Customer-Centric CFO Leader Recognized for Efforts to Enable Hypergrowth in New Enterprise Lease Accounting Software Category.
RESTON, Va.– December 20, 2018 – LeaseAccelerator, the pioneer in the Enterprise Lease Accounting software market, announced today that its CFO, David McCullough was named a winner of the 2018 Finance Monthly CFO Awards. Every year, the Finance Monthly CFO Awards celebrate the achievements of some of the most respected CFOs across a wide variety of sectors and industries globally.
David joined LeaseAccelerator as CFO in 2015 shortly after the company completed its Series A funding round. In his first year, David focused on re-engineering the company’s corporate functions including finance, accounting, contracts and procurement to allow for scalability, future growth and international expansion. He upgraded financial systems, instituted new corporate performance metrics and re-engineered business processes to be consistent with best-in-class SaaS providers.
As growth began to accelerate, David turned his attention to helping the sales organization, getting closely involved with negotiating new contracts at large accounts. He also played a central role in managing the company’s cash flow and fundraising activities as the company navigated through periods of explosive growth. Earlier this year the company secured $30M in a Series B funding round from Insight Venture Partners, following a record-breaking year of hypergrowth that included a tripling of revenues and quadrupling of the customer base.
“David has been a key player in LeaseAccelerator’s growth. He’s not only helped the company with critical planning activities such as budgeting and cash flow forecasting, but he has been relentlessly focused on customer acquisition as well,” said Michael Keeler, CEO of LeaseAccelerator. “I’ve never seen a CFO get so personally involved in helping to negotiate contracts and ensuring that the outcome is a win-win scenario for both us and the customers who are depending upon us for success with their lease accounting projects.”
Prior to joining LeaseAccelerator, David worked in a number of CEO, CFO, Controller and Senior Vice President level roles at various technology, business process outsourcing, and systems engineering companies, including ANHAM FCZO, Deltek Systems and Gyrofalcon Group. David is a Certified Public Accountant in the State of Virginia and a Chartered Global Management Accountant.
Finance Monthly is a global publication delivering news, commentary and analysis to those at the center of the corporate sector. Published earlier this month, the Finance Monthly CFO Awards celebrate the success and innovative vision of CFOs across a wide range of different sectors around the globe. To read the full profile of David McCullough visit the Finance Monthly CFO website at https://cfoawards.finance-monthly.com/previous-editions/2018/42/
LeaseAccelerator offers the market-leading SaaS solution for Enterprise Lease Accounting, enabling compliance with the current and new FASB and IFRS standards. Using LeaseAccelerator’s proprietary Global Lease Accounting Engine, customers can apply the new standards to all categories of leases including real estate, fleet, IT and other equipment at an asset-level. On average, LeaseAccelerator’s Lease Sourcing and Management applications generate savings of 17 percent on equipment leasing costs with smarter procurement and end-of-term management. Learn more at http://www.leaseaccelerator.com/.
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