HOLLAND, Ohio , Oct. 8, 2024 /PRNewswire/ — Velocity, a managed solutions company, a voice and data networking and connectivity technology solutions and services provider for multi-location enterprises across multiple industries, announces the appointment of Chief Financial Officer Announces Betty. Mr. Ong has been named one of the Top 25 Technology CFOs of 2024 by Top CFOs magazine. This prestigious award recognizes technology CFOs who have demonstrated outstanding leadership in driving financial strategy, securing capital for innovation, and optimizing resource allocation to support the growth of the technology industry.
Betty Ong, CFO, Velocity
This year’s award recognizes Betty as one of an elite group of CFOs from industry giants such as Amazon, Meta, Cisco, and Uber for her significant career accomplishments and contributions to the technology industry. Betty’s strategic leadership, hands-on approach and successful development of finance teams over more than 20 years in the technology, financial services and telecommunications sectors have contributed to Velocity’s accelerated growth and market position.
Since joining the company in 2021, Betty has spearheaded major financial process transformations to significantly improve the quality and speed of GAAP financial statement preparation. Additionally, her strategic oversight successfully implemented a new ERP system, streamlined operations, and positioned Velocity for long-term scalability and success. Ong’s leadership continues to drive operational excellence and financial efficiency, making him an integral part of Velocity’s growth.
“Betty has not only strengthened Velocity’s finance and accounting operations while building a strong team of professionals, but also a dynamic team dedicated to continuous improvement,” said Vice President and General Counsel of Velocity. said Jim Rothschild, Data Privacy Officer. “Her leadership has helped drive efficiencies in critical areas such as accounts payable, accounts receivable and cash management, and her vision continues to propel our finance department, and our company, toward further success.”
Betty provides critical financial insight in guiding Velocity through the complexities of the telecommunications industry, with a focus on data integrity, financial analysis, and long-term growth. Her vision ensures the company remains competitive and thrives in an ever-evolving market.
Mark Walker, President and Chief Operating Officer of Velocity, said: “Her vision to drive efficiency and effectiveness is key to our growth, and her ability to run a founder-led company while guiding it toward future expansion will be invaluable.”
Prior to joining Velocity in 2021, Betty held leadership positions at Unacast, H1, Shore Group Associates, and Thomson Reuters. She brings over 20 years of diverse experience from start-ups to public companies to Velocity, uniquely positioned to drive growth strategies and adapt to market changes with agility.
Betty expressed her appreciation for this recognition and emphasized her confidence in Velocity’s communications and IT solutions. She said, “I truly believe in the effectiveness of our end-to-end communications and IT solutions.The launch of our Global Expense Management (GEM) platform and Telecom Expense Management (TEMS) is a key enabler for our clients. It helps streamline and improve costs.” With GEM’s automation and cost allocation capabilities and TEM’s focus on optimizing telecom spend, businesses can gain greater visibility and control over their resources and stay competitive in a rapidly changing digital world. Masu. ”
About Velocity MSC
Velocity is a voice, data, connectivity, networking, and global communications expense management technology solutions and services provider for multi-location enterprises across multiple industries. Velocity has a national network of field technicians, project managers, and software developers, and comprehensive support through U.S.-based 24/7 technical support, warehouses, inventory, repair locations, and supply chains. A single source partner dedicated to delivering. and logistics services. Velocity continuously monitors your technology environment, enabling faster response and reducing downtime. Founded in 2005, Velocity is a CLEC licensed to operate in all 50 states. We have more than 600 employees, 21 redundant data centers, 450 carrier contracts, and 5,500 certified technicians across the United States. For more information, please visit https://velocitymsc.com/history/.
SOURCE Velocity, a managed solutions company
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