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Craig M.

Rutherford
720.839.3455

cruth4d@gmail.com

www.linkedin.com/in/rutherfordcraig

CHIEF FINANCIAL OFFICER / VICE PRESIDENT FINANCE


Team Leadership / P&L / Financial Models / Strategic Financial Planning / Tax & Legal Compliance / M&A
Global Business Expansion / Forecasting / Risk Management / Financial Analysis / Budgeting / Lines of Credit
Lean Agile Business Practices / Stock Option Plans / Vendor Relations / Startup Experience
Change Management / Banking Relations / Compensation Plans / Negotiations / Distribution & Licensing
Strategic executive with a history of success in leading finance, administration and operations with expertise in
building highly reliable financial reports and models that align with actual performance. Passion for collaborating
with executive leadership to develop and implement strategic growth plans that drive revenue and profitability.
Negotiate strategic agreements including sales, partnerships and merger and acquisition transactions. Leverage
superior organizational and analytical skills to reengineer processes and procedures to enhance performance.
SELECTED ACCOMPLISHMENTS
Replaced PEO with top tier firm on time; improved medical benefits and reduced costs. Scaled Agiles
Professional Employment Organization terminated agreement on short notice. Led process to replace PEO within
90 days. Researched and contacted providers, engaged PEO broker, analyzed proposals, obtained Board approval.
Accelerated collections, reduced past due account write-offs for Scaled Agile and Rivet Software. Companies
needed to hasten cash flow. Created AR collection committees. Developed forecast model listing information for
all outstanding invoices. Assigned customers and invoices to individual staff for regular contact.
Controlled spending during challenging business climate. Rivet Software lost its contract with RR Donnelley,
resulting in cash constraints and reduced staff. Company needed to accurately forecast cash position daily to fund
payroll and operations. Expanded cash collection forecast / collections committee concept to add details of
projected cash outflows and availability to borrow against line of credit to meet payroll and vendor payments.
Negotiated line of credit for Rivet Software. Contacted major technology lenders, provided business and financial
information to fairly present the situation. Reviewed proposals from three banks. Original deal fell through due to
internal bank issues. Reopened negotiations and closed deal with second choice under tight time constraints.
Developed and validated strategic growth model for Scaled Agile. Companys business model for revenue
generation and keys to growth lacked clarity and focus. Created visual representation of customer acquisition and
growth model. Worked closely with VP Sales to validate and refine model; reviewed and validated model with
Founder. Model provided way to evaluate customer ecosystem and path to move customers through the process.
Negotiated agreement with key Fortune 500 customer resulting in significant recurring revenue for Scaled Agile.
Worked with sales leadership to develop pricing model and customized quotation to comply with customer needs.
Co-led multiple negotiation meetings; engaged Procurement and Legal teams to negotiate acceptable terms to
protect unlimited license should an acquisition or merger occur.
Overhauled internal financial reporting for Scaled Agile and Rivet Software, converted books to GAAP.
Customized Chart of Accounts (COA) and created customized financial reports that properly represented the
business. Initiated tracking of booked and billed revenue in addition to GAAP revenue. Created GAAP balance
sheet and statement of cash flow.
PROFESSIONAL EXPERIENCE
SCALED AGILE, INC.
A $16M provider of agile software development methodology products and services.
Vice President of Finance, Operations and Administration / Acting CFO

2013 to 2016

Craig M. Rutherford

720.839.3455 cruth4d@gmail.com Page Two

Led all aspects of finance, operations, human resources, tax, legal, IT and administrative functions, transitioning
infrastructures from startup mode to transactional readiness. Managed P&L and three direct reports.
Grew revenue 500% and headcount 400% during tenure.
Created financial projection model; implemented stock option plan; completed 409(A) valuations; developed
internal financial and operations reporting package. Led all Board meetings.
RIVET SOFTWARE, INC.
A $40M developer of financial communications and analysis software.

2009 to 2013

Vice President of Finance and Administration, Secretary & Treasurer


Managed all financial and administrative functions during periods of accelerated growth, contraction and change
in leadership. Managed $40M P&L and up to four direct reports.
Developed new financial model, first strategic financial planning and budgeting process, revenue deferral and
recognition policy and process, and capitalization table. Prepared company for first financial audit.
Closed complex sale of preferred stock to strategic Fortune 50 investor and $2M revolving line of credit.
Led negotiations and resolution of key stock redemption, divestiture and settlement.
BIZNET SOFTWARE
A business analysis and reporting software company.

2009

Vice President of Finance & Chief Financial Officer


Led all aspects of financial and administrative operations including a $5M P&L.
Prepared infrastructure for external investment; assisted with business development and strategic financial
planning until company moved out of state.
Negotiated new software distribution and licensing partnerships with key mid-market ERP software vendors.
Reduced audit costs, improved reporting by managing external financial statement audit and implementing
new deferred revenue recognition procedures.
Implemented new equity compensation plan; rationalized and improved equity structure.
MICROSOFT CORPORATION
A $176.2B multinational computer hardware, software and consumer electronics corporation.

1996 to 2009

Group Finance Manager, 2007 to 2009.


Managed financial reporting, forecasting and budgeting processes for the $1B Business Solutions Division.
Led a team of eight globally located Finance Managers and Analysts.
Enhanced communication of key financial metrics by developing new monthly business review package.
Consistently delivered annual budgets on time and on target.
Vice President of Finance & Corporate Controller, 1996 to 2007.
Supervised accounting and finance functions of FRx Software Corporation, licensed as part of the Microsoft ERP
systems. Managed up to $30M P&L and four direct reports through accelerated growth.
Improved margins by collaborating with Sales to rationalize license agreements and drive price increases.
Directed annual financial planning and budgeting process; created forecast models.
Led successful merger / acquisition financial, legal and due diligence activities of E-Budgets.com by FRx and
FRx by Great Plains and Great Plains by Microsoft.
Achieved zero audit adjustments and internal control issues.
Expanded business into new global markets including Australia and United Kingdom.
EDUCATION / CERTIFICATIONS
MS, Management and Organization, University of Colorado
BS, Accounting and Business Administration, Illinois State University
Certified Public Accountant (CPA), State of Colorado