crude oil (including refining and exploration/production), petrochemicals and transportation. Worldwide revenues in 2011 exceeded $36 million, servicing over 7,000 client companies with over 250 employees. Experience includes:

Managed AR and AP teams with very high volume, with invoicing/collections from approx. 11,000 customers and billing from approx. 4,000 vendors and General Ledger group in the accounting department. Decreased monthly close process from 12 days to 5 days with process mapping.

Prepared monthly & quarterly financial reports, including detailed variance analysis for DISA Management and Board and prepared quarterly Board financial package.

Oversaw and program managed all due diligence efforts and managed successful financial integration efforts in completing four add-on acquisitions and calculated purchase accounting entries on four acquired companies.

Worked with CFO and CEO on Company’s successful Private Equity Sale / Leveraged Buy Out in 2010.

Managed detailed external annual audits with service provider BDO, including audit which had both Predecessor and Successor audited statements, and complex purchase accounting because of the December 2010 sale. Oversaw all federal, state and international tax calculations and filings working with BDO.

Initiated automation of several business processes and was able to decrease annual shipping expense by 61%.

Negotiated $4 million credit line from bank for company and created ninety-day cash forecast for company along with calculated monthly and quarterly sales commissions. Main contact with bankers for daily activity and issues.

Supervised accounting for global SaaS revenue recognition.

Supervised Assistant Controller, AR Supervisor, AP Supervisor, and Financial Reporting Manager

TECHNIP USA Assistant Controller Houston, TX 2008 – 2009

CUSTOM AIR PRODUCTS & SERVICES Accounting Manager Houston, TX 2006 – 2008

SOLVAY CHEMICALS Senior Accountant & Credit Manager Houston, TX 2001 – 2006

DELL COMPUTERS Senior Financial Accountant & Analyst Round Rock, TX 1999 – 2001

IXC COMMUNICATIONS Senior Financial Accountant Austin, TX 1998 – 1999

CAPSTAR BROADCASTING, INC Assistant Controller Austin, TX 1997 – 1998

CLEAR CHANNEL COMMUNICATIONS Internal Auditor / Sr. Accountant San Antonio, TX 1995 – 1997

ADVANTAGE RENT A CAR Accountant San Antonio, TX 1994

EDUCATION

BBA, Accounting, The University of Texas at San Antonio

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