Alan Stewart was instrumental in Peraton’s 2020 growth — despite the overall economic impacts of the COVID-19 pandemic. Stewart and his team contributed significantly to the company’s success by creating a number of new processes focused on financial performance. Those include a reduction in days sales outstanding, improved cashflow, developing a project workspace analytics dashboard application, reengineering the process of producing quarterly forecasts, and developing an enterprise-level financial consolidation model.
Stewart and his team also successfully migrated the accounting system of Solers, which Peraton acquired in 2019.
Stewart worked to change Peraton’s cost and rate structure to further increase the company’s competitiveness. The finance team also automated several accounting functions, such as AP and billing workflow, and enhanced productivity metrics.
Additionally, Stewart also implemented a new indirect rate structure. By instating more efficient and timely processing, Stewart’s efforts helped Peraton to better support its customers and missions of consequence.
Stewart’s main focus for 2021 will be completing the $3.4 billion acquisition of Northrop Grumman’s integrated Mission Support and IT Solutions business. As part of this large and complex integration, his team is responsible for coordinating payroll, billing, reporting and other accounting systems.
Stewart and his team have their sights set on not only a successful integration, but supporting the future growth of the combined company as well. He plans to continue to enhance metrics, improve processes and increase financial performance for Peraton.