About Us
To provide to manufacturing entities with annual sales of $5 to $50 million, access to modern accounting and financial support with a focus on providing top management with high quality business information in a cost efficient manner. Our focus is the use of modern tools to allow administrative processes to be streamlined, allowing the companies staff to focus more of their resources on value generation for the business owners. In addition we can provide to small business, who cannot afford the full time services of an experienced CFO, access to an experienced CFO on a part time or on an as needed basis. We can also provide a full accounting outsourcing for the business owner, which can allow the business owner to spend more time on the higher value that he brings to the business and less time on the administrative roles, while also providing the business owner with access to an experienced CFO.
After a thirty four year career with the past twenty years as the CFO of an operating division of a Fortune 300 company, Ben Townsend established Accounting Innovations with the vision of helping businesses improve their operating results. In addition to the traditional Accounting and IT role that the CFO plays for a business, Ben also had responsibility for Human Resources and Purchasing as well as a member of the management team that was establishing and executing the business strategy.
In Purchasing he has led the organization in developing long term alliance relationships with key suppliers, with a focus on reducing the non-value added costs in the supplier relationship. In addition he developed cost models that allowed the organization to monitor supplier pricing while linking those cost drivers to his company pricing structure.
In Human Resources he has chaired the company team for five union contract negotiations, with the last negotiations taking an informal Interest Based Negotiations approach. In addition, in the face of rising health insurance premiums, he took an aggressive approach, taking the organization from a fully insured plan to a self insured plan allowing the company to reduce its exposure to the speculative side of insurance premiums.
As a CFO of an operating division, he was a leader in implementing new age technologies such as banking services (ACH electronic bill payment and web based banking services), a Procurement Card Program, and an informal Activity Based Costing system designed to provide support to management’s decision process. He also participated in several company acquisitions, both in a due diligence role as well as participating in the negotiations with the sellers and post acquisition action planning and execution.
As part of the management team, Ben played an integral role in the development and execution of a business strategy that allowed the business to experience strong growth in revenue, earnings, and profit margins. Under his leadership his team has focused on reducing non-value added processes while linking his team to the strategy of the business unit and the role that they play in the execution of the strategy.
Ben is a non-traditional accountant, who focuses on the accounting support for the organization as a high value added function for the company stakeholders in addition to their normal responsibilities for compliance and scorekeeping.
In addition, Ben has contacts within other business professions that can help support your operations. Included are tax, insurance, property tax, legal, human resources, as well as executive managment professionals.