Senior Manager, Treasury And Finance Operations
Bengaluru, Karnataka, India
• Developed financial strategy to facilitate three corporate M&As in five years, growing Emtec from $90 to $250 million business• Facilitated acquisitions of Lucidity ($15 million), Intelinex ($30 million), and Emerging solutions ($35 million)• Transitioned shared services from the USA to India office in 2011 reducing costs by 400% • Provided bank account management and cash flow planning• Managed short-term cash requirements via accounts receivable and inventory• Utilised knowledge of Asset Based Lending (ABL) and borrowing base certificates (BBC)• Reduced interest payments by re-evaluating customer payment cycle• Enabled electronic payments processing via ACH NACHA • Implemented risk management system to account for variance in LIBOR and prime interest rates• Automated preparation of cash flow forecasting report to save 250 man-hours per annum• Streamlined 90% of bank account reconciliations via Oracle API• Facilitated SAP implementation in 2011 - 2012 to improve expense tracking and billing processes• Drove Oracle Fusion Internal Implementation from 2017 to 2019• Implemented ERP document management system, automating check disbursements, mailing, file storage, and document retention• Negotiated preferential terms with major vendors in partnership with procurement operations• Imposed supervision over treasury activities in compliance with US GAAP & IFRS• Ensured control on DSO, DIO, DPO, and CCC processes• Reduced clients’ bad debts by 70% ($300,000) by offering flexible settlement terms to customers• Achieved 99,98% invoice processing accuracy on 10,000 monthly invoices• Attained 90% in same-day accounts receivable approvals, reducing staff workload by 80%