PRAKASH PADMANABHAN

Accountng, Financial Planning and Analysis, Process Transformation and Automation.

Accounting and Finance Head for Retail and also For Real Estate. Logistics and Supply Chain head, Finance Process Transformation, transition to ERP accounting platform

Heading the global accounting, Process excellence, Business process re-engi meeting, Taxation, Audit and control

My KRA's and achievements include:
• Taken in as a Finance transformation specialist.
• Developed a Minibot in excel, resulting in a process efficiency of 80% and productivity efficiency of about 35%
• Analytics project of Staff cost and Inventory Management.
• To bring about a transformation in the Finance and accounting operations of the Company, globally

• I was the process owner for PTP (Jun’16-Sep’17) for a Client in the Hardware industry and currently the Delivery lead for a client in the Utilities industry.
• