Hudson Crossing LLC    

            
When Your World Needs Turning Around             
      

 

 

When all around you is fog and clouds and you can't see a thing,
you need a light to see the way.

 

                           


 

Hudson Crossing LLC major projects have encompassed Strategic & Financial Planning and Budgeting, Cash Management, and Project Management.  They also have entailed Cost Containment Issues and Operations Profitability Analysis.  And as a part of all engagements, they have included evaluation and implementation of Internal Accounting Controls. 

bulletFinancial Planning and Budgeting


Financial Planning & Budgeting

Excel & Visual Basic

bulletArchibald Candy Corporation, $250 million manufacturer of candy including Fannie May \  Fanny Farmer, Sweet Factory, and Laura Secord businesses.

Crisis & Challenge
:  Archibald Candy needed $20 million in working capital to avoid bankruptcy and closing.

bulletDesigned and programmed a Three Year Strategic Planning model using Excel and Visual Basic.
bulletDesigned and programmed Financial Planning and Budgeting system by business unit using Excel and Visual Basic.
bulletWorked with corporate officers and directors in developing Financial Plan
bulletDesigned and programmed Store Budgeting system for over 750 stores nationwide.
bulletProvided Consolidated Financials by division by business unit.
bulletFinancial Plan was used to obtain $20 million needed in working capital.


Financial Planning & Budgeting

Excel & Visual Basic

bulletSuccessories Corporation, $60 million manufacturer of "success motivational" tools and wall décor. Encompasses over 70 stores nationwide.

Crisis & Challenge
:  Successories needed $12 million in working capital to avoid bankruptcy and to build new manufacturing facilities.

bulletDesigned and programmed a Marketing Forecasting model using Excel and Visual Basic programming.
bulletDesigned and programmed Financial Planning and Budgeting system by business unit using Excel and Visual Basic.
bulletWorked with officers and directors in preparing Financial Plan.
bulletProvided Consolidated Financials by business unit. 
bulletFinancial Plan s was used to obtain $12 million to finance the construction manufacturing facilities. 
bulletMoved into new facilities September 1, 1997.


Financial Planning & Budgeting


Excel & Visual Basic

bulletFrankel & Company, $60 million advertising and marketing firm with the following clients:   McDonald's, Ford Motor Company, Visa, Sprint, and U.S. Postal Services.

Crisis & Challenge:
  Frankel & Company was up for sale and did not have a Financial Planning and Budgeting System for 40 account executives.

bulletDesigned and programmed a Financial Planning and Budgeting system using Excel and Visual Basic programming.
bulletTrained over 40 account executives and operating managers on new Financial Planning and Budgeting system.
bulletProvided Consolidated Financials by division.
bulletFrankel & Company was acquired by Leo Burnett & Company.

 

bulletCash Management


Cash Management

Access & Visual Basic

bulletCitiGroup, $700 billion financial services group.

Crisis & Challenge
:  After the merger of Citibank and Travelor's Insurance, the Chicago office of Citibank was out of balance in their major cash accounts by $22 billion with other financial institutions like:  Harris Bank, Northern Trust, LaSalle Bank, and the Federal Reserve banks.  The Chicago office managed the cash accounts for Illinois, California, Florida, Massachusetts, and Washington D.C.  The out of balance condition created a contingent liability of over $22 billion.  This was a crisis situation.

CitiGroup brought in five KPMG Sr. Managers and fifteen KPMG staff accountants to help oversee the reconciliation of the cash accounts.  They also brought in three Sr. Executive officers from CitiGroup in St. Louis to oversee the process.

bulletDesigned, Programmed and implemented new Cash Reconciliation database system for the Cash Reconciliation Group.
bulletDesigned and programmed new Cash Reconciliation database using Access and Visual Basic programming.
bulletManaged four IT consultants in development of Cash Reconciliation database.
bulletTrained over 275 cash reconcilers, Citibank management, and KPMG staff on new Cash Reconciliation system.
bulletCash Reconciliation system enabled over 180 accountants to reconcile their cash accounts on a daily basis.  
bulletFacilitated the investigation of items outstanding items
bulletResulted in the reduction of contingent liabilities from $22 billion to $25 million.
bulletBrought job stability to over 240 Citibank employees.

 

bulletProject Management


Project Management

Access, MS Project & Visual Basic

bulletUOP, Inc., $1.2 billion manufacturer of oil and gas products and designer of oil and gas refineries.

Crisis & Challenge:  The Process Plant Technology Center designs and builds gas processing refineries all over the world.  Their Document Control database system was outdated and crashing all the time.  It would crash and be down for a day or even for a week.  It put the twelve Project Managers in a dilemma in not knowing the current status of the construction of the gas processing refinery.  The Document Control system manages the thousands of drawings, revisions, and literature that go into the construction and operation of a gas process refinery.  They desperately needed the implementation of an entirely new Project Management Document Control system.

bulletDesigned, Programmed and implemented entirely new Project Management Document Control database using Access, MS Project, and Visual Basic programming.
 
bulletManages the thousands of drawings, revisions, and literature for the construction of gas processing refineries around the world.
bulletEncompassed the Process, Controls, and Mechanical engineering groups.
bulletEncompassed business unit of 12 project managers, 75 engineers, and over 20 support personnel.
bulletSaved each project manager at least 10 hours of work each week.
bulletProvided Online review of status of each project and drawings.
bulletPrevented a work stoppage and provided for continual flow of work for over 3,500 contractors worldwide.

bulletProgrammed and implemented an Enzyme Chemical Reactor Analysis system for the Food Processes and Products Group.  This system is used by their clients to analyze the performance of their anti-oxident enzymes.

 

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Last modified: June 27, 2015