September 13, 2016

OneSource Virtual appoints new chief financial officer

Dallas, TX - Sept. 13, 2016 - OneSource Virtual (OSV), ), a leading Business Process as a Service (BPaaS) and professional services provider, today announced the appointment of John D. Bax as its new chief financial officer (CFO), effective September 6, 2016. Bax brings with him more than 20 years of executive leadership in finance and operations with an extensive background in corporate finance, investor relations, financial planning, strategic planning and risk management.

A long time CFO of private equity and venture capital backed technology businesses, Bax has scaled three separate startups to over $1 billion in annual revenues, raised over $3 billion in capital in the private markets, consummated over 40 M&A transactions, and managed finance and accounting teams from 6 to 300. He also served as VP planning & analysis for Wal-Mart Stores, where he was responsible for strategic planning at the world’s largest company, and has deep professional services experience as well with Ernst & Young. Bax earned his bachelor’s and master’s degrees from Oklahoma State University.

“We are thrilled to welcome John to OneSource Virtual as chief financial officer”, says Trey Campbell, president and chief operating officer of OneSource Virtual. “His depth of knowledge and wealth of experience will be a significant asset to the company, and will allow us to continue our rapid growth with discipline and calculated positioning to meet our goals going forward.”

Commenting on his appointment, Bax said, “I am excited to enter this journey with OneSource Virtual. OSV has been a leader in its industry since inception, disrupting the outsourcing market with a technology-enabled model. OneSource Virtual has changed the way HR and Finance and Accounting Outsourcing services are delivered, making it a very exciting time to join the team, and I am committed to OSV’s continued positive growth and trajectory.”

Bax succeeds OSV’s current CFO Melinda Lawrence, who recently made the decision to resign in order to pursue other opportunities.

“Melinda has been an outstanding professional in helping us build our Finance and Accounting team,” says Brian Williams, CEO of OneSource Virtual. “We are extremely grateful to Melinda for her dedication to OSV’s success, values and people.”

About OneSource Virtual

OneSource Virtual exists to help Workday customers thrive by boosting their capacity for growth through co-sourced HR and Finance and Accounting. Working across industries in North America and EMEA, OneSource Virtual’s teams offer their expertise and deep knowledge of Workday to deliver comprehensive solutions and services to over 850 BPaaS customers. OSV is proud to have been awarded numerous accolades and maintains a 98% customer retention rate.

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