Chris Vanacore
About Chris Vanacore
Chris Vanacore serves as the Controller at Ithaka, where he has worked since 2010. He has extensive experience in finance and accounting, having held various leadership roles at companies such as Dun & Bradstreet and Global Document Solutions.
Work at ITHAKA
Chris Vanacore has served as Controller at ITHAKA since 2010. In this role, he has been instrumental in leading various financial initiatives. He has managed the financial integration of Artstor Inc. and Reveal Digital into the organization. Additionally, he is currently implementing Zero Based Budgeting for the 2020 operating plan. His responsibilities also include co-managing a $185 million investment portfolio and overseeing financial strategies that support the organization’s objectives.
Previous Experience
Prior to his tenure at ITHAKA, Chris Vanacore held significant positions at Dun & Bradstreet. He worked as Director of Global Technology Finance from 1998 to 2002 and as Director of Finance & Administration from 1987 to 1998. He also served as Corporate Controller at Global Document Solutions for one year in 2006-2007. His diverse experience in financial management spans over two decades, contributing to his expertise in the field.
Education and Expertise
Chris Vanacore earned an MBA in Finance & Accounting from Hofstra University. He also holds a Bachelor of Arts degree in Liberal Arts from Penn State University. His educational background provides a strong foundation for his extensive experience in financial management and strategic planning.
Achievements in Financial Management
Throughout his career, Chris Vanacore has achieved notable improvements in financial processes. He reduced the monthly closing process duration by 35% and improved Days Sales Outstanding (DSO) by 23%. He implemented Activity Based Costing to enhance product line profitability insights and supported better business management decisions at a $100 million digital content organization. His efforts in managing the migration of IT infrastructure to AWS cloud resulted in significant cost savings.
Financial Strategy and Implementation
Chris Vanacore has played a key role in several strategic financial implementations. He co-implemented a digital product fulfillment system, Klopotek, and upgraded accounting and CRM systems, MS AX Dynamics and Sugar, respectively. He also negotiated an uncollateralized multi-million dollar term loan and revolving credit facility tailored to the organization's needs. His management of the establishment of an international subsidiary included overseeing statutory and global tax compliance.