John Sykstus

Experience

• 

  Coopers & Lybrand Consulting

  Jan 1994 - Jan 1996

  Manager, Reorganization/Turn Around Consulting Group
• 

  DevNet Systems

  Jan 2010 - Jan 2012

  CEO
• 

  NOVO1, Inc.

  May 2010 - Jul 2012

  CFO

  Direct financial leadership for 65 Million dollar Outsourcing Call Center. Finance lead of Strategic Executive Committee, reporting directly to the Board of Directors. Direct supervision of 15 finance managers, and over 200 finance agents within departmental responsibilities.

• 

  TopView Consulting

  Jan 2013 - Jun 2014

  Director of Finance

  Performed multiple enterprise financial and accounting appraisals and evaluations, such as renegotiations for companies with distressed debt throughout a wide range of industries. Successfully carried out all duties involved with refunds and restructurings. Enabled efficient collaboration amongst diverse organizations and lending institutions through the formulation and application of myriad best practices for finance, accounting, and reporting.Selected Contributions:• Consulted on a variety of secured debt workout scenarios, resulting in more favorable financing terms, improved reporting, and appropriate controls necessary for business viability.• Engineered ongoing best practices and benchmarking procedures against KPIs to allow ongoing covenant compliance. Show less

• 

  Alight Education and Consulting Services, LLC

  Sept 2014 - now

  Owner and Managing Director

  Financial and accounting consulting services, primarily for start-up and distressed businesses. Strategic planning, turnaround strategy, debt restructuring, business start-up and audit preparation. Deliver academic and extracurricular counsel and advice to high schoolers—predominantly magnet school system and at-risk, city public school students—slated to attend college or university. Steer curriculum development efforts, in addition to providing programs via faculty. Complement accounting, finance, mathematics, and physics subject areas through design and offering of specialized, graduate-level instructional programs.Selected Contributions:• Support student success, assisting learners in the achievement of goals through individualized curriculum design and academic action plans involving parents, teachers, school counselors, and medical staff.• Greater than 90% of students achieved a minimum of one grade level improvement within four months of beginning program.• Medical billing client achieved compliance on SSAE 18 after the implementation of policies and procedures. Show less

• 

  Cagney Global Logistics

  Aug 2017 - Nov 2017

  Interim CFO

  Carried out a comprehensive business feasibility investigation. Devised a plan for restructuring, launching this following authorization from Board of Directors. Negotiated advantageous debt structuring for business reorganization, in addition to conditions of customer contracts. Executed budgeting utilizing flexible projections on a monthly basis, as well as a 10-day financial reporting configuration.Selected Contributions:• Became an integral leader to shareholders and decision makers, spearheading complete corporate restructuring.• Wrote and implemented a systematic workforce reduction plan, including severance packages, benefits administration, and appropriate legal documents limiting ongoing company liabilities.• Negotiated more favorable terms with largest creditors, with flexible payment plans and increased lines of credit for business-critical services.• Reengaged with critical customers and implemented a strategic service recovery plan to mitigate contract terminations for cause.• Redeployed human resources to mission-critical positions to ensure compliance with customer contract requirements. Show less

• 

  Redemption Revenue Cycle Solutions, LLC

  Oct 2017 - now

  VP of Finance

  Initiated and completed a total audit and financial restructuring of complex medical practice. Created and continue to oversee financial best practices, policies and procedures. Full P & L responsibilities, payroll, tax preparation, and financial reporting. Supervise internal and contract staff of twelve. Conduct all treasury activities and banking relationships. Current projects consist of adding additional revenue generating service lines, performing viability analysis for creating a multispecialty Office based vascular and surgical center, to convert to Ambulatory Surgical Center within eighteen months.Selected Contributions:• Designed and implemented financial best practices, resulting in a 36% increase in net revenue.• Engaged new financial institution relationships that resulted in a 20% increase of available credit line and funding for expansion efforts.• Led the formation of subsidiary companies to engage in DME, pharmacy and consulting services which are currently being operationalized.• Designed and implemented financial systems that facilitated a start-up Medical billing client to achieve full compliance on SSAE 18 audit. Show less