David Borgel

I use my Credit Management experience to reduce all the financial business Risks between the franchises and the franchisor.

I manage the Franchise financial analysts, credit collection, litigation, invoice and légal Departments.

I animate the Risk Comitee with the executive board and I am in charge of the action plan.

I follow the law risks with the Franchise lawers.

I present the financials KPI at the local franchises meetings

I am Director of the Working Capital project (Sidetrade.com) to reduce bad debt.

I manage the Electronic Invocing project - between suppliers and franchises (Deskom.com)

I put in place the partnership with a broker specializing in the financing of new franchises (creditrelax.com)

Redefinition of the method of calculating write down (bad debt)
Redefinition of the risks mapping.

Awareness of the culture of predicting the failure of franchisees

Animate the workshops with the accounting firm of the franchises (Inextenso.fr).

Midas was created in 1956 in the town of Macon, Georgia (USA). In 2006 : Midas Europe = 8 countries : France, Spain, Belgium, Italy, Austria, Poland, Portugal, Morocco, Brazil. 630 shops. 85% are franchised. + 315 million euros in retail sales (excluding VAT), + 2 million customers, + 3 million repairs , 838 employees (excluding franchisees). Midas Worldwide: 18 countries, 2700 shops, 11 master franchises.
Keys to the company’s success : appointment-free service, speed of execution and price transparency, provided for all vehicles, irrespective of make.

I am in charge of the profitability of all the franchise shops to prevent financial difficulties and reduce bad debt.
Set up Electronic Invocing project and put in place the Working Capital project.
Responsibile of the monthly financial franchise reporting.
I manage the financial analysts, credit collection, litigation and invoice Departments.

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10 year experience optimizing the control of Working Capital by financial analyses of probability of short-term default and by managing the credit collection team. Implementation of processes to improve cash flow and reduce receivables and write-offs.

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In November 1994, when I was contacted for a temporary assignment at the accounts receivables and credit collection department at Bayer Pharma, I decided to stop the DESS “start up companies diploma” at University of Paris XII, to join the team of an international company.

One year later, I was Credit Manager Junior and in 1996, and won the 1st place fellowship of Association of French Credit Managers & Consultants, in 1996.

Now, I run analyses of probability of short-term default on our subsidiaries customers in different sectors (car manufacturing, textiles, pharmacy, paper, large-scale distribution, cosmetics, chemistry …) and manage the credit collection team.

Web : www.linkedin.com/in/creditmanager