Carol Kochmann provides solutions to the finance and accounting challenges of small businesses.  Her uniquely positive experience as the first Controller and Director of Finance of Lotus Development Corporation furnishes her with exceptional skills that differentiate her from others in the field.  She can lead you to effective, efficient, and profitable operations through her thorough knowledge of control and treasury.  Her specialties include high technology start-ups, venture capital firms, rapid growth situations, restructurings, and "right sizings".

Core Expertise and Potential Services

Control:  Expert management of the profit and loss statement via the critical process of budget formulation. Timely budget variance reporting, allowing for change before it's too late, and leading to bottom line improvement.

Treasury:  Expert management of the balance sheet, most notably cash, via forecasting and periodic monitoring.  Building and maintaining relationships with capital providers facilitating a smoother flow to your business.

Raising Capital:  Networking to professionals in the funding community providing an introduction to capital markets.  Composing business plans, grants, contracts, and initial public offering prospecti thereby formalizing that introduction and insuring the right level of capitalization at the right time.

Systems:  Timely management information.  Implementing and maintaining efficient basic accounting and office automation schemes resulting in current and accurate financial knowledge.

Training:  Building the skills of employees.  Education and teamwork leading to higher morale and lower costs.

Hands-on:  Performing vital accounting functions.  Accurately maintaining the general ledger, accounts receivable and payable, payroll, inventory, and fixed assets providing a solid base for improving financial performance.

Administration:  Identifying and implementing policies and procedures that are structured to suit the culture of a company.  Properly designing these systems thereby improving work flows and enhancing communications.

Relationships with Professionals:  Working with the board of directors, senior managers of sales, marketing, research, development, manufacturing, and independent accountants, tax advisors, and legal counsel.  Achieving an educated and responsive organization by coordinating proper liaison between these varied areas and finance.

International:  Overseas relationships, establishing subsidiaries, tax haven manufacturing, and foreign exchange management.  Enhancing competitive edges in today's global economy by exploring options for managing these increasingly imperative issues.

Taxes:  Remaining alert to issues impacting your business and required tax filings.  Seeking tax minimization and insuring the meeting of tax deadlines.

Selected Clients

Cytyc Corporation, Marlborough, MA, was a $12,000,000 start-up to develop a more effective pap test.  Having succeeded, the company is now public with a market capitalization of $2.2 billion.

OneLiberty Ventures (formerly Morgan, Holland Ventures, currently Flagship Ventures), Cambridge, MA, was a young venture capital firm with $98,000,000 under management targeting seed stage high technology start-ups.  It’s now a well established firm of $615,000,000.

CB Health Ventures, Boston, MA, was a $76,000,000 start-up venture capital firm targeting opportunities in health care services and products that dramatically lower cost and/or significantly improve efficacy or outcomes.  It now has $150,000,000 under management.

Sitara Networks, Inc., Waltham, MA, was a $250,000 start-up to develop data communications products for the Internet.  To date, the company has had follow-on financings totaling approximately $75,000,000.

Background Summary

Ms. Kochmann has been an integral part of the finance community in the Boston area for almost twenty-five consecutive years.  As a result she has a complete understanding of all aspects of the profession.  She is a goal-oriented individual who can be counted upon to get the job done properly.  She is a team player who successfully coordinates diverse people.

She founded her private practice in 1989.

She was the Controller of CardioData Corporation in Northboro, MA from 1985 to 1989.   They were the pioneer and premier manufacturer of Holter monitoring systems.

She was the first Controller and Director of Finance of Lotus Development Corporation in Cambridge, MA from 1982 to 1985.  They have been an industry leader and one of the most successful software firms in history.  They were acquired by IBM in 1995.

Other employers included Ionics, Inc., in Watertown, MA, the Massachusetts Institute of Technology in Cambridge, MA, and the University of the Pacific in San Francisco, CA.

She received her MBA in Computers and Information Systems with honors from Northeastern University in 1982, and her BS in Health Sciences from Boston University in 1974.

From 1997 to the present she has been active on the Board of Directors of METCO, Incorporated of Boston (the Metropolitan Council for Educational Opportunity) and their Treasurer since 2000.

From 1991-93 she was the Treasurer of the MIT Enterprise Forum of Cambridge, serving on their Executive Board and as Chair of the Finance Committee.