Suresh Patel Email & Phone Number

Greater New York City Area

• Responsibilities
• Managed contract negotiations for around 100 vendor subscriptions.
• Established and maintained an informative relationship with key business stakeholders to help drive contract negotiation with the vendors to favorable terms and fees.
• Ensured agreements are accurately risk assessed during renewal and new deals stages.
• Supervised the invoice reconciliation team and liaise with Finance and Accounts Payable to address all Market Data billing issues and escalations.
• Generated monthly metrics for team’s total spend, renewals, saves, invoices processed, purchase orders created and display them on Tableau dashboards for senior management.

Greater New York City Area

• ResponsibilitiesImplemented and Managed the Global Market Data inventory using Financial Information Tracking System (FITS).
• Generated budget planning reports, ad-hoc service management reports, and month end allocation reports for stakeholders and internal senior management.
• Severed as a focal point for HR upload, termination report, contract renewal report, month end reports.
• Responsible for all internal client requests for services; manage permissioning systems, usage reports.AchievementsSuccessfully implemented inventory management system from manual Excel spreadsheet tracking sources..
• Imported around 400 different agreements, 200 vendors, 3000+ internal inventory users, and fully uploaded all active executed contracts.
• Completed FITS rollout within the first year and automated the entire Market Data workflow processes.

110 E 59th Street

• Served as FITS system expert and manage firm liabilities and enhance value of inventory management process.
• Generated timely monthly Market Data allocation reports for heads of desk and senior managers.
• Reconciled account invoices and process for payment using an inventory management system (FITS Financial Information Tracking System).
• Liaised with internal line of business clients and vendors to resolve any Market Data related issues.

• Managed 70 major vendor billing relationships with a monthly billing value of $6MM
• Reconciled GL accounts; validated and authorized vendor invoice payments.
• Support management of inventory integrity and alignment with financial obligations.
• Monitored transactions through Accounts Payable (SAP) to substantiate GL account balances.
• Developed “Order to Pay” portal to support automation of payment process, linked into (FITS).

• Gathered data for North America telecommunications inventory for four separate RFP’s including PBX, trading turrets, voice recording and intercom systems and performed comparative cost analysis.
• Managed vendors, deadlines, and tasks in a high-pressure environment, delivered time sensitive projects to senior management.