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Nextage Ltd.
Nextage offers customized high quality financial services to businesses of all sizes specializing in high-tech and early stage companies. We guide our clients through the complex business world.Nextage offers individually tailored, high quality and financial services to businesses of all sizes, specialized on high technology and early stage Companies. We guide our clients through the complex business world. We specialize in financial and accounting issues, strategic planning and business structuring, budgeting and controlling environments and systems. By seamlessly integrating our knowledge into our clients businesses, we become a transparent but valuable resource. Our goal is to function as an extension of our clients finance, accounting, and management staff. We utilize our expertise to deliver accurate, complete, and timely projects. We focus on meeting our clients' goals in an efficient manner, while maintaining superb quality.Our executives are an experienced team of CFOs, controllers and managers with experience during the development, manufacturing to extension phases of early stage companies. They become an integral part of our clients teams, providing consistent and reliable involvement in all facets of the client company.Nextage guarantees world-class, state-of-the-art and up-to-date financial outsourcing and consultancy services, so that entrepreneurs and company executives can focus on business development, safe in the knowledge that their financial and accounting needs are being met in full.
Nextage offers customized high quality financial services to businesses of all sizes specializing in high-tech and early stage companies. We guide our clients through the complex business world.
Nextage offers individually tailored, high quality and financial services to businesses of all sizes, specialized on high technology and early stage Companies. We guide our clients through the complex business world. We specialize in financial and accounting issues, strategic planning and business structuring, budgeting and controlling environments and systems. By seamlessly integrating our knowledge into our clients businesses, we become a transparent but valuable resource. Our goal is to function as an extension of our clients finance, accounting, and management staff. We utilize our expertise to deliver accurate, complete, and timely projects. We focus on meeting our clients' goals in an efficient manner, while maintaining superb quality.
Our executives are an experienced team of CFOs, controllers and managers with experience during the development, manufacturing to extension phases of early stage companies. They become an integral part of our clients teams, providing consistent and reliable involvement in all facets of the client company.
Nextage guarantees world-class, state-of-the-art and up-to-date financial outsourcing and consultancy services, so that entrepreneurs and company executives can focus on business development, safe in the knowledge that their financial and accounting needs are being met in full.
Nextage Escrow Services Ltd.
Specializing in providing unique services to the high-tech industry including holding escrow, option valuation, tax lock, privateplacement/subscription, merger, acquisition, and software licensing.Nextage Escrow Services was founded by legal and financial experts with broad experience in providing escrow services to the high-tech industry. Our aim is to provide the most sound, secure and reliable escrow services. The Nextage advantages are price, professional service based on past performance and location. The Nextage fee structure is designed to suit a variety of setups, with competitive proposal. We will offer you exceptional account management utilizing the most advanced and complete Escrow services, tailored to your needs. Since we are located in Israel, Nextage offers Israeli companies unmatched accessibility. Why use Escrow Services?In a market filled with uncertainties, escrow agreements are an easily acceptable and versatile tool for assuring the safe, fair and efficient completion of a variety of transactions. An escrow agent will hold assets, invest funds, and oversee distribution of funds so conditions of an escrow agreement can be met.
Specializing in providing unique services to the high-tech industry including holding escrow, option valuation, tax lock, private
placement/subscription, merger, acquisition, and software licensing.
Nextage Escrow Services was founded by legal and financial experts with broad experience in providing escrow services to the high-tech industry. Our aim is to provide the most sound, secure and reliable escrow services.
The Nextage advantages are price, professional service based on past performance and location. The Nextage fee structure is designed to suit a variety of setups, with competitive proposal. We will offer you exceptional account management utilizing the most advanced and complete Escrow services, tailored to your needs. Since we are located in Israel, Nextage offers Israeli companies unmatched accessibility.
Why use Escrow Services?
In a market filled with uncertainties, escrow agreements are an easily acceptable and versatile tool for assuring the safe, fair and efficient completion of a variety of transactions. An escrow agent will hold assets, invest funds, and oversee distribution of funds so conditions of an escrow agreement can be met.
