Mike Hodes In 60 Seconds...
A hands-on, strategic 20-year CFO in Vaughan, Greater Toronto Area with 33-years of business experience supporting entrepreneurial CEOs, running companies with revenues ranging from $2m to $20m as they operate and expand internationally.
MOST PROUD of preventing an 80 employee company from going under without taking on new funding or diluting shareholder value and leading a successful $10m exit in 2-years.
Specialist Skills
Cash Flow Improvement
Accounts Receivable Factoring, SaaS Financing, Overdraft Facilities, New Payment Terms (Customer And Vendor), Capital Leases, Cost Containment
Budgeting & Forecasting
Creating Scenarios for Cost Containment, Expansion, Fund Raising, Investor Decks
Financial Reporting
Board Reporting, Audit and International Expansion
International Business
Setting Up International Offices in France, The UK, US And Ongoing Management Of Finance, Administrative, Vendor And Contracts, Tax And Legal.
Due Dilligence
Preparation Of Data Room and Ensuring That All Records (Financial And Non-Financial) In Good Order To Prepare For Due Diligence
Track Record Highlights
- Led a successful $10m strategic exit in 2-years.
- Improved cash flow by securing a $2M invoice factoring facility that covered Accounts Receivables in France, the UK and US.
- Created a self-service financial reporting dashboard in 2-months for the Board, Management Team and Country Managers that facilitated timely decision making.
- Took a SaaS company public in 2022 on the TSX Venture Exchange (Toronto) via a reverse takeover (RTO)
- Led 2 private companies through US and European expansion as CFO.
- Reduced month end close from 15-days to 4-days across an international company.
- Raised $12m of new investment via a private placement and concurrent financing.
Sector Experience
- Technology Software, SaaS: Ecommerce, Business Process Management, Consulting services
- Public Relations & Communications Services
Looking For Something Specific?
Tell us what you're looking for & in as little as 48-hours of contacting us, we'll arrange a meeting with a Fractional CFO from our team of 100+ who has the experience you need to help you achieve the numbers that really matter to you.
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