William Bruyea, MBA
Chief Executive Officer at Outsourced CFO Consulting- Claim this Profile
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Bio
Experience
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Outsourced CFO Consulting
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United States
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Business Consulting and Services
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1 - 100 Employee
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Chief Executive Officer
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Sep 2022 - Present
Chattanooga, Tennessee, United States Let me help you "Become the CEO Everyone Admires!"
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Assemblers Incorporated
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United States
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Retail
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200 - 300 Employee
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Chief Financial Officer
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Apr 2019 - Sep 2022
Chattanooga, Tennessee Area Senior Financial Leader for the country’s largest assembly company, with 25 direct reports. Results Through management of critical KPI's and strong G&A expense management have added $2 million to bottom line in 2020. Mandate • Standardize and document accounting and payroll processes, integrate accounting system with Salesforce, update budgeting process, identify and implement new payroll system and ERP. Solutions • Integration with Salesforce… Show more Senior Financial Leader for the country’s largest assembly company, with 25 direct reports. Results Through management of critical KPI's and strong G&A expense management have added $2 million to bottom line in 2020. Mandate • Standardize and document accounting and payroll processes, integrate accounting system with Salesforce, update budgeting process, identify and implement new payroll system and ERP. Solutions • Integration with Salesforce complete • Month-end close reduced from 25 to 10 days through process improvement and training • Accounting roles re-evaluated; work redistributed based on skill sets, and performance metrics developed • Accounts Receivable over 60 days reduced from 27% to 2% in 4 months, improved cash flow by $1M • Budget model created by product and line of business integrated with sales forecasting and headcount • Project Manager for Payroll Project implementation project - complete • Project Manager for New Mobile App project - due September 30 • Project Manager for Salesforce.com Enhancements project - due October 31 Show less
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Woodtex LLC
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United States
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Construction
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Controller
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Jan 2019 - Apr 2019
Greater Nashville Area, TN Mandate • Standardize accounting processes, integrate accounting system with Salesforce, train accounting staff, develop standard costing Solutions • Integration with Salesforce complete • All accounting processes evaluated, streamlined, and documented • Accounting roles evaluated; work redistributed based on skill sets • Developed standardized month end close process, accountabilities assigned • Standard costing model designed, product model pricing adjusted accordingly… Show more Mandate • Standardize accounting processes, integrate accounting system with Salesforce, train accounting staff, develop standard costing Solutions • Integration with Salesforce complete • All accounting processes evaluated, streamlined, and documented • Accounting roles evaluated; work redistributed based on skill sets • Developed standardized month end close process, accountabilities assigned • Standard costing model designed, product model pricing adjusted accordingly, monthly P&L by product created • Excel budget model created by product and line of business integrated with sales forecasting and headcount Show less
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Alpine Corporation
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United States
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Leasing Real Estate
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1 - 100 Employee
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Chief Financial Officer/Chief Operating Officer
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Sep 2017 - Jan 2019
Los Angeles, California Mandate • Standardize processes, systems, and solutions to make company scalable for 300% growth target Solutions • Paid down of bank Line of Credit by $1 million in 180 days by implementing Invoicing and Accounts Receivable best practices, and assigning best collection skills to reduce Accounts Receivable by 12 days • Further lowered Line of Credit by $800k by lowering inventory levels by 20% with no impact on order fulfillment or stockouts through coordinated purchasing, review of… Show more Mandate • Standardize processes, systems, and solutions to make company scalable for 300% growth target Solutions • Paid down of bank Line of Credit by $1 million in 180 days by implementing Invoicing and Accounts Receivable best practices, and assigning best collection skills to reduce Accounts Receivable by 12 days • Further lowered Line of Credit by $800k by lowering inventory levels by 20% with no impact on order fulfillment or stockouts through coordinated purchasing, review of MOQ’s, and elimination of overflow warehousing • Outsourced IT function resulting in 40% annual IT expense savings over in-house solution • Outsourced Accounts Payable and Order Entry overseas slashing labor costs on these functions by 50% • Used process mapping and data analysis expertise to reduce costs, improve efficiencies, speed throughput, while documenting multiple departmental SOP’s • Developed Excel budget model to manage 8 lines of business and improve sales forecasting, headcount management, and normalize cash flow to take pressure off Line of Credit • Cost savings from A/R and Inventory initiatives reduced $8 million bank line by $1.6 million over 180 days • IT cost savings of $100k annually with improved throughput of IT change requests and reduced downtime • Labor savings of $80k annually on data entry function Show less
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Aeros Aviation
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United States
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Airlines and Aviation
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Chief Financial Officer
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Oct 2014 - Sep 2017
Dallas, Texas Mandate • Assist with consolidation of Phoenix facility with Dallas plant • Develop operational KPI’s leading to efficiencies and performance improvements • Create tools to improve CEO decision making Solutions • Facility consolidation move to Dallas completed with zero downtime and 100% “on-time” customer deliveries • Job costing, pricing initiative, and production process evaluatoin for more than 150 products resulted in gross margin improvement of 12% • Same initiative… Show more Mandate • Assist with consolidation of Phoenix facility with Dallas plant • Develop operational KPI’s leading to efficiencies and performance improvements • Create tools to improve CEO decision making Solutions • Facility consolidation move to Dallas completed with zero downtime and 100% “on-time” customer deliveries • Job costing, pricing initiative, and production process evaluatoin for more than 150 products resulted in gross margin improvement of 12% • Same initiative resulted in cancellation of production of 11 products with zero profit • Delivery KPI metrics and updated processes improved “on time” deliveries by 15% and reduced shipping costs by 22% using process mapping and data collection evaluation • Led and developed tools for centralized data collection initiative to facilitate Executive Dashboard resulting in better KPI management and improved decision making Show less
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Chief Financial Officer
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Aug 2013 - Sep 2014
Flagstaff, Arizona Mandate • Development of first Strategic Plan within 12 months collaboration with CEO and Board of Directors • Implement and streamline financial and operational processes in a political environment with 7 unrelated businesses, no standard chart of accounts or systems, and minimal technology budget • Evaluate and reduce organizational risk • Implement consolidated budget for 7 lines of business • Shorten month-end reporting from current 45 days Solutions • Payroll labor… Show more Mandate • Development of first Strategic Plan within 12 months collaboration with CEO and Board of Directors • Implement and streamline financial and operational processes in a political environment with 7 unrelated businesses, no standard chart of accounts or systems, and minimal technology budget • Evaluate and reduce organizational risk • Implement consolidated budget for 7 lines of business • Shorten month-end reporting from current 45 days Solutions • Payroll labor savings $50k annually with fewer errors by outsourcing payroll including biometric time capture • Improved IT network uptime by 15%, slashed more than $100k annually on in-house IT administration, resolved IT network risk issues by taking IT Network to the cloud and remote monitoring • Reduced month-end close from 45 days to 20 days through goal setting, mentoring and training, using financial accounting “best practices”, and process mapping and analysis for improvement • First formal consolidated budget for all businesses completed for 2014 fiscal year by building a sophisticated Excel Model and training business unit managers on budget creation • First organization Strategic Plan approved by Board of Directors and Tribal Council within 12 month deadline Show less
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Education
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The University of South Dakota
Master of Business Administration (MBA), Majors: Accounting, Operations, Strategic Planning -
PMI
CAPM -
The University of Western Ontario
B.A. (Honors), Business Administration, Accounting