ABOUT US
Today, a company's finance division must forge a proactive, value-added partnership that supports decision-making throughout the company. The finance area must continually improve the entire corporation's efficiency. To do that, an integrated infrastructure must be developed.Decision makers in emerging and midsize companies demand faster access to key information to support business decisions, requiring a high-level of information that analyzes data from all areas of the company, including supply chain processes that are outside the finance organization.Nextage Ltd.s mission is to provide emerging and mid-size companies customized outsourcing and interim financial services. By providing the necessary corporate infrastructure until it becomes cost effective for companies to bring in the permanent staff,Nextage helps maximize the return on investment for early stage companies. Nextage specializes in providing temporary-CFO, Controller, budgeting, bookkeeping and salary preparation services for Israeli companies and local affiliates of multinational corporations. In addition, Nextage provides companies with escrow services and consulting related to debt and other financing alternatives.
Today, a company's finance division must forge a proactive, value-added partnership that supports decision-making throughout the company. The finance area must continually improve the entire corporation's efficiency. To do that, an integrated infrastructure must be developed.
Decision makers in emerging and midsize companies demand faster access to key information to support business decisions, requiring a high-level of information that analyzes data from all areas of the company, including supply chain processes that are outside the finance organization.
Nextage Ltd.s mission is to provide emerging and mid-size companies customized outsourcing and interim financial services. By providing the necessary corporate infrastructure until it becomes cost effective for companies to bring in the permanent staff,
Nextage helps maximize the return on investment for early stage companies. Nextage specializes in providing temporary-CFO, Controller, budgeting, bookkeeping and salary preparation services for Israeli companies and local affiliates of multinational corporations. In addition, Nextage provides companies with escrow services and consulting related to debt and other financing alternatives.
SERVICES
Bookkeeping and wages -
• Computerized tracking of all incoming invoices.• Ongoing bank and credit-card reconciliations, Odfot treatment.• One time adjustment of trial balances to support internal reporting mechanism, and future growth.• Check preparation.• Preparation of salary slips at the end of the each month.• Customer support regarding payroll.• Payment processing: income tax, social security, insurance, Keren Hishtalmut", etc.• Handling ongoing matters vis-à-vis various authorities.• Annual totals.
• Computerized tracking of all incoming invoices.
• Ongoing bank and credit-card reconciliations, Odfot treatment.
• One time adjustment of trial balances to support internal reporting mechanism,
and future growth.
• Check preparation.
• Preparation of salary slips at the end of the each month.
• Customer support regarding payroll.
• Payment processing: income tax, social security, insurance, Keren Hishtalmut", etc.
• Handling ongoing matters vis-à-vis various authorities.
• Annual totals.
Controller services
• Assistance with the construction and implementation of reports to management and shareholders;• Monthly reporting P&L, Balance Sheet and Cashflow analysis;• Preparation of board packages;• OCS reports• Board presentations
• Assistance with the construction and implementation of reports to management and
shareholders;
• Monthly reporting P&L, Balance Sheet and Cashflow analysis;
• Preparation of board packages;
• OCS reports
• Board presentations
CFO on-demand services
• Establishment of best practices for finance related processes (including complex sales cycles, purchasing, payment, travel, employee guidelines, etc.).• Establishment and maintenance of the company budget.• Setting monthly close and reporting package, including Board report;• Participate in Board meetings and relevant committees;• ESOP maintenance;• Preparing employee personnell files, including benefit plans, ESOP policy, salespeople commissions;• Examination of Government grant opportunities: Chief Scientist Office, approved enterprise, BIRD Foundation, others;• Ongoing meetings with the Company CEO for knowledge & experience sharing;• Maintenance of insurance coverage (office, D&O, liability).• Participation in process of decision making regarding internal accounting/billing system.• Set up and maintenance of long term contracts, bank accounts, employment contracts, lease contracts (including negotiations);• Managing the due-diligence process;• Set up of the compensation incentive plan;• Set up of foreign offices (including finance, legal, banks, etc.).
