Michal Ardenboim-Danino

Head Of Financial Control at Pierce AB - Pioneers In Ecommerce
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Contact Information
Location
Lidingö, Stockholm County, Sweden, SE
Languages
  • English -
  • Hebrew -
  • Swedish Limited working proficiency

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5.0

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Adam Biedrzycki

I have worked with Michal for almost eight years. Initially she was my Financial Controller for Continental Europe region at Verifone then she was managing entire Europe. When we were working together in the Continental Europe region she was responsible for managing finance, supply, operations and reporting to corporate. She was hard working person, delivering high quality service, responsive, appreciated by the management and her team. She was well organized and taking care of her employees, the company and our business. I can strongly recommend her for any senior/management position in finance and operations.

Imanuel Baharier

I had the privilege of working with Michal during my Verifone years. She is a great person, both on the professional side and the human side. She is focused, dedicated, enthusiastic. She delivers results no matter the challenge, can focus on details while always keeping in mind the big picture and context. She is a creative problem solver on one hand and a precise methodical manager on the other hand, a trustworthy business partner, always looking at how to improve business processes and contribute to company growth. She never backs up and always takes the challenges she is presented with showing great courage and responsibility. She is a natural born team leader and an attentive manager, she knows how to create and consolidate both local and transnational teams. I trust everyone working with Michal will benefit from her many many qualities as a manager and as a professionist.

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Credentials

  • CPA
    -

Experience

    • Head Of Financial Control
      • Mar 2017 - Present

      - Support IPO Listing on the Swedish Nasdaq including IPO readiness project, migration to IFRS, preparation of external reporting package and building internal control function. - Leading finance function including: • Developing core processes and controls • Building back office accounting shared service center function in Poland and transitioning the accounting responsibilities of Pierce Group to Poland • Managing the Finance Control function, team of 30 employees. • Group Tax optimization Show less

    • United States
    • Financial Services
    • 700 & Above Employee
    • Europe CFO
      • Feb 2013 - Mar 2017

      Senior Director, Managing Europe Finance and Operations: • Financal lead supporting Europe President for 18 markets across Europe with approx. $500M in sales. Manage a team of 160 employees among them 7 direct employees• Responsible for financial operating results, reporting, analysis, forecasting and annual planning. • Support Regional President reviewing deals profitability, Gross Margin , operating expenses, revenue recognition etc to maximize results.• Monthly reporting: region Balance sheet, P&L reports, Management reports.• Support business in Sarbenes Oxley compliance and internal control• Cash flow, weekly revenue and collection tracking, inventory and FA management, commission calculation, statutory timely reporting etc.Accomplishments: Establishing and reporting financial and operational KPI Operations Efficiency/transformation activity – review the processes and expenses in the region in order to optimize the processes and reduce the operating cost. resulted in $4M save for H2 2015 and pipeline of additional future saves. Acquisition of 3 companies in Europe and integrating them into Verifone operations, policies/controls and systems (Oracle 11i). Supporting the Oracle R12 upgrade over the region SSC – Support and optimize the move of back office finance functions to Shared Service Center, including establishing order entry Shared Service function. Show less

    • Continental Europe regional controller
      • Aug 2008 - Feb 2013

      Associate Director, Managing Continental Europe entities controllers and operations. • Financial lead supporting Continental Europe General Manager for 8 markets with approx. $100M in sales. Manage a team of 20 employees among them 6 direct employees• Responsible for financial operating results, budget planning, forecasting on a yearly, quarterly and weekly basis. reviews of budget plan vs. actual performance. • Support Regional General Manager reviewing deals profitability, Gross Margin , operating expenses, revenue recognition etc to maximize results.• Monthly reporting: region Balance sheet, P&L reports including BS FLUX and BVA and reconciliation reviews.• Support business in Sarbenes Oxley compliance and internal control• Responsibility on Continental Europe operations from Order entry till supply planning and delivery• Cash flow, weekly revenue and collection tracking, inventory and FA management, commission calculation, statutory timely reporting etc.Accomplishments: Opening the first financial Shared Service center in Verifone and transitioning back office finance into the Shared service center in order to improve operational efficiency and reduce cost. Lead acquisition of 1 company in Europe and help integrate both that acquisition and several global acquisitions Verifone performed (Hypercom, Gemalto) into Verifone operations, policies/controls and systems (Oracle 11i).  Cost reductions – reviewing of processes and expenses in the region in order to streamline processes and reduce the cost, including expense review and approval. Leading Oracle 11i ERP system implementation in Continental Europe. Show less

    • Middle East FP&A Manager
      • Jul 2007 - Jul 2008

      Managing Israel & Turkey operations. • Financial lead supporting Middle East General Manager for 2 markets with approx. $35M in sales. Manage a team of 3 employees• Responsible for financial operating results, budget planning, forecasting on a yearly, quarterly and weekly basis. reviews of budget plan vs. actual performance• Support Regional General Manager reviewing deals profitability, Gross Margin , operating expenses, revenue recognition etc to maximize results.• Monthly reporting: region Balance sheet, P&L reports including BS FLUX and BVA and reconciliation reviews• Support business in Sarbenes Oxley compliance and internal control• Cash flow, weekly revenue and collection tracking, inventory management, statutory reporting etcAccomplishments: Leading Oracle 11i ERP system implementation in Israel & Turkey Leading acquisition in Israel in regards to accounting as well as business due diligence. Show less

    • ASIA regional controller assistant & Israel Assistant controller
      • Aug 2006 - Jul 2007

      Reports to the ASIA controller performing responsibilities similar to regional controller responsibilities in addition to:• Tel Aviv inventory cost accounting and valuation• Monitoring AR collection• revenue recognition• Involvement in day one activity - involvement in VeriFone and Lipman merger in regards to acquisition related issues, post acquisition mergers of VeriFone and Lipman entities worldwide. • Lipman Electronic Engineering Ltd. (Nasdaq, TASE: LPMA): Israel Assistant Controller. Corporate team - Leading the consolidation team, I was responsible on substantial affiliated companies in regards to auditing on a quarterly basis all general accounting issues including revenue recognition, tax issues as well as yearly tax report, BS and PL review and consolidating its financial statements. Show less

    • Business Consulting and Services
    • 1 - 100 Employee
    • Senior
      • 2004 - 2006

      Senior auditor in the audit group. My responsibilities encompassed: handling mainly TASE listed Israeli companies and High Tech USGAAP compliance companies for audit, consolidation, tax, Sox compliance and IPO in the TASE Senior auditor in the audit group. My responsibilities encompassed: handling mainly TASE listed Israeli companies and High Tech USGAAP compliance companies for audit, consolidation, tax, Sox compliance and IPO in the TASE

Education

  • Tel Aviv University
    MBA, Finance
    2006 - 2008
  • Tel Aviv University
    BA, Accounting
    2000 - 2004

Community

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