HOWARD C. CATHEY

Manage Global Order to Cash and Credit departments involving structure, escalation actions, and crafting departmental policies

• YOY 3% net gain in accomplishing receivables goals.
• Collaborated with Sales leadership to create and established Cross-Train Concept (Senior Management/Leadership Triage) internal education maximizing profitability, strong customer relationships and maximize additional sales opportunities
• Administered innovative models, Bad debt risk models reducing bad debt by 11% (single digit total %) in year 1
• Automated, streamlined, and standardized Global O2C processes resulting in significant DSO reduction
• Implemented predictive models for cash forecasting and dynamic receivables management, resulting in 15.9% increase in annual collections
• Worked with Auditors year-round globally on AR compliances and Maintain relationship with Revenue Recognition and established SOX and GAAP compliant AR/Collection controls
• Complete Month/Quarter/Year End Close with Flux and AR Reconciliation analysis.

Managed >1B in annual revenue and Global Credit, Billing, and AR Financial Risk process, specific day-to-day managing responsibilities Administrating global procedures and policies, Mentoring, Hiring, firing, evaluating, and promoting credit department employees

• Analyzing large amounts of data, presentations of data, and communicating results to C-Level management while collaborated with Revenue Recognition and ASC606 compliances
• 2020 Spearheaded and project lead for change of global credit systems, integration, implementation, and automation. Contributing to $1.5m cost savings (reduction in departmental cost) by introducing Moodys BVD for Credit Collections
• Reduced DSO on average by 15-20 days.
• Lead project manager for CFO Global Payment and Billing terms DSO lowering project
• 2018 Year-end, closed credit department with 1 deferred item of 5000 reviewed & collected $5.8MM in revenue not forecasted

Managed >1bn of AR, Billing, Credit and Collections Financial Risk process, and > 30 staff with specific day-to-day managing responsibilities

• Established, created and ensured collection policies and procedures are followed and ensures internal controls are in place while minimizing losses by referring bad-debt accounts to outside agencies or attorneys
• Improved collections and disputes process through use of GetPaid collections tool
• Trained and mentored new employees on collection methods, documentation requirements and performance strategies
• Successfully implemented new technologies and process automations to encourage continuous improvement
• Led year-end close efforts by boosting operating income and receivables to 150% of goals, creating performance payout for Sales
• YOY 3% net gain in accomplishing receivables goals.

Created and Established Credit department from ground up. Managed Credit Risk Finance process >300-500m in AR and specific day-to-day managing responsibilities, including analyzing large amounts of data, delegating team workloads to Collections Managers, maintaining documentation, and communicating results to executive management.

• Prepared credit analytics, risk forecast models, and loss allowance estimations average of 3000 accounts.
• Controlled credit exposure by Assessing credit risk and financial conditions through financial statements, credit trends, and customer data, and prepared credit analytics, such as serious delinquency, to determine level of risk
• Worked with other internal departments to resolve invoicing and collection issues; analyzed potential new and existing customer financial information and credit investigations, initialized, created, and wrote policies for Global Credit Department while complying with internal controls and government regulations
• Credit contributed to lowering overall DSO for five consecutive years and increased receivables.
• Lowered DSO in multiple districts in first three months, set company record lows in DSO within first 90 days