• Establishment of best practices for finance related processes (including complex
sales cycles, purchasing, payment, travel, employee guidelines, etc.).
• Establishment and maintenance of the company budget.
• Setting monthly close and reporting package, including Board report;
• Participate in Board meetings and relevant committees;
• ESOP maintenance;
• Preparing employee personnell files, including benefit plans, ESOP policy,
salespeople commissions;
• Examination of Government grant opportunities: Chief Scientist Office, approved
enterprise, BIRD Foundation, others;
• Ongoing meetings with the Company CEO for knowledge & experience sharing;
• Maintenance of insurance coverage (office, D&O, liability).
• Participation in process of decision making regarding internal accounting/billing
system.
• Set up and maintenance of long term contracts, bank accounts, employment
contracts, lease contracts (including negotiations);
• Managing the due-diligence process;
• Set up of the compensation incentive plan;
• Set up of foreign offices (including finance, legal, banks, etc.).
Venture Debt
$68M is the actual cash withdraw by our customers in 21 transactions (update as of March 2010).Nextage support the entire process of venture lending fund raising, from prering the company's financial presentations, through introduction and manating the transaction - receiving proposals and term sheets, negotiation and until the closing of transactions.
$68M is the actual cash withdraw by our customers in 21 transactions (update as of March 2010).
Nextage support the entire process of venture lending fund raising, from prering the company's financial presentations, through introduction and manating the transaction - receiving proposals and term sheets, negotiation and until the closing of transactions.
Escrow Services
• Treasury and Trust Services
• Trust services for ESOP;
• Quarterly and yearly reporting to tax authorities re: ESOP (forms 146, 156);
• Trust service for shares;
TEAM
Nextages team of professionals has extensive experience supporting entrepreneurs and company executives, enabling them to focus on building their business by knowing that the back office is running smoothly and efficiently.Key Executives:Ofer Katz CPA (Israel) - Mr. Katz has extensive experience in Acquisitions, Fund Raising, Accounting / Taxation, International and consultancy. Prior to founding Nextage, Ofer worked at PwC (Israel), involved in audit of private and public companies and managing the Emerging Companies Services department (investment banking, Due Diligence, Survey. Under the role of CFO at Nextage, Ofer act as Controller and CFO of several high-tech companies, including Jajah inc. (acquired by Telephonica/O2, Jan. 2010), Bitband Technologies inc. (acquired by Motorola, Dec. 2009) and Kontera Technologies Inc., a leading in text web-advertising company. Ofer has an extensive experience leading financial departments from very early stage to acquisition, forecasting and budgeting, monitoring and financing, investors relation and management of complex tax planning and implementing of financial procedures.Gili Iohan CPA (Israel) - Before joining Nextage, Ms. Iohan served for three years as a senior financial manager at M-Systems Flash Disk Pioneers Ltd. (Nasdaq: FLSH) US subsidiary M-Systems Inc., based in the Silicon Valley. Gili has a B.A. in accounting and economics from Tel Aviv University and extensive experience in building budgets, forecasts, internal financial procedures and establishing financial controls for enterprises.Itzik Lev CPA (Israel) - Mr. Lev Has extensive experience in international finance and business operations. Prior to his duties Nextage, he was the CFO at Octavian Inc.and before that the Financial Director at Business Layers, Itzik was an Audit Manager at KPMG Somekh Chaikin, where he specialized in the auditing of high-tech companies. He holds a BA in Business Administration, with a major in accounting,and an MBA from Tel Aviv Business College.
Nextages team of professionals has extensive experience supporting entrepreneurs and company executives, enabling them to focus on building their business by knowing that the back office is running smoothly and efficiently.
