Expertise

Strategic planning
• Financial controls
• Cash flow management
• Accounting processes
• Financial Analysis
• Insurance and payroll system review

James McGehee is responsible for the Financial Services practice of RTS. He focuses on the creation and implementation of scalable non proprietary Financial and Information Technology systems that align with the client's specific needs. Through the use of industry best practices we optimize profitability.

Recent project work includes, serving as an interim CFO at Hamburger Hamlet and EL Gallo Giro. During his tenure with Hamburger Hamlet, there was a 100K reduction in G&A expenses with an additional 200K savings of store level expenses. As interim CFO at El Gallo Giro he orchestrated a 33% reduction in the accounting department through the integration of technology systems already in place.

James McGehee was the vice president of finance at The Ruby Restaurant Group, parent company of 38-unit 1940s themed Ruby's Diner chain. He was responsible for securing financing to fulfill the capital needs for the Ruby's Diner growth plan. During his tenure with the company, McGehee spearheaded the outsourcing of Ruby's accounting staff, realizing an annual savings of $250,000 for the company. He also implemented a fully automated, Web-based financial data warehouse, enabling the company's management to process and distribute daily, weekly and periodic financial reports.

Previously, McGehee worked with Pasta Pomodoro Inc., where he was responsible for the financial arm of the rapidly growing 21-unit Italian-themed chain. While with the company, he served as liaison between the board of directors and venture capitalists. McGehee was also responsible for integrating the company's systems including POS, sales, labor and purchasing, enabling the company to increase the number of new stores by 80 percent with no increase in incremental overhead.

Prior to that, McGehee served as vice president of finance for LT Acquisition Corp. for three years. There he was responsible for building relationships within the investment community to secure financing, while also evaluating real estate for new site selection and divestitures,. McGehee is credited with streamlining operations, which resulted in a 33 percent reduction of overhead costs. He was part of the management team initially hired to remove LT Acquisition Corp. from bankruptcy court in 1998.

McGehee's experience in the restaurant industry also includes two years with Una Mas Restaurants Inc. as controller, and three years as a senior financial analyst for Chevy's Mexican Restaurants.

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