Phone: (630) - 730 - 6912
www.hudsoncrossing.biz
~~ www.linkedin.com/in/stevenplapp
~~
hudsoncrossing@aol.com ~~
Innovative Turnaround & Financial Professional…
Over 15 years experience in manufacturing, oil & gas, healthcare,
advertising, and retail…
Expert
in: Delivering “state of the art” decision-making information systems…
Facilitating acquisitions, mergers, and joint ventures… Obtaining working
capital... Effecting profitable turnarounds… Project Leader and Team Builder
Key Achievements:
 | Facilitated the reduction of a $22 billion
contingent liability to $25 million for a $700 billion financial
institution. Designed and programmed Cash Reconciliation database
which resolved problem for over 180 cash reconcilers
|
| Obtained $20 million in working capital working
with officers to develop reliable financial plan for presentation to
financial institution giving job stability to over 3,500 employees for a
$250 million manufacturer
|
| Increased Gross Margin from 11% to 23% for a $60
million manufacturer by working with company officers and managers to
cut operating costs. Programmed gross margin analysis by product and
product lines |
PROFESSIONAL
EXPERIENCE
President - Consultant Hudson Crossing
LLC Lisle, IL
Design and development of
financial and management systems using:
Excel, Access, MS Project & Visual Basic,
Clients 1993 – present:
Turnarounds
National Excelsior Company. Wholesaler of HVAC
equipment to new home builders
| Facilitated buyout preparing financials… Assisted
new company officers in $6.5 million start-up |
| Established new general ledger, accounting and
fixed asset system after acquisition. |
| Managed monthly closing of over 75 journal entries
and 30 account reconciliations |
| Programmed system improvements reducing closing
process from eight to five days |
AEC, Inc. $100 million manufacturer of robots
for industrial manufacturing
| Facilitated buyout preparing over 30 “due
diligence schedules for bank and acquiring company auditors |
| Designed and programmed 30 day Cash Management
system that managed daily cash requirements |
| Provided stability and managed three banking
relationships during “Due Diligence”
|
Profit Improvement
Krack Corporation, $60 million manufacturer of
industrial refrigeration
| Increased Gross Margin from 11% to 23% working
with company officers to reduce operating costs |
| Designed and programmed new accounting and cost
system using MAPICS on an IBM AS400 |
| Implemented Activity Based Costing and Gross
Margins Analysis for over 75 products |
| Managed department of seven people: three
professionals and four support staff: GL, AP, PO, FA, PR |
Contingent Liability Reduction
CitiBank, $700 billion financial institution.
World’s largest.
| Facilitated the investigation and the reduction of
the contingent liability from $22 billion to $25 million |
| Designed and programmed new Cash Reconciliation
data base system for division of over 240 employees |
| Trained over 275 personnel in working with new
cash reconciliation data base including 15 KPMG accountants |
| Gave job stability to over 240 division employees
preventing elimination of Chicago division
|
