Beth Donalds

Experience

• 

  Sumitomo Corporation of Americas

  Jan 1988 - Jan 2000

  • Responsible for Administrative Divisions: Treasury, Accounting, Credit, Collections, Logistics, MIS, Warehousing and Human Resources• Evaluated and recommended profitability strategies for sales and marketing• Prepared business plans, projections, budgets and forecasts• Implemented a credit insurance program; reduced expenses and increased cash flow• Outsourced the collections and credit functions; reduced days outstanding, chargebacks and costs and increased efficiency with a net savings of $250,000 per year• Analyzed cash flow projections, assessed cash requirements and funded accordingly• Evaluated, proposed and selected a new warehousing arrangement thereby increasing services and reducing costs• Monitored inventory levels; considered and implemented various approaches to reduce levels• Considered, selected and installed the “Footworks” computer software• Responsible for Brazil and Hong Kong Subsidiaries Show less • Accounting Representative of the Merger and Acquisition Project Team• Accounting Representative of the Management Information System Development Team; integrate all branch and subsidiary accounting systems within five years• Performed Internal Audits at all 30 SCOA subsidiaries• Created and managed the Subsidiary Financial Reporting Division; responsible for 80 subsidiaries• Responsible for the Subsidiary Budget Process including analysis and asset allocation. Worked closely with subsidiaries in assessing sales targets and profit goals• Coordinated the preparation of the SCOA Consolidated Financial Statement, Annual Report as well as all Subsidiary Financial Statements Show less

  • Vice President of Finance- Ipanema Shoe Corporation

    Jan 1998 - Jan 2000

  • Director- Internal Audit; Director- Subsidiary Accounting; Director- Account Control

    Jan 1988 - Jan 1998
• 

  Daikin America

  Jan 2000 - Mar 2012

  Treasurer; Director of Operations; Corporate Controller

  • Functional accountability for all Administrative Functions: Budgeting and Forecasts, Treasury, Accounting, Collections, Credit, Human Resources, Warehousing, Logistics, Insurance, Information Systems and Facilities• Implemented profitability strategies for business units; achieved 20% SG&A cost reductions • Analyzed business plans, projections, budgets and forecasts• Assessed cash requirements; analyzed cash flow projections• Chaired the Inventory Reduction Team; reduced inventory 25% in 1 year• Oversee a 9 person accounting team including the ControllerProjects:• Co-Chair of the Corporate Compliance Committee; oversee the Internal Audit Department as well as SOX compliance with local and global initiatives• Project leader of SOX Implementation Team; successfully implemented in 2007 with no deficiencies• Chairman of the SAP Implementation Project; implementation 2013• Leader of the IFRS Convergence Project; compliance April 2012• Member of System Development Team: installed ERP software for all functions• Member of the Merger and Acquisition Project Team; successful acquisition in 2005• Member of the Benefits Committee; instituted an Executive Compensation Program in 2003, retained a new 401K provider in 2004, implemented a Retiree Medical Benefit Program in 2006• Responsible for the Renovation Project; $5 million renovation to our corporate headquarters Show less

• 

  Business Doctor of North Jersey, LLC

  Apr 2012 - now

  Principal

  As the Business Doctor of North Jersey, Beth Donalds provides big business solutions for small business owners and entrepreneurs. Equal parts CFO, marketing strategist and operations guru, Beth combines 30 years of corporate finance and operations experience with a practical approach to resolving your business challenges. She provides the know-how and hands-on support needed to improve day-to-day operations, shape sales and marketing strategy, and implement tactical plans to drive bottom-line results. Skills and Expertise:• Business Consulting• Marketing Consulting• Business Coaching• Financial Analysis• Strategic Planning• Internal Controls Show less

• 

  Bergen County Professional Women's Network

  May 2015 - Dec 2019

  Featured Columnist

  “Ask the Business Doctor” monthly column