New York University

Rensselaer Polytechnic Institute

Proficient at NetSuite, QuickBooks, Blue Cherry, Advanced Excel

CFO  -  COO  -  Consumer Products and Services Companies

New York, New York, United States

CFOutsource is a financial/business services consulting company specializing in finance, M&A, operations and technology. Built company from ground to $1.2M in 10 years serving 50+ small to medium-sized companies. Clients range across diverse industries including beauty/consumer products, technology, luxury goods, retail, manufacturing, distribution, consulting, food, biotech, licensing and non-profit. • Established/led accounting and financial functions at companies including manufacturers, marketers and an IPO.• Instituted efficiencies at multi-site inventory and manufacturing locations, freeing up working capital, generating higher turns/lower days on hand and lower AR DSO.• Formulated complex financial planning models, managed budgeting and forecasting at multiple companies.• Stabilized distressed balance sheets, managed cash and raised capital for privately held start-ups.• Introduced internal controls to mitigate risks and managed cash, inventory, receivables, fixed assets, IP; ensured tax and legal compliance.* Selected CFO / COO Roles:     > Consulting CFO—MPowerd, Inc., NY, NY (2016 – present)     > Consulting CFO—Bond No. 9 NY, NY (2014 – 2016)• Hired to lead start-up hair care products company through operating and financial challenges.• Secured $1.5M in purchase order financing to procure and manufacture industry-first product line (HerCut) with initial distribution at Sephora.• Negotiated 3-year exclusive distribution contract with prestige European specialty retailer with 700 retail outlets in 7 EU countries; devised creative strategy to generate first-ever cash advance (~$300K) to execute launch.Consulting COO/CFO—Sustainable Youth Technologies, NY, NY (2008 – 2010)• Drove operations, devised business plans and financial forecasts, and secured $1M from angel investors for cash-strained organic natural consumer products company.• Led team to select and implement NetSuite cloud-based ERP and integrated ecommerce site.

CFOutsource, Inc.

PRESIDENT  -  PRINCIPAL  -  FOUNDER

Began as Consulting CFO in September, 2016.

MPOWERD Inc.

Oversaw Finance, IT and HR administration functions for leading private equity owned home fragrance manufacturer (<a href="http://www.nestfragrances.com).xn--nvg">www.nestfragrances.com).•</a>  Oasis Outsourcing PEO saving $50K annually in employee benefits expenses.•  Sourced, negotiated and executed $9.5M asset based credit line, tripling borrowing capacity.•  Executed selection and implementation of CGS / Blue Cherry ERP system; oversaw IT infrastructure move to new 14,000 square foot office.

NEST Fragrances

Chief Financial Officer

- Executed direct-to-salon marketer/distributor launch, developed new business, negotiated deals and directed operations; drove start-up company from the ground up to $3M in annual net sales.•  Innovated product, label-to-order system; devised unique agency selling structure for US and Canada.•  Managed global patent application process and trademark administration including successful infringement litigation outcome.•  Introduced stock incentive plan for employees and ground-breaking SEC / multi-state Blue Sky-approved stock option plan for salon owners.

Profound Beauty (Mana Products, Inc. affiliate  ̶  CFOutsource)

Chief Operating Officer

Oversaw financial function for troubled fragrance manufacturer in work-out, facilitating sale of licensed (Nautica) and non-licensed businesses to strategic buyer.

Paul Sebastian, Inc.  ̶   CFOutsource

Interim CFO

Provided financial and operational oversight for prestigious leading brands such as Ann Taylor, Carnival Cruise, American Eagle Outfitters and Diane Von Furstenberg.

Debaun Group, Inc.  ̶  CFOutsource

CFO  -  Vice President

- Built operating infrastructure and directed finance, manufacturing, call center, distribution, IT and day-to-day administrative operations for start-up holding worldwide license for University of Utah patent.•  Devised business plan and prospectus that raised $7M through successful IPO (NASDAQ small cap).

Howard Friedensohn