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Sally Ball is a proven financial executive and a
hands-on financial leader with twenty years experience working in
both a large multi-national Corporation and an emerging public company.
She served as Controller and Contracts Director at Harris Corporations
Transcomm Division (formerly Air Traffic Control Division) and Chief
Financial Officer and Controller at Exigent International, Inc.
As an accomplished Financial Executive with companies
managing long-term projects with both government and commercial
contracts, Ms. Ball effectively managed the Accounting and Financial
functions including Accounting Services, taxes, project financial
reporting, proposal generation, public (SEC) reporting, ERP system
implementation, budgeting and planning, cash control, bank relationships,
external audit relationships, negotiations of indirect rate proposals,
investor relations, risk management and other operating organizations.
Through her experience with Exigent Ms. Ball:
- Organized and prepared Company for sale by evaluating bankers,
creating detailed strategic plan, leading due diligence team and
presenting to prospective buyers. Resulted in successful sale
yielding 137% premium over stock trading price.
- Reduced reporting cycle by organizing team, setting milestones
and implementing modifications in processing resulting in reduction
in cycle from 30 days to less than 3 working days.
- Implemented new Finance / HR system for a $35M company with
300 employees by organizing team, setting up schedule with milestones,
delegating responsibilities and conducting semi-weekly status
meetings resulting in completion within ninety day period, enabling
more accessible information.
- Chaired efforts to identify and choose new banking relationship
by soliciting proposals, evaluating bank input, interviewing each
prospective bank and negotiating terms resulting in increase in
credit line of $3.2M or 178% over existing line and an improvement
in terms.
- Reversed decision of Nasdaq board by preparing and delivering
presentation detailing steps taken in restructuring Company resulting
in reversal of decision and raising listing from Bulletin Board
to Small Cap Market thereby increasing investor community available
to Company.
- Restructured and organized Corporate support functions resulting
in a streamlined staff with five fewer heads and a reduction in
costs of $300K+.
- Lead the Company through pay cycle as well as benefit changes
by analyzing unique location requirements, implementing changes
and communicating to all employees resulting in avoidance of potential
problems with the Department of Labor in several states and a
reduction in year end cash outlay of $250K.
- Coordinated and negotiated closure of six years of indirect
rates with the Government procurement office through developing
package, discussing issues and reaching settlement agreements
resulting in the ability to invoice government customer for $300
500K in cost and fees.
- Moved company from a cash deficit to a cash surplus through
developing detailed cash forecasting process, reviewing expected
receipts and disbursements regularly and reviewing all requested
expenditures for need and funding resulting in pay off of all
debt, ~ $3.0M and reduction in interest rates of 0.5% within a
two year period of time.
- Participated in team evaluating potential acquisition and integrated
acquired company into existing company within 90 days through
structuring team, detailing milestones and tasks and coordinating
all activities resulting in successful integration with no unhappy
customers, vendors or employees.
Ms. Ball received her Bachelors Degree in Business Administration
from the university of Kentucky in Lexington, Kentucky and her
Masters Degree in Business Administration from the University
of Florida in Gainesville, Florida. She has continued her studies
through continuing education in various topics including the specialized
requirements related to the Software Industry.
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