Mr Devang Bhatt Email & Phone Number

Mumbai, Mh, In

Mumbai, Maharashtra, India

● Streamlined core processes (R2R, O2C, P2P) through Shared Service initiatives for a team of 5 Financial Controllers● Financial excellence in terms of Working Capital Management and Reporting, Flash Sales Report (MD)● Review and utilise weekly, monthly, quarterly Reports - Working capital reduction up to half by optimizing supplychain life cycle and customer credit period resulting in borrowing cost savings● FP&A – Budgeting, Forecasting, Review of variances with Actuals,● MIS reporting and consolidation, BCM reporting, intercompany reconciliations● Led accounts team, MIS Team, Consolidation Team for 4 Major Regions across 4 entities in Matrix structure● Compliances of TDS, GST, MSME, Internal Financial Control (IFC), Corporate Governance● Internal Audit, Statutory Audit, Tax Audit, SOP and Process Mapping● Receivables, Payables, Fixed Assets, Inventory, Open Exposure, Discounting, Claims● Review of Trial Balance, Provisions, Prepaid expenses, Balance Sheet Reconciliation, Ageing Analysis● Automation for payables controlling activity by setting control checks on budgets, estimates and provisions.● Payable invoice indexing workflow automation designing and implementation for error free prompt processing● Master Data Management, KYC, KYS Compliances● Intercompany and Inter Unit Reconciliation, RPT matching process setup, SAP Balance Reconciliation● ERP Migration Microsoft Navision to MS Dynamics D365 Design, Planning, Testing

Thane, Maharashtra, India

Role: R2RGeneral Ledger Accounting for 22 Agencies in Oracle and Consolidation in Hyperion (HFM) Financial Reporting, Accounts Review, Payroll, Banking, Fixed Assets, WHT, Compliance, Balance Sheet Reconciliation, Cost plusCompliance with BCMS, ISMS and QMS requirements and internal as well as external auditsCapacity Planning, Recruitment, Training, Assessment, Backup, Cross Training, Team EngagementTrackers, Monthly, Quarterly, Annual MIS, Dashboards, presentations to senior stakeholdersSteering the transition from Chennai and Agency for accounting, Effective Escalation HandlingMonitoring regular review of trackers as per SOPs, User Guides and Operations ManualHighlights: R2R Delivered automation, standardization and FTE saving Zero escalation for GL function, Client Appreciations, Best practices in Stakeholder management, Half yearly award for GL team, Manager of the year Nominee Green Belt Project Participation, Zero Error Process in Asia and EuropeSignificant improvement in NPS (Net Promoter score for all clients) and quarterly compliance scoreRole: P2P Accounts Payable Process for 23 Agencies in Oracle, workflow monitoring Leading team of accounts payable booking and payment teams (75:25) Managing SLA for TAT as per due date and for Quality at 99%, Integration of new applications for automation AP Helpdesk project, Transformation Projects in P2PHighlights: P2P Delivered automation, standardization and FTE saving, continuous process improvement from AP team Manager Nominee for Half yearly Award Zero RFI Process in Asia and Europe, Significant reduction in Open RFI and Advance payments (Prepayment) Management and co-ordination for P2P during COVID-19 Lockdown, Cyberattack and WFH implementation

Mumbai, Maharashtra, India

Role: Country SPOC-India clients on Management Accounts, Income Tax, Banking, RBI, SEZ, STPI Compliance Guidance Accounts, Payroll, Banking, Compliances, Financial Objective setting, Framework for Process Control Conceptualizing budgets from stakeholders & variance analysis for difference between projected & actual results Creating checklists on internal controls over financial reporting in context of business environment Heading 50+ member team for global end-to-end management accounting, 275+ clients for accounting service MIS, Trackers, Dashboards reporting to Director-Financial Accounting Services & VP-Ops (India & Global) Leading SOP development for COS Vertical, Cross-border global management accounting more than 30 countriesHighlights: Worked in all 3 service verticals of the company COS, Intacct and SUN over 3 years, Scalable Financial Controls Successfully saved over 10 %Employee Cost through tight internal control on resource utilization Collaborated with senior management team in executing strategies & processes to generate additional revenue streams and accomplishing corporate goals & profitability for the company Developed & implemented lean integrated accounting, increased transparency, reduced processing time by 20%

Mumbai Area, India

Heading the Accounts Team for MNC Support centre of Global Commercial Air travel MNC Group.Handled the functions of Accounts, MIS, Taxation, Audit, Budgeting, Planning and Manpower costing.Role: Headed corporate accounts in the organization for Service unit(200+ employees) & Business expansion vertical Formulated and managed business feasibility, budgets, MIS and variance analysis Led all activities related to profitability & new business analysis and business processes & system set-up Presented financials to CEO & Board of Directors covering India, and USA, Internal, Statutory Audit, Transfer Pricing, Spine Payroll System, Vendor Management, Commercial Negotiation RBI Compliance, STPI & SEZ, Income Tax Scrutiny, Service Tax, Profession Tax assessments, FDI, ODI & WOS norms

Mumbai Area, India

Heading the accounts department of 4 companies with different 5 star Hotel Construction Projects in the group.Handled the functions of Accounts, MIS, Taxation and Audit.

Board Room Presentation on Financials, MIS Analysis & Critical Business Decision, Strategy Formation, Business Planning & Tracking PerformanceRole: Led the preparation and consolidation of group MIS, Reported to CEO and Group CFO, Finalized books of accounts for the entire group of food business, statutory audits, inventory management & costing Preparation of Short term and Long Term (LRP) budgets, Rolling Budgets, Forecast & variance reporting, Liaised with multiple group companies for MIS and consolidation of accounts Interacted with various departments for freezing on the targets and budgets of each of the departments Performed new products launch evaluation from cost and pricing perspective, new business projections and forecasts Worked on Heterogeneous Accounting Software and other accounting practices, Microsoft ERP implementation

New Business Projects EvaluationConslidation of Group Company MIS Reports

New Project Financial Model and AnalysisConsolidation of MIS Reports from Group Companies

Ca, Costing, Accounts And Taxation

Ssc, Secondary School