Key Executives:
Ofer Katz CPA (Israel) - Mr. Katz has extensive experience in Acquisitions, Fund Raising, Accounting / Taxation, International and consultancy. Prior to founding Nextage, Ofer worked at PwC (Israel), involved in audit of private and public companies and managing the Emerging Companies Services department (investment banking, Due Diligence, Survey. Under the role of CFO at Nextage, Ofer act as Controller and CFO of several high-tech companies, including Jajah inc. (acquired by Telephonica/O2, Jan. 2010), Bitband Technologies inc. (acquired by Motorola, Dec. 2009) and Kontera Technologies Inc., a leading in text web-advertising company. Ofer has an extensive experience leading financial departments from very early stage to acquisition, forecasting and budgeting, monitoring and financing, investors relation and management of complex tax planning and implementing of financial procedures.
Gili Iohan CPA (Israel) - Before joining Nextage, Ms. Iohan served for three years as a senior financial manager at M-Systems Flash Disk Pioneers Ltd. (Nasdaq: FLSH) US subsidiary M-Systems Inc., based in the Silicon Valley. Gili has a B.A. in accounting and economics from Tel Aviv University and extensive experience in building budgets, forecasts, internal financial procedures and establishing financial controls for enterprises.
Itzik Lev CPA (Israel) - Mr. Lev Has extensive experience in international finance and business operations. Prior to his duties Nextage, he was the CFO at Octavian Inc.
and before that the Financial Director at Business Layers, Itzik was an Audit Manager at KPMG Somekh Chaikin, where he specialized in the auditing of high-tech companies. He holds a BA in Business Administration, with a major in accounting,
and an MBA from Tel Aviv Business College.
CAREERS
Nextage is always looking to recruit new employees.The quality, integrity and commitment of our employees have been key factors in our growth. By hiring the best people, and helping them grow both professionally and personally, we ensure a bright future for both Nextage and our clients.
Nextage is always looking to recruit new employees.
The quality, integrity and commitment of our employees have been key factors in our growth. By hiring the best people, and helping them grow both professionally and personally, we ensure a bright future for both Nextage and our clients.
Current Job Openings
CFOEssential Experience:• 4+ years of related experience with at least 2 years in a supervisory capacity, technologies companies• Solid understanding of GAAP• Experience working for a high-tech company AND Big Four• Bachelors degree in Accounting/Finance (CPA)• Experiencing working for a company within Venture Capital environment;Essential Skills: • Ability to develop strong working relationships with Customers, staff, management, and business partners.• Service provider oriented;• Excellent written/verbal communication (Hebrew & English), multitasking, analytical and problem-solving skills• Professional experience with Microsoft Outlook, Word, Excel, Quickbooks (knowledge with Priority is consider advantage)• Must be self-motivated, hard working, dependable, and detail-oriented with excellent written and verbal commun.ControllerResponsibilities:• Manage month-end close processes and annual fiscal audit.• Oversee standard monthly/quarterly reporting packages for senior management and the Board of Directors.• Maintain and evolve the financial/analytical models used to forecast operating results, including P&L, Balance Sheet, and Cash Flow statements.• Develop and manage internal control, policies, process and procedures.• Special Financial reporting and analysis.Required Skills & Experience:• Big 4 experience with CPA certification is required.• Excellent communicator, interpersonal skills, ability to work with other staff members.• Able to multi-task effectively.• Excellent computer and spreadsheet skills.Bookkeeper Responsibilities include:• Full time bookkeeping• AR/AP Managing: invoicing, statements for customers/accounts/Communicate with Customer/vendor• Monthly closing capabilities (including full bank reconciliation, proper cut off, accuracy).• Payroll admin.Qualifications:• Independent.• Excellent proficiency in QuickBooks and Excel• Quick and accurate order entry skills• Computer technical skills along with office machine savvy• Outstanding communication skills, oral and written• Self-motivator with proactive and positive attitude a must!• Strong organizational skills, time management and follow-through• Results and detail oriented• Team player and motivated• Able to multi-task and work independently
CFO
Essential Experience:
• 4+ years of related experience with at least 2 years in a supervisory capacity,
technologies companies
• Solid understanding of GAAP
• Experience working for a high-tech company AND Big Four
• Bachelors degree in Accounting/Finance (CPA)
• Experiencing working for a company within Venture Capital environment;
Essential Skills:
• Ability to develop strong working relationships with Customers, staff, management,
and business partners.
