Publication
Making Your Software Work for You: An ERP Implementation Tutorial
https://www.toptal.com/management-consultants/financial-controllers/erp-implementation
Ted is currently unavailable
Ted Bartlett
Verified Expert in Management Consulting
Management Consulting Expert
Cleveland, OH, United States
Toptal member since March 29, 2018
Bio
Ted has led the finance and operational functions of companies with sales ranging from $2 million to $20 billion, including Xerox and the Gowan Company. He has recently specialized in modeling, negotiation, and deal architecture for mid-market M&A transactions and joined Toptal to help a broad array of clients to create value through acquisitions. Ted is also a licensed CPA and holds an MBA.
Career Highlights
General Manager, Osborne Seed Business Unit
Gowan Seed Company
Division CFO
Gowan Company
Education Highlights
Master of Business Administration (MBA) Degree
Cleveland State University
Bachelor's Degree
Cleveland State University
Certification Highlights
Certified Public Accountant (CPA)
Arizona State Board of Accountancy
Industry Expertise
- Accounting Services
- Advertising & Marketing
- Banking
- Financial Modeling
- Taxation
Other Expertise
- CFO
- Controllership
- Financial Planning & Analysis (FP&A)
- M&A (Buy-side)
- Post-merger Integration
- Term Sheet Negotiations
Work Experience
Assistant Chief Financial Officer
2020 - PRESENT
Hickman's Family Farms
- Hired to replace the retiring CFO in mid-2020, responsible for all accounting, financial reporting, and budgeting for a $300-million enterprise.
- Modernized the data capturing process for several key business practices.
- Implemented Power BI business intelligence tools, to aid in effective business and financial analysis.
- Advised executive leadership team on best practices, and led the implementation of several immediately upon starting work.
Focus areas: Management, Audits, Banking & Finance, Mergers & Acquisitions (M&A), Budgeting, Accounting, Financial Planning & Analysis (FP&A)
Corporate Controller
2019 - 2020
Trax Technologies, Inc.
- Led accounting for a recently merged set of SaaS businesses, providing freight/parcel audit and bill payment services for customers via a proprietary software platform.
- Improved a problematic implementation of the NetSuite ERP system.
- Developed data analysis tools in Microsoft Power BI to aid in the effective management of both operations and finance functions.
Focus areas: Financial Modeling, Budgeting, Accounting, Financial Planning & Analysis (FP&A)
General Manager, Osborne Seed Business Unit
2017 - 2019
Gowan Seed Company
- Led a business unit comprised of two locations and 22 employees and grew the unit's sales by 20%.
- Revamped the marketing program, including the website and catalog design, social media, trade shows, and pricing.
- Integrated two newly acquired business units into Gowan Seed, including two software implementations required to migrate from legacy packages to the enterprise resource planning (ERP) system of the acquiring company.
- Grew the same-period sales by 40% while increasing marketing spending by only 10%.
- Optimized the purchasing and repackaging practices driving improved efficiency that translated into large improvements in fulfillment speed and customer satisfaction. Cut the busy-season fulfillment time from five days to three days with continued program improvements expected to allow for same-day shipping in the 2019 busy season.
- Led the deal architecture and modeling duties from the prior role after assuming the role of general manager.
Focus areas: Mergers & Acquisitions (M&A), Marketing, General Management
Member of the Board of Directors
2015 - 2018
Acequia Biotechnology
- Served as a member of the initial board of directors of a biotech startup, focused on finance and business matters.
- Monitored the project through the first few years, holding scientists accountable and consistently leading the business toward practical outcomes rather than academically interesting ones.
- Conducted an analysis relating to scale-up, contributing practical business expertise to the management that lacked such expertise.
Focus areas: Board of Directors
Head of Corporate Development
2016 - 2017
Gowan Seed Company
- Served as the primary deal architect and negotiator for three mid-market acquisitions aimed at improving the company's distribution footprint to new geographies.
- Built models for each deal, determining appropriate valuation and deal structuring.
- Presented each deal to the board of directors, gaining approval to make each acquisition with a 100% approval rate.
- Developed detailed term sheets for each deal to be updated throughout the negotiation, which served as the framework for the ultimate purchase agreement. Saved thousands of dollars in outside legal fees for each deal through this effort.
- Led the integration of the newly-acquired business units into the acquiring company.
Focus areas: Post-merger Integration, Mergers & Acquisitions (M&A)
Division CFO
2013 - 2016
Gowan Company
- Managed all finance and accounting activity for 13 companies across the US and Canada, which involved a total of $400 million in sales.
- Led a team of 14 professionals, ensuring consistent excellent performance, and strong incremental growth by younger team members.
