Paul McClure MBA CPA

Experience

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  MCCLURE CONSULTING

  Fractional CFO/Controller

  Jan 2021 - Present

  Fractional CFO for SaaS, technology, manufacturing, and retail companies, often serving as the first senior finance leader. Partner with founders, CEOs, and investors to drive financial strategy, cash planning, fundraising support, and decision-making. Develop financial models, KPI frameworks, and forecasting processes that improve visibility, cash discipline, and support scalable growth. • Built budgeting, KPI, and financial modeling frameworks to support strategic planning, fundraising, and executive decision-making • Created scalable accounting and finance reporting for leadership, lenders, and investors, improving visibility and business decision support • Evaluation and implementation of ERP and financial systems to improve reporting accuracy, operational efficiency, and scalability • Support M&A evaluation, diligence, and strategic planning initiatives across multiple client engagements

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  Collabra Technology

  CFO/Corporate Controller

  Jan 2021 - Dec 2021

  Collabra Technology is on a mission to empower real estate professionals to build and maintain powerful spheres of influence. We are building for a future where real estate content, data and technology are merged to create opportunities for enduring and extraordinary customer relationships.

  • Finance and accounting executive for this SaaS/Technology company operating in the real estate marketing technology space, responsible for all finance functions in the organization. Duties focus on financial modeling, developing multi-year financial plans, cash planning, budgeting, and partnering closely with CEO on strategic business planning including M&A and fund-raising activities. Ongoing interface with other company executives to evaluate and advise on the financial impact of strategic and operational plans. Manage relationships with external accountants and auditors. Develop technical accounting policies especially around ASC 606.
  • Develop financial modeling, multi-year financial plans, cash planning, and budgeting for strategic planning and decision support, as well as BoD reporting and presentation to the Board.
  • Rebuilding the finance and accounting department and converting from cash to accrual (GAAP) basis of reporting in preparation for financial audit. Designed, developed, and deployed technical accounting policies, especially regarding ASC 606 and other SaaS relevant GAAP pronouncements.
  • ERP implementation and conversion to NetSuite. Other business software implementations and conversions.
  • M&A planning and support, as well as fund raising both equity and debt.
  • Work cross functionally with Operation, Sales, and Product to help develop and execute on strategic and tactical business objectives.
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  IdentityMind Global

  Chief Financial Officer

  Sep 2015 - Dec 2019

  Acuant enables and enhances trusted transactions for all industries. Our Trusted Identity Platform provides complete identity verification, regulatory compliance and digital identity solutions leveraging AI and human assisted machine learning to deliver unparalleled accuracy and efficiency. Acuant Compliance (formerly IdentityMind) delivers automated and cost effective AML/KYC, transaction monitoring and sanctions screening. Our omnichannel platform provides seamless customer experiences when it comes to verifying identity, fighting fraud and establishing trust across the physical and digital world. Patented and proprietary digital identity technology provides a trust score when you need it, expedites trusted users and detects suspicious users before they transact. Acuant has completed more than 1 Billion transactions in over 200 countries and territories obtaining a global footprint that provides the best coverage.

  • Finance and accounting executive for this SaaS company operating in the Fintech compliance space, responsible for all finance functions in the organization, including debt and equity financing, human resources, risk management, financial reporting, and customer success. Provided critical input to the Sales, Marketing, and Network Operations teams. Positioned company for long-term sustainable growth, starting from ground zero and building it into a profitable venture. Ensured strict compliance with all regulatory and generally accepted accounting principles and standards.
  • Planned and executed a wide range of finance functions, including financial modeling, developing multi-year financial plans, cash planning, budgeting, KPI dashboard reporting, and partnering closely with the CEO on all equity and debt financing rounds.
  • Designed, developed, and deployed technical accounting policies, especially regarding ASC 606 and other SaaS relevant GAAP pronouncements. Developed and managed month-end/period-end closing tasks, and FP&A schedule.
  • Spearheaded and led projects, which included the implementation of the company’s ERP system as well as managing the department's technology stack. Worked cross-functionally with Sales, Marketing, and Legal, to implement systems company-wide.
  • Built, cultivated, and maintained relationships with key internal and external stakeholders, including external auditors, tax accountants, and investment bankers for annual audits, tax preparation, and fundraising.
  • Conceptualized and developed innovative business strategies to build the company customer base from 0 to 350+
  • Represented the company's mission and values while directly interfacing with other company executives and BOD to evaluate and advise on the financial impact of strategic and operational plans.
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  Sterling International, Inc./RESCUE!® Pest Control Products

  Director of Finance and Administration

  Jan 2014 - Aug 2015

  At RESCUE!®, it’s our goal to design, manufacture and market the safest, most effective pest control solutions available. Our products are the result of exhaustive and ongoing research and development, decades of experience and a commitment to solutions that respect the environment without sacrificing results. RESCUE!® products are good for the environment, but they're also good for consumers who care about an effective method of pest control. Years of research, field-testing and enhancement by Sterling's team of scientists go into every product to ensure that it consistently lures or repels the targeted insect in different geographic locations and varied weather conditions. Our line of products to mitigate problems with ants, flies, wasps, hornets, yellowjackets, spiders and other pests is available to consumers at hardware stores, garden centers and home improvement retailers throughout the U.S. and beyond.

  • Finance and accounting leader for this mid-market CPG manufacturing company. Effectively handled all accounting, finance, and administrative functions. Streamlined department processes to meet operational and financial goals and align with expectations, brought the department up to date, and built a professional organization. Successful in directing accounting functions and supervising all accounting and administrative personnel.
  • Directed all finance and accounting functions, including financial modeling, planning and analysis, budgeting, and preparing financial statements for external/internal reporting.
  • Conceptualized, redesigned, and implemented a new ERP systems for more effective management decision support, and reliable operations and accounting information.
  • Developed a comprehensive annual budget and worked with leaders of various departments to identify fiscal needs.
  • Sourced, recruited, trained, developed, and empowered a multifaceted staff of 15 across finance, accounting, and administration functions. Motivated team to go above-and-beyond to meet and exceed expectations.
  • Triggered a $1M+ tax savings by leveraging the knowledge of tax accounting and tax rules to write off dead inventory and generate significant cost savings.
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  TriGeo Network Security

  Accountant

  Jan 2011 - Dec 2011

  TriGeo Security Information Management (SIEM) The industry's first solution that combines real-time log management and analysis, event correlation, endpoint security and USB defense – in an affordable network appliance. Real-Time Analysis and Response Required Detecting and stopping today's zero-day, multi-vector and blended threats requires real-time, in-memory, analytics that can capture, correlate and respond to network attacks and insider abuse – at network speeds. Forensic security is not enough! Meet Your IT Compliance Objectives TriGeo is an "Audit-Proven" log management, monitoring and analysis solution that will help you satisfy the requirements imposed by PCI, GLBA, FDIC, NCUA, HIPAA, SOX and many others.

  • Primarily responsible for the General Ledger, Financial Statements, and Accounts Payable. Duties also included management of multiple sub-ledgers, such as Deferred Revenue, Cost of Goods Sold, Inventory, Fixed Assets, Prepaid Assets, and Accrued Liabilities. Cash account reconciliations such as all bank accounts, short-term investment accounts, and petty cash; and additionally reconciliation of all company Amex credit card accounts. Additional duties such as month end/ period end closing, purchasing and tracking of inventory, as well as business equipment and supplies. Report to and consult with company Controller on accounting issues with regards to financial, and tax accounting areas. TriGeo was a SaaS company specializing in enterprise network security, and was acquired by Solar Winds.