• Service provider oriented;
• Excellent written/verbal communication (Hebrew & English), multitasking, analytical
and problem-solving skills
• Professional experience with Microsoft Outlook, Word, Excel, Quickbooks
(knowledge with Priority is consider advantage)
• Must be self-motivated, hard working, dependable, and detail-oriented with excellent
written and verbal commun.
Controller
Responsibilities:
• Manage month-end close processes and annual fiscal audit.
• Oversee standard monthly/quarterly reporting packages for senior management and
the Board of Directors.
• Maintain and evolve the financial/analytical models used to forecast operating
results, including P&L, Balance Sheet, and Cash Flow statements.
• Develop and manage internal control, policies, process and procedures.
• Special Financial reporting and analysis.
Required Skills & Experience:
• Big 4 experience with CPA certification is required.
• Excellent communicator, interpersonal skills, ability to work with other staff
members.
• Able to multi-task effectively.
• Excellent computer and spreadsheet skills.
Bookkeeper
Responsibilities include:
• Full time bookkeeping
• AR/AP Managing: invoicing, statements for customers/accounts/Communicate with
Customer/vendor
• Monthly closing capabilities (including full bank reconciliation, proper cut off,
accuracy).
• Payroll admin.
Qualifications:
• Independent.
• Excellent proficiency in QuickBooks and Excel
• Quick and accurate order entry skills
• Computer technical skills along with office machine savvy
• Outstanding communication skills, oral and written
• Self-motivator with proactive and positive attitude a must!
• Strong organizational skills, time management and follow-through
• Results and detail oriented
• Team player and motivated
• Able to multi-task and work independently
Global
Connection
Global ConnectionAs a member of NIS , an alliance of independant audit and accounting companies, we ensure international groups a customized and efficient service always offered by local specialists.http://www.nortonsgroup.com/nortons/international/
Global Connection
As a member of NIS , an alliance of independant audit and accounting companies, we ensure international groups a customized and efficient service always offered by local specialists.
http://www.nortonsgroup.com/nortons/international/
Next Event
Practical financial aspects of doing business in Europe.
for early stage companies operating in Europe, directly and indirectly e-commerce (B2B and B2C).
Please join us for an in-depth discussion regarding important practical financial issues facing Israeli (and Israeli related) companies operating in the Europe. We will provide practical tips on sound European VAT risk involved, Corp. tax considerations and case studies on the risk of getting it wrong.
Topics to be included:
•Corp. tax (rates, withholdings, PE)
•Local taxes (VAT, custom)
•Employment law (employer costs, required & common benefits, termination)
•HR (sub contracting, payroll agencies, branch and ESOP scheme)
•Reporting requirements (audit, VAT, ESOP, other annual filling, currencies and language)
•Business environment (incorporation and registrations, license to do business, insurance, credit risk practice)
•Incentives (reduce tax rates, government support, etc.)
Presenters
Nextage: Ofer Katz, Partner
Gili Iohan, Partner
Nortons: Pete Doyle, Partner
Carmen Oliver, VP Human Resources
FIDEOS: Geraldin Schmit, Partner
Olivier Remacle, Partner
Atoz: Laurent Grencom, Partner
date to be determine
I
Practical financial aspects of doing business in Europe
for early stage companies operating in Europe, directly and indirectly e-commerce (B2B and B2C)
•Business environment (incorporation and registrations, license to do business, insurance, credit risk practice, etc.)
________________________________________
Tuesday, April 27th, 2010
Registration/Breakfast - 8:30 a.m. - 9:00 a.m.
Program - 9:00 a.m. - 12:00 a.m.
Location:
Herzelia - TBD
CONTACT
26 Zarchin StreetRaanana, 43662IsraelTel: (+972) 9 744 2274Fax: (+972) 9 7401236
26 Zarchin Street
Raanana, 43662
Israel
Tel: (+972) 9 744 2274
Fax: (+972) 9 7401236
Contact Form
