ProcurementExpress.com Logo
Start Free Trial
ProcurementExpress.com Logo
Book a Demo
June 6, 2024

The Dark Side of Debt with Eric Neumann

On this episode of the Gross Profit Podcast, James Kennedy sits down with Eric Neumann, Fractional CFO at New Life CFO Services. They discuss the challenges and complexities of dealing with distressed debt and the critical role a CFO plays in navigating these turbulent financial waters.
Download File
Play in new window
  • 45 mins
  • 2024-06-06
Subscribe on

Show Notes

In this episode of the Gross Profit Podcast James meets Eric Neumann, Fractional CFO at New Life CFO Services. They discuss the challenges and complexities of dealing with distressed debt and the critical role a CFO plays in navigating these turbulent financial waters.

About Eric Neumann: Eric Neumann has over 30 years of experience as a CFO, with a rich background in leading M&A transactions, restructuring debt, and improving cash flow. At New Life CFO Services, he specializes in providing financial leadership in turnaround situations and for companies engaging in mergers and acquisitions. Eric’s career highlights include taking a radio company public and negotiating deals that significantly enhanced shareholder value. He is known for his strategic initiatives that uncover hidden value in organizations, ranging from startups to Fortune 1000 companies.

What You’ll Learn:

  1. The Perils of Distressed Debt: How companies become targets of distressed debt funds and the consequences of not meeting financial covenants.
  2. CFO’s Role in Turnaround Situations: Eric discusses his approach to restructuring a company’s cost, performance, and capital structure during financial crises.
  3. Strategic Financial Leadership: The importance of robust financial guidance in M&A scenarios and how CFOs can drive company recovery and growth.

Episode Highlights:

  • “Eric, can you share more about the typical scenarios where a company might find itself dealing with distressed debt?”
  • “What strategies have proven effective in your experience for companies trying to navigate through financial distress?”
  • “Given your extensive background, what are some common pitfalls companies face during restructuring and how can they be avoided?”
  • “How does your role at New Life CFO leverage your expertise in both stabilizing companies and preparing them for healthy exits or new phases of growth?”

Beyond Financial Management, Eric is passionate about creating sustainable value and addressing complex financial challenges with innovative solutions. His approach is grounded in a philosophy that emphasizes courage, innovation, performance, and passion—a framework that has guided his decisions and leadership style throughout his career.

This podcast is tagged under:

The Gross Profit Podcast

More Episodes

Merushka Chetty

Lindsay Webber – What Makes Someone Perfect for Audit Work?

In this episode, James Kennedy sits down with Lindsay Webber (Omnipro) to unpack what modern audit really looks like – why it matters far beyond “ticking boxes,” and how audits help organisations (especially those handling public, donor, or regulated funds) prove compliance, protect reputation, and avoid nasty surprises. Lindsay shares her unusual “almost adopted by Pauly Shore” story from a small-town South African hardware store, her rapid rise to Senior Lecturer at Rhodes University at 24, and what she’s seeing now in the world of audit, regulation, and CPD for accountants.

Listen Now »
Merushka Chetty

Stephen Newland – Travel, Debt Freedom & Building a Fractional CFO Business

In this episode, James Kennedy sits down with Stephen Newland, founder of Money Path, to unpack what it really takes to keep a nonprofit financially healthy as it grows. They cover Stephen’s unusual early-career work at Delta Air Lines, what he learned running a financial education program at a large church, and why money is never “just numbers on a spreadsheet.” From cashflow forecasting to grant reporting to board-ready financial clarity, this episode is a practical guide for nonprofit leaders who want better control without burning out.

Listen Now »
Merushka Chetty

Anna Tiomina – AI Finance Revolution: How CFOs Are Saving 75% of Their Time

In this episode, James Kennedy sits down with Anna Tiomina (Blend to Balance) a former CFO who turned a career curveball into a new mission: helping finance teams adopt AI responsibly and effectively. They unpack how AI is already changing finance work (reporting, commentary, document review, and more), why finance leaders shouldn’t wait for the tech to “mature,” and how to keep human controls in place so speed doesn’t come at the cost of accuracy.

Listen Now »