Ann C. Diddlebock

ABOUT ME

Ann Diddlebock, FT/Fractional CFO and Senior Financial Executive – SMB focus. With years of experience and expertise in diverse industries, I partner with teams to strategically build financial growth infrastructures and develop staff.

Industry experience include:

  • Retail
  • Commercial construction
  • Commercial real estate development
  • ATM placement and electronic transaction processing
  • Cable television.

My Mission

To create a solid financial platform for companies, so talent, energy and creative bandwidth is not restricted by financial concerns, but used to disrupt ordinary business models, launch new initiatives within their company and industry. Always a strong focus on growing revenue, margin and bottom line.

MY RESUME
fullsizeoutput_46

MY SERVICES

Financial Transparency

Create format and manage production of monthly allocated financials (as high as 60)

Read More

Corporate Turnaround

Create and negotiate debt restructure plan with lenders

Read More

Compliance

Income tax compliance and preparation overview

Read More

Build Financial Platforms

Recruiting, Training and Developing Staff in Finance, IT Operations and HR

Read More

Advisor to Stakeholders

Advise owners on strategic impacts of issues and/or business decisions

Read More

MY EXPERIENCE

12/2015 – 4/2019
12/2015 – 4/2019

Workplace ELEMENTS, LLC

Chief Financial Officer

Progressive furniture and architectural products company operating nationally. Revenue growth from $65M to projected $92M. Responsible for Accounting, Finance, HR, IT and Sales Coordination departments - supervised 24 employees with a total employee base of over 145.

Financial Transparency for Stakeholders
  • Implemented transparent, understandable reporting for Profit/Cost Centers in 27 monthly P&Ls
  • Hired a programmer to build GPM exception reports to reduce margin - margin increased 4% in one year
  • Tight collection controls reduced credit line pressures during a high growth period 
  • Clarified/simplified equity distribution reporting reducing shareholder confusion
Corporate Compliance
  • Order entry controls accelerated revenue recognition - existing credit line serviced a backlog increase from $18M to $36M
  • Corporate contract compliance management system established for GSA, construction and sales contracts
  • Loan covenant oversight with special attention to distribution impact
  • Income tax alignment
Corporate Build
  • Negotiated a $3M credit line increase in response to growing backlog pressure of $42M
  • Negotiated a facility expansion loan
  • Advised owners on divestments and acquisitions - used CAPM methodology
  • AV/IT infrastructure redesign with concentration in cyber security and IT infrastructure reporting
2/2005 – 12/2015
2/2005 – 12/2015

Appliance Factory Outlet

Chief Financial Officer

Colorado based operation with 15 retail outlets, 450 employees and $86M in revenue. Retained as an independent consultant and promoted to CFO. Supervised staff of 17.

Corporate Turnaround
  • Reversed a negative equity position, tripled revenue and increased profitability 600% in 2 years
  • Created and negotiated debt restructure plan with lenders
    • Reduced bad debt from $387K to $12K on a 4x AR base
    • Established credibility in operations post debt write offs
  • Positioned financials for external audit – all accounts scrubbed to insure data integrity
Financial Transparency for Stakeholders
  • Managed production of 60+ monthly P&Ls monitoring margin, sales mix targets, profitability and budget/forecasting
  • Accounting/Finance Internal System upgrades and restructure
    • Inventory controls reduced shrink 75 bps
    • Hired a programmer to automate  payroll processing in a  complex commission/piecework pay environment - prompted by a headcount increase of 200
    • Designed procedures to interface with existing POS system to address Full Cost Absorption, Inventory and Merchandising Funds issues
  • Implemented two changes in accounting methods to align with industry standards
Corporate Build
  • Management of treasury, insurance, deferred comp and equity compensation
  • Six real estate purchases/financing including a 338,000 s.f. warehouse facility
  • Lease negotiations and management
  • Lowest departmental corporate turnover rate in the company. Emphasis on employee cross-training and professional development. High departmental customer service rating
  • Trustee of Owner’s Intentionally Deficient Guarantor Trust (IGIT)

Cash Resources - Consultant

ATM sales, deployment and processing startup - 7 year build and sold to Efunds with subsequent acquisition of a prepaid cellular phone company.

United Artist Entertainment -Reconciliation Manager

Post-merger (Daniels/United Cable/United Artists) cash ledger Manager, sales tax compliance development

RACO Development Corp.-Controller

National real estate developer, office warehouse spec/build to suit, brokerage service

Saunders Construction, Inc.-Credit Manager/Payroll Administrator

General contractor for major building projects in Colorado

Financial Executives International – Colorado Chapter Member
Finance Committee Member - YMCA of Metropolitan Denver

MY BLOG

See More Posts

CONTACT ME

Email Me: Ann@cfowisdom.com