- Managed a complex multinational banking transition, and continued to manage ongoing relationships with banks, insurance companies, and multiple outside CPA firms.
- Executed a complex process of converting the primary holding company from a C Corporation to an S Corporation.
- Automated multiple finance processes, including Accounts Payable, Bank Reconciliations, and electronic vendor payments (ACH/EFT).
- Led estate planning efforts, in conjunction with outside attorneys, that shielded hundreds of millions of dollars worth of assets from estate tax.
Focus areas: Taxation, Estate Planning, Management Accounting, Management, Audits, Financial Planning & Analysis (FP&A), Accounting
Controller
2012 - 2013
Chemring Ordnance
- Established an effective control and review regime to an accounting function which had previously lacked either.
- Cleaned up the balance sheet over several months, conducting research of questionable items despite weak historical records. Ensured that all items in the balance sheet existed, and could be substantiated in time for the year-end audit.
- Led the business unit through multiple audit visits in the absence of a permanent chief financial officer, beginning immediately after starting work. Pushed for, and achieved, substantial improvements in financial operation quality in a short period of time in conjunction with those audit findings. Took the business unit’s accounting performance from the “worst to first” over a six-month period.
- Repaired a substantial fixed assets program which was not properly maintained for nearly a year, and was in complete disarray. Established and maintained new processes to ensure successful fixed asset management on a go-forward basis.
- Served as a finance lead on a major implementation of Microsoft Dynamics GP. Participated in the adoption of GP’s Manufacturing Orders module which allowed labor, materials, and overhead to be costed accurately at a product/lot level. This replaced a much less effective manual back-flushing process.
Focus areas: Budgeting, Accounting
Division Controller
2007 - 2012
Xerox
- Served as a controller for the company’s largest client-serving business unit, and nine smaller ones which combined to represent 64% of the business unit’s revenue, totaling $110 million.
- Conducted and presented an unsolicited analysis of the workforce mix (employees and contractors) in a billable hours environment, recommending the elimination of higher-cost contractors with full-time employees. This recommendation was eventually adopted and resulted in cost savings of approximately $900,000 per year.
- Developed training and led the user-level implementation of JD Edwards job cost functionality, and time accounting module. The job cost implementation encompassed 150 users, and the time-accounting implementation included more than 500 users.
- Led the management of close processes, time accounting, accounts payable, capitalized software program, fixed assets, accrued liabilities, utilization reporting, all income statement accounts, variance analysis, and review and approval of all journal entries at the company level.
Focus areas: Budgeting, Capital Budgeting, Financial Reporting, Accounting
Financial Analyst
2005 - 2007
DRS Technologies
- Served in an entry-level finance and accounting position for the manufacturer of power and control products used primarily in US Navy ships.
- Supported senior management by providing accurate and timely analysis and reporting.
- Assisted in the formulation of a new protocol designed to efficiently allocate research and development funds, and to subsequently quantify the success of these projects.
- Contributed to a variety of financial and operational decision-making processes, including mergers & acquisitions, cost accounting, and contract analyses.
Focus areas: Capital Budgeting, Financial Planning & Analysis (FP&A), Mergers & Acquisitions (M&A)
Other Experience
Education
2010 - 2012
Master of Business Administration (MBA) Degree in Operations Management
Cleveland State University - Cleveland, OH, USA
2002 - 2005
Bachelor's Degree in Finance and Accounting
Cleveland State University - Cleveland, OH, USA
Certifications
JULY 2014 - JULY 2021
Certified Public Accountant (CPA)
Arizona State Board of Accountancy
Skills
Finance
Budgeting, Financial Reporting, Audit Management, Mergers & Acquisitions (M&A), M&A (Buy-side), Startup Funding, Financial Planning & Analysis (FP&A), CFO, Accounting, Management Accounting, Estate Planning, Taxation, Capital Budgeting, Financial Modeling
Output Software
Microsoft Excel
Geographic Expertise
United States, Mexico, Canada
Industry Expertise
Aerospace & Defense, Agriculture, Professional Services, Banking & Finance
Data & Analysis Software
SAS, Tableau, NetSuite, Hyperion
Other
Post-merger Integration, Term Sheet Negotiations, Term Sheets, Controllership, Financial Controlling, Corporate Controller, Startups, Financial Controls & Processes, Interim Financial Controller, Business Strategy, BPO, Turnaround Management, Business Services, US GAAP, Negotiation, Modeling, Biotechnology, eCommerce, Microsoft Power BI, General Management, Marketing, Audits, Management, Board of Directors, IFRS Financial Reporting, Human Capital Management, Sage ERP, JD Edwards, SAP, Essbase
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