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Tola Fakolade In 60 Seconds...
As a CFO with two decades of experience, Tola has led major turnarounds by improving the financial status of companies from loss to profitability. He also has an exceptional track record of delivering sustainable results, such as driving double-digit revenue growth, developing strategic plans, implementing internal control systems, and leveraging technology to automate processes.
Tola is a member of the Ottawa/Gatineau-Eastern Ontario CFO services team.
Specialist Skills
Budgeting & Forecasting
Setting business goals, developing annual budgets, setting up financial governance processes to track variances to budget and implement mitigating actions.
Profit Improvement
Lead pricing negotiations, optimizing operating costs and driving process efficiencies.
Cash Flow Improvement
Managing capital budgets, optimizing working capital and negotiating bank facilities.
Business Planning
Setting strategic long term objectives, and developing 5-10 year financial forecasts.
Systems & Controls
Developing KPIs, implementing internal controls processes and automating financials reports.
Track Record Highlights
- Led the profit improvement initiative for a technology company by partnering with the multifunctional teams to identify opportunities to deliver over $10 million in profit improvement.
- Led the automation of financial reports and forecasting processes leveraging business intelligence tools which reduced month-end reporting cycle by 5 business days.
- Led the effort to deliver $4 million operating cost reduction for a manufacturing company by leading a process improvement workshop to identify inefficiencies in operations.
- Led the implementation of a supply chain optimization software that led to a logistics cost reduction of $3 million.
- Led the development of a long-range strategic plan for a consumer electronics and subscription business, which provided the playbook for new product launches and expansion plans for the next 10 years.
- Developed the first investment strategy for a not-for-profit organization which was approved by the Board of Directors.
Sector Experience
- manufacturing-transport-logistics: Household Products, Healthcare Products, Warehousing & Transportation
- retail-consumer-products: Food & Beverage, Household Products, Alcoholic Beverages
- technology-media-telecoms: E-commerce, Subscriptions & Licensing, Consumer Electronics
- not-for-profit: Charities, Professional Associations, Foundations
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