The financial expert was most recently CFO of the PROCAD Group, a B2B software manufacturer for platform solutions in product/document lifecycle management and Configure, Price, Quote, where he was responsible for several postmerger integrations, among other things. Previously, Tilo Schmalz managed a broad portfolio of investments from start-ups to buyouts with a turnover in the threedigit million euro range at the investment and venture capital firm LEA Partners until 2021. Here, he supported Onventis in increasing its turnover fivefold until 2019. Before moving to the investor side, Schmalz held various international and national roles in the IT industry’s strategy, sales and marketing at Compaq Computer EMEA, Citrix EMEA, and the hightech system house Kayser-Threde.

"As a new member of the firm’s management board, responsible for financial matters, I will play an active role in shaping the growth of the SaaS business model for global SMEs. I look forward to becoming part of the Onventis success story and helping shape it. Together, we will tap further organic and inorganic growth potential in the market for source-to-pay solutions," says the recently appointed Onventis CFO Tilo Schmalz about his role.

"Tilo Schmalz’s CFO profile with far-reaching strategic-conceptual strengths and a holistic understanding of our business activities and financial operations fits perfectly with Onventis’ international focus and growth strategy. His extensive transaction experience and his venture capital and private equity background make him the ideal candidate for the position of CFO. With Tilo Schmalz, we are very pleased to take the finance function at Onventis to the next level and to drive growth-enhancing initiatives within the group," adds Onventis CEO Frank Schmidt.

As part of the next growth phase, the focus will be on the internationalization of financial processes and systems and the further development of the group’s overall financial strategy and orientation.

"Tilo Schmalz’s CFO profile with far-reaching strategic-conceptual strengths and a holistic understanding of our business activities and financial operations fits perfectly with Onventis’ international focus and growth strategy. His extensive transaction experience and his venture capital and private equity background make him the ideal candidate for the position of CFO. With Tilo Schmalz, we are very pleased to take the finance function at Onventis to the next level and to drive growth-enhancing initiatives within the group," adds Onventis CEO Frank Schmidt.