Don Waugh serves as the CFO/COO for Alphanumeric Systems, a Raleigh-based technology solutions provider that has served the Southeast for more than 25 years. He joined the Alphanumeric management team in the winter of 2004 assuming responsibility for both financial management and daily operations of the organization. With a goal to help manage and grow Alphanumeric Systems, he is responsible for capturing, maintaining and reporting financial data, combining that information with operating practices, and analyzing areas where the company can make changes that affect profitability, productivity, and efficiency.

Considered a key player in the areas of financial analysis and policy development, Waugh’s 30-year background in financial management includes executive-level positions with both commercial and public sector organizations. Don came to Alphanumeric after retiring from a 30-year career with the State of North Carolina where he helped manage state finances for the past two decades. He most recently directed the Office of the State Controller Financial Systems Division responsible for the design, development, implementation and maintenance of the policies, procedures and software that form the North Carolina Accounting System (NCAS) infrastructure. In addition to this role, Don also spent the last two years as project manager for the State Business Infrastructure Program mandated by the North Carolina General Assembly to determine the feasibility of developing and implementing a new financial business infrastructure for the state. As project manager, he engaged consulting firms utilizing competitive bid processes to complete an initial study, provide alternative solutions and begin an enterprise Human Resource/Payroll system requirements documentation project.

From 1989 until 2003, Don directed the Statewide Accounting Division of the State Controller’s Office responsible for the day-to-day control of agencies operating within the NCAS environment to ensure that all financial transactions were entered, balanced, and reconciled. The division also researched technical accounting standards and incorporated those standards into financial reporting on the State entity to provide daily, monthly, quarterly, and annual reporting on the financial condition and results of operations for the States’ $35 billion business. Additional responsibility involved the administration of the statewide cash management program, operation of a central payroll system, an ecommerce common payment service, a flexible benefit program, federal and state tax compliance, statewide cost allocation and disbursing services to small agencies.

While with the State of North Carolina Don also:

• Actively participated in the legislative liaison process for over ten years, providing annual reports and various special reports to numerous committees
• Directed staff responsible for a statewide implementation of Governmental Accounting Standards Board Statement No. 34 involving new reporting requirements for more than 200 state entities
• Served as project manager for the statewide Electronic Payments Acceptance Project establishing the state’s enterprise-wide Common Payment System
• Served as co-project manager responsible for the statewide implementation of the current NCAS
• Served as co-project manager for the State’s initial generally accepted accounting principles implementation resulting in the State’s first Comprehensive Annual Financial Report (CAFR)
• Additional state experience included a management analyst position, an agency controller position, a computer consultant position, a systems accountant manager position

Don came to State government in 1975 from Burlington Industries where he was employed as a financial analyst. He is a Graduate of Elon College (now Elon University) with a major in accounting. Don served in the US Army 1966-1970, receiving his commission from the Field Artillery Officer Candidate School. He completed his military duty as a Field Artillery Captain serving in Vietnam in 1969 and 1970.

Mr. Waugh is a member of the National Association of State Auditors, Controllers, and Treasurers (NASACT), the National Association of State Controllers, and the Government Finance Officers Association. He also served on the Internal Revenue Service’s Advisory Committee on Tax Exempt and Governmental Entities and the State Employees Combined Campaign Committee, for which he chaired the Finance Committee for the past five years.