John Felts brings
more than 30 years of financial and accounting experience to Inova Payroll™.
His financial expertise spans multiple industries including payroll, restaurants,
light manufacturing, services, hospitality, financial institutions, and others.
John has provided consulting services and developed business plans to help companies
raise venture capital, secure bank financing, issue bonds, and assist in mergers
and acquisitions. In addition, he served on the board of directors of PayMaxx and
chaired their audit committee.
Most recently, John served as a consultant and advisor in the capacity of part-time
CFO and Director of Operations for several organizations. Prior to that, he spent
nine years as CFO with The Lipman Group, working on the start-up team for several
companies including two public companies, Rallys, Inc., (a fast food chain) and
National Medical Waste, Inc. Other companies he managed include Spats, Inc., a nine
unit full service restaurant chain, and Cottontree Farms, Inc., a master broker
and distributor of a proprietary line of premium muffins, where John was directly
involved in the development and testing of new products, packaging, administrative
and sales functions, and product placement negotiations.
John served as the CFO of Ajax Distributing Company, the local Anheuser Busch distributor
and was responsible for financial management, warehousing, logistics, inventory
and purchasing. He began his career as a CPA with Ernst and Young, working with
both public and private companies.