RESTON, Va., Dec. 20, 2018 /PRNewswire-PRWeb/ LeaseAccelerator, the pioneer in the Enterprise Lease Accounting software market, announced today that its CFO, David McCullough was named a winner of the 2018 Finance Monthly CFO Awards. Every year, the Finance Monthly CFO Awards celebrate the achievements of some of the most respected CFOs across a wide variety of sectors and industries globally.
David joined LeaseAccelerator as CFO in 2015 shortly after the company completed its Series A funding round. In his first year, David focused on re-engineering the company's corporate functions including finance, accounting, contracts, and procurement to allow for scalability, future growth and international expansion. He upgraded financial systems, instituted new corporate performance metrics, and re-engineered business processes to be consistent with best-in-class SaaS providers.
As growth began to accelerate, David turned his attention to helping the sales organization, getting closely involved with negotiating new contracts at large accounts. He also played a central role in managing the company's cash flow and fundraising activities as the company navigated through periods of explosive growth. Earlier this year the company secured $30M in a Series B funding round from Insight Venture Partners, following a record-breaking year of hypergrowth that included a tripling of revenues and quadrupling of the customer base.
"David has been a key player in LeaseAccelerator's growth. He's not only helped the company with critical planning activities such as budgeting and cash flow forecasting, but he has been relentlessly focused on customer acquisition as well," said Michael Keeler, CEO of LeaseAccelerator. "I've never seen a CFO get so personally involved in helping to negotiate contracts and ensuring that the outcome is a win-win scenario for both us and the customers who are depending upon us for success with their lease accounting projects."
Prior to joining LeaseAccelerator, David worked in a number of CEO, CFO, Controller, and Senior Vice President level roles at various technology, business process outsourcing, and systems engineering companies, including ANHAM FCZO, Deltek Systems, and Gyrofalcon Group. David is a Certified Public Accountant in the State of Virginia and a Chartered Global Management Accountant.
Finance Monthly is a global publication delivering news, commentary and analysis to those at the center of the corporate sector. Published earlier this month, the Finance Monthly CFO Awards celebrate the success and innovative vision of CFOs across a wide range of different sectors around the globe. To read the full profile of David McCullough visit the Finance Monthly CFO website at https://cfoawards.finance-monthly.com/winners-edition/42/
About LeaseAccelerator:
LeaseAccelerator offers the market-leading software-as-a-service (SaaS) for Enterprise Lease Accounting, proven to be the simplest, fastest and easiest path to compliance with the new ASC 842 and IFRS 16 standards. Using LeaseAccelerator's unique Global Lease Accounting Engine, customers can apply the new standards to all types of leases – real estate, equipment and embedded – at the asset level as specified by FASB and IASB. The company's ecosystem of certified, global partners offers a variety of guaranteed turn-key solutions. On average, the firm's Sourcing and Management applications drive savings of 17 percent with smarter procurement and end-of-term management – compliance plus ROI. Learn more at https://www.leaseaccelerator.com
SOURCE LeaseAccelerator
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