Nicole Phelan

Nicole Phelan


  • 30+ Years of Accounting Experience

    with strong month-end close, financial reporting, and cash management experience. 

  • Process Improvement Leader

    streamlining business operations that drive growth, increase efficiencies, and significantly increase bottom-line profits. 

  • Revenue Recognition Expertise


  • Provided accounting and finance leadership and transitional support.
  • Reviewed and re-engineered reporting and accounting processes for revenue and receivable management on $175MM annual rev and $80MM gross receivables flowing from multiple systems, ensuring proper application of ASC 606 and reserve assumptions.
  • Provided annual audit preparation and support, resulting in unqualified opinions received within stated covenant deadlines.
  • Reduced the monthly financial close cycle 25% (2 days) by consolidating activities, eliminating redundancy, and employing “pre-close” actions during non-close periods.

  • Implemented ASU 842 for leases, transitioning 50+ lease agreements to update standards, as required for public companies.

  • Managed general accounting and reporting, including monthly and annual closings, cash management, FP&A, AR/AP, risk management, Federal/State/Local tax filings, and operational controls. 
  • Expedited the monthly financial close process by 60% while improving financial reporting accuracy. 

  • Developed and maintained interim, annual, and three-year corporate budgets. Partnered with the CEO to develop a strategic three-year plan that guided up to $4M in additional private equity investment. 


  • Led $900M restatement of results on distressed asset
  • Coordinated payable confirmation with over 70 vendors and root-caused deficiencies in purchasing, receiving and payable processing.
  • Led EBITDA scrub to recover $30M of addback adjustments
  • Led transaction coding in P2P and general journals minimizing the need for inefficient month end allocations.
  • Project lead for AP/AR/GL ERP implementation.
  • Implemented new processes to achieve continuity and improvement objectives.
  • Developed monthly reporting package consisting of operational metrics and KPIs to better manage internal staff productivity and customer profitability. 
  • Implemented revenue recognition processes that aligned operational cash flows 
  • Implemented detailed budget vs. actual analysis to inform functional leaders.