Commercially focussed Finance Executive with extensive experience of driving and delivering cash positive, profitable business growth based on World Class Finance through a focus on total quality, process excellence, ruthless continuous improvement and high performance teams.
Significant experience in leading and delivering successful growth, transformation and change programs in a number of organisations ranging from SMEs and enterprise operations through to global multi-nationals.
Extensive International experience in B2B services, pharmaceutical, healthcare, biotechnology, technology, media and logistics sectors.
Co-developed and successfully utilised a unique methodology, STABLTRAC TM, to manage the most difficult and highest risk stage of a Transformation project, the Stabilisation phase.
Excellent team-building and communications skills and a proven track record of success.
Creates and executes on a vision, is highly motivated, enthusiastic and results oriented with a hands-on, flexible and can-do approach dealing easily with complexity and ambiguity.
Specialties: Driving cash positive, profitable international growth;
Finance Transformations;
Finance and HR SSCs, ERP implementations & BPO transitions;
Implementing action-oriented MIS;
US corporations and the complexities in EMEA;
Turnaround of failing business;
Negotiating mergers and acquisitions in various geographies;
IPO in both UK and USA and private equity funding;
Strategic sourcing programs;
Implementing business process change; reorganising and restructuring;
Directing Tax and Treasury functions.
Director @ From January 2009 to Present (7 years) Director @ Scentrics has developed a unique cloud-based encryption protocol providing one-click easy to use solutions for:
a) Secure messaging across devices and platforms (BYOD)
b) Secure Social networking
c) Secure Cloud storage From August 2008 to Present (7 years 5 months) Finance Transformation @ * Managed the transition of the Accounting, FP&A and Order to Bill activities from the US operation in Boca Raton, Florida to the new SSC in Sofia, Bulgaria
* Head of Record to Report in the SSC in Sofia and managed the transition in of the US, UK, Benelux, Italy, Romania, Bulgaria and Greece. From July 2014 to December 2015 (1 year 6 months) Finance Transformation @ Wincanton is a leading provider of supply chain solutions in the UK and Ireland, serving multiple sectors from 250 sites with 1.8m sq. m of warehouse space and storage, 4,000 vehicles and 16,000 employees.
* Implemented a new management information system based on a data cube which was integrated with the GL and non-financial data.
* Designed a reporting suite to provide integrated information across the entire business.
* Used STABLTRAC TM methodology to complete the stabilisation phase of a P2P implementation and outsourcing project.
* Instigated optimisation phase to improve the first time match rate from 80% to 95%, eliminate outstanding queries and better utilise the technology platform in particular the i-portal and e-invoicing. From April 2012 to July 2013 (1 year 4 months) CFO Europe @ RDA is the publisher of the well know magazine with around $2bn global revenues, $600m of which is in 20 countries in Europe with 750 employees and a finance team of 108.
* Designed a summarized business model and implemented a new strategic planning process.
* Implemented updated monthly reporting and reforecasting processes.
* Implemented a comprehensive tracking process for Investment in recruitment of new customers.
* Conformed key KPIs between finance and marketing and implemented new reporting process.
* Designed a Finance Transformation program to restructure finance around a redesigned approach to deliver improved performance and efficiencies.
* Renegotiated key support agreement with UK licensee. From October 2010 to October 2011 (1 year 1 month) VP Finance EMEA, Interim @ B+L is focused on eye health with over $2bn annual revenues ($1bn in EMEA) and 11,000 employees in over 100 countries globally.
* Negotiated a global F&A outsourcing contract with WNS, as part of the global B+L team to deliver $1.7m pa cost savings.
* Planned and implemented the EMEA part of the program which covers:
- Transition of 5 major countries from Accenture
- Transition of 2 countries from in-country teams
- Transition of 1 country onto the global PeopleSoft financials ERP system
* Successfully completed Transition in a 3 month period to December 2009 with year end reporting completed on time and with no subsequent audit issues.
* Implemented a comprehensive Stabilisation program to manage the post Transition Stabilisation period between the country finance teams and the BPO partner, WNS.
* Successfully completed Stabilisation within a further 3 month period to March 2010.
* Successfully achieved Optimisation in June 2010, at which point this phase of the Project was complete.
* Established in-house Process Excellence Team to drive migration to single standard global processes.
* This very complex project was a complete success, achieved all deliverables and was on time and on budget and is being used as a reference by WNS.
* Developed and implemented a successful turnaround program in the South African business.
* Re-engineered annual planning process to support the new global BU structure.
* Restructured the EMEA finance team around the new B&L global BU structure, planned and implemented a headcount reduction of 32% from 178 to 121 and eliminated the need for the EMEA Head of Finance role. From January 2009 to June 2010 (1 year 6 months) Finance Director, Europe @ Iron Mountain is the world’s leading records management company with annual revenues of $2.7bn and 21,000 employees globally.
