David Cleaver joined R.I. Heller & Co., LLC with over 30 years of finance experience in various industries including Rental & Leasing, Healthcare, Food Service, Trucking, Temporary Staffing, and Construction. His expertise includes cash flow development and performance and profit improvements.
David is a highly experienced advisor who has developed and implemented successful strategies to improve cash flow and profits for a broad range of Fortune 500 and middle market companies. He is highly skilled in leading the analysis, planning and implementation of operational turnarounds, balance sheet evaluation, and cash flow improvement strategies for underperforming companies. He works closely with directors and senior management to assess alternatives and develop plans, as well as implementation that maximize the company's opportunities to build the bottom line and increase operational effectiveness. He works with organizations worldwide helping them get their cash in quicker, holding on to it longer and spending less.
He has a proven track record of developing and implementing solutions to improve finance and accounting operations, for multi-unit retail and wholesale companies, public, private and governmental organizations.
David has held a number of senior management positions at Hertz Corporation, Fitness Corporation of America, Budget Rent a Car/Budget Group and Alterra Health Care Inc. He is a successful leader who has developed and managed teams ranging in size from 10 to over 1,000. His different assignments throughout the United States and Europe also provided him with a multi-culture and global perspective.
David used his extensive experience in accounting and information technology to develop and improve several cost effective Shared Service Organizations in North America and Europe. Improving operational effectiveness by simplifying and streamline processes are his trademark and has proven extremely successful with one assignment resulting in profit improvement over $50 million.
David Cleaver is also an expert in the revenue cycle from billing to collection. He led a cash flow improvement project increasing cash flow by $30 million. The results at two turnaround assignments, was a cash flow improvement of $12 million by reducing past due 40% for an oil and gas service company and improvement in Day Sales Outstanding of 20 day for a global travel and leisure organization.
David supported numerous restructuring and turnaround assignments providing assistance in accelerating account receivable collection, settlement of accounts payable, claims administration, trustee reporting and vendor relationship. He has also provided independent evaluation for asset based lenders.
