Jayson Potts, VP

Jayson is a seasoned professional with expertise in accounting, finance, project management and systems to help advise our clients on strategy, operations, organization, M&A, IPO and Business process improvement across all industries. Using his innovative and customized solutions, he often finds money that more than offsets his costs. In fact, over the last decade, he has saved his clients more than $8 million dollars that they have been able to invest in other key initiatives or capital projects.

ERP Implementation/Project Management

• Orchestrated the “internal” software development of one of the “first ever, enterprise-wide finance accounting systems to account for the new ASC606 Accounting standard (Revenue Recognition). Successfully implemented this ERP system that accounts for 30% or $1B of the company’s revenue while eliminating contract review FTE’s by70%.

• Took over an Oracle implementation that was over budget and running a year behind by creating a new project plan and implementing a new “Agile/scrum” methodology and re-engineered the change management program that improved project predictability, reduced risks and increased flexibility which reduced the project budget by 30% and got the project timeline on track in less than three months.

Business Event Transactions – IPO/Rev. Merger/M&A ($7.5B in Transaction value)

• Orchestrated the IPO S-1 filing as well as the creation of the S-1 and subsequent 10Q and 10K documents for an Exploration and Production Company in less than six months.

• Led the successful filing of the S-4 (reverse merger) for a long-term Care client valued at $168 million dollars with a team of 25 consultants, employees and internal/external auditors that included the completion of two years audited financials, creation of the F-pages and MD&A.

• Led a team of 50 employees and consultants on the Merger and post-acquisition integration in the amount of $2.4 billion; this included all due diligence, valuation, purchase price allocation, staff augmentation and system integration.

Process Improvement/Project Management

• Re-engineered closing time by twenty-five days by implementing a closing calendar, establishing metrics using GAAP, SEC, 10Q/10K, tax checklists and created automated reports.

• Re-engineered the consolidated financials from subsidiary companies via a roll up from SAP; created procedures to tie out the consolidated financials, correctly account for eliminations saving 30% in FTE overhead a month.

• Performed a “forensic audit” on the joint interest billing statement for an oil and gas small non-operator and foundthat the operator had overcharged their working interest by over $350K

CFO Advisory/Project Management

• Orchestrated company-wide effort to cut costs and maximize the drilling expertise in the field to increase production and 3P reserves to increase profits which increased the asset value 25% for a $100M Oil and gas company.

• Re-engineered the consolidated financials from subsidiary companies via a roll up from SAP; created procedures to tie out the consolidated financials, correctly account for eliminations saving 30% in FTE overhead a month.

• Led audit review effort to verify prior year tax returns for accuracy and found tax depreciation errors as well as fixed asset misclassifications which resulted in a $1.5MM favorable adjustment for the client.

• Orchestrated the first ever 5-year strategic plan and detailed capital drilling

program which helped streamline oil and gas production in the “Bakkan shale” which increased revenues by $100million in one year.

• Re-engineered operations, accounting, finance and marketing for a $2 Billion Mid-Stream Company by implementing a transformation project that reduced the closing cycle from 20+ days to 10 and led to increase deficiencies in A/P, A/R, and G/L and a monthly savings of over $500K per month.

Education

• BSBA Finance – University of Tulsa

• MBA Accounting – University of Phoenix