* Launched a Transformation Program to take the IME Finance Team's performance to world-class levels to better support the Iron Mountain business in Europe as it grew organically and through acquisition.
* Turned around failing UK Shared Service centre with new management team and focus on performance metrics.
* Implemented Oracle Financials in UK; Implemented Cognos budgeting for all of Europe; implemented Essbase-based European consolidation and reporting system.
* Implemented standardized monthly reporting and improved country reporting by 24% to day 7; improved consolidated reporting from day 45 to day 16.
* Managed due diligence and integration for 8 acquisitions and 4 joint ventures.
* Improved control environment and reduced SOX significant deficiencies from 3 to zero in 2007.
* Established procurement-savings tracking system and doubled annual savings.
* Improved Finance Team satisfaction by 25% as measured through annual employee survey. From 2006 to 2008 (2 years) Senior VP, Professional Services Organisation @ Implemented Quintiles $50m Finance and HR Shared Services Program creating the PSO which included 2 Finance Shared Service Centres (SSCs); 2 HR SSCs; Global Systems (production support and development); Finance and HR Business Analysis; and Global Strategic Sourcing. Operated the PSO as a “business within a business”, reporting to the CFO and a member of the senior Management Team.
* Implemented PeopleSoft HR (single global instance) initially in NA and UK & Ireland then Germany, CEE, Italy and then globally. Migrated to a single payroll in both NA and UK.
* Created NA and UKI HR SSCs. Resolved (significant) transition issues. Conformed processes, implemented KPIs, improved performance. Complied with EU data protection requirements.
* Implemented PeopleSoft Finance (single global instance) in UK/Ireland.
Created UKI Finance SSC. Resolved (significant) transition issues. Subsequently rolled in a further 9 SBUs in NA (42% of NA) and 2 SBUs in UKI (40% of UKI). Conformed processes, implemented KPIs and improved performance. Implemented SOX compliance processes.
* Managed PWC and Andersen consultants through to the completion of the implementations in NA and UKI. Subsequent projects were managed internally.
* Supported PeopleSoft Finance and HR systems and other related Finance and HR systems, including help desk support, systems maintenance, updates and functional and geographic enhancements. Successfully completed major version upgrades to both systems. Implemented SOX compliance processes in Global Systems.
* Managed Global Strategic Sourcing program. Increased savings from $9m in 2001 to over $30m (>20% of spend) annually in 2004. Devised and then implemented STAR quality program with 17 key suppliers.
* Commenced program to appropriately outsource activities, commencing with production support. Reduced total PSO headcount from 230 to 150. Reduced annual direct spend from $18.5m to $13.1m (>30% reduction). From January 2001 to March 2005 (4 years 3 months) International Divisional CFO, Innovex @ In late 1996 Innovex Limited was acquired by Quintiles. Innovex’s principle business was the provision of sales and marketing services to the pharmaceutical industry worldwide.
* Grew the business at a cagr of 32% to revenues of $660m with 8,800 heads and from 8 countries to 19 countries, both organically and through acquisition.
* Supported Divisional CEO in all financial matters and development of strategy, including monthly reporting and forecasting, annual budgeting and strategic planning.
* Relocated to Corporate HQ in the USA in 1999. From March 1997 to December 2000 (3 years 10 months) Finance Director & Company Secretary @ Cambrio was created in 1995 to establish a pharmaceuticals group through acquisition and then to float on the LSE.
* Negotiated the acquisition of two companies, one Italian and one British, completed comprehensive due diligence on both companies and prepared detailed projections.
* Prepared for flotation on the LSE, including preparation of the prospectus and presentations to prospective investors. From August 1995 to March 1997 (1 year 8 months) Finance Director & Company Secretary @ Xenova Group plc was a UK biotechnology company which was quoted on NASDAQ in the USA.
* Completed four rounds of private investment and three rounds of corporate investment which together with the US IPO and flotation on NASDAQ raised a total of £45.9m.
* Managed all aspects of business planning, finance, treasury, company secretarial and systems. From 1988 to 1995 (7 years) Group Finance Director @ York developed a range of instrumentation for the fiber optic industry and partnered with Southampton University to develop novel sensor and other applications for speciality fibers From 1983 to 1987 (4 years) Financial Controller @ From 1981 to 1983 (2 years) Senior Financial Analyst @ From 1979 to 1981 (2 years) Senior Management Consultant @ From 1978 to 1979 (1 year) Audit @ From 1973 to 1978 (5 years)
FCA @ Institute of Chartered Accountants in England and Wales From 1973 to 1976 BSc, Ist class honours, Computer Science @ The University of Manchester From 1970 to 1973 Dr Challoners Grammar School Phillip Price is skilled in: Business Process, Outsourcing, Management, Business Process Improvement, Program Management, Change Management, Business Analysis, Shared Services, ERP, Business Transformation, Business Strategy, Cross-functional Team Leadership, Process Improvement, Budgets, Leadership
Websites:
http://www.chartridgeassoc.com