Larry O'Dell, President

Larry O'Dell is President and founder of O'Dell Consulting Group, LLC, a North Carolina consulting firm serving clients throughout Raleigh Durham, Charlotte, Greensboro, Winston-Salem and other North Carolina cities.   Larry is a CPA certified with the state of North Carolina and he has over twenty-five years of accounting, consulting, and operating experience in a variety of industries including manufacturing, distribution, construction, retail, service and finance.   During that time, Larry has helped many businesses succeed and become more profitable. He is committed to providing the highest level of client service through his professionalism, problem solving skills and devotion to finding the right solution for each client.   Larry's education, experience, strengths and sample of accomplishments are as follows:

Education

• 6 years public accounting experience with Price Waterhouse
• 7 years as an Assistant Controller with two publicly-traded companies
• 2 years Manufacturing Controller with a publicly-traded company
• 5 years Controller with a medium-size private company
• 5+ years partner/owner of accounting firm

Strengths

• Diverse experience
• Strong analytical skills
• Reporting, budgets and audits
• Project management
• Leadership
• Strategic planning
• TQM experience
• Responsiveness
• Customer service oriented
• Results oriented

Accomplishments

• Led efforts to reduce physical inventory losses for distribution - approximate $500,000 annual savings
• Reduced staff in inventory control department by eliminating non-value added activities - approximate $50,000 annual savings
• Reduced annual audit by one month – improved planning and execution
• Reduced staff in general accounting department by eliminating non-value added activities and improving staff level - approximate $50,000 annual savings
• Led efforts for combining multiple companies data in order to function within one automated environment – chart of accounts conversion and item unit of measure conversion
• Initiated cost savings program – initial year approximate $160,000 savings
• Improved value added responsibilities of inventory control and accounts receivable personnel – became analysts versus clerks
• Led team responsible for coordinating new product implementations – experienced significant time decreases in introducing new products
• Improved “float” on company's accounts payable – approximate $25,000 annual savings
• Staff growth of only one person in five years for accounts payable despite company growth of over 50% in same time period – more organized and eliminated non-value added activities
• Led team responsible for successfully implementing Material Requirement Planning (MRP) for manufacturing division
• Led successful implementation of cycle counting for manufacturing division
• Led reduction of manufacturing division physical inventories to one per year – approximate $100,000 annual savings
• Participated in an IPO and several public debt offerings
• Served on Strategic Planning and Compensation Committees
• Saved small business clients annual amounts ranging from $3,000 - $25,000 through tax planning, cost-benefit analyses, and cost reductions