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

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 »
Merushka Chetty

Angela Satterfield-Sexton – How to Win Government Grants: A CFO’s Survival Guide

In this episode, James Kennedy sits down with Angela Satterfield-Sexton from Burkland to unpack fund accounting and why it matters even if you’re not a nonprofit. Angela breaks down how grant funding really works (pre-award → mid-award → post-award), what causes the most compliance pain, and how the right systems (and habits) can keep your funding safe, your reporting clean, and your team sane.

From time tracking and class coding to receipts, audits, and spend deadlines, this episode is a practical guide for founders, finance leaders and grant-funded operators who want to stay compliant and move fast.

Listen Now »
Merushka Chetty

Luca Aversa – Beyond Budgeting: Italian CFO’s Method

In this episode, James Kennedy sits down with Luca Aversa, corporate finance advisor and fractional CFO based in Northern Italy, to explore why banking relationships, timing, and disciplined financial strategy can be a true superpower for growing businesses. From Luca’s early career inside major Italian banks to advising SMEs across manufacturing, construction, real estate, and distribution, this episode dives into how founders can secure funding, choose the right financial partners, and move beyond rigid budgeting toward more adaptive, strategic finance models.

Drawing parallels between karate and CFO decision-making, Luca explains why timing matters more than force, how scenario planning builds lender confidence, and why concepts like Beyond Budgeting, North Star metrics, and OKRs are reshaping modern finance leadership.

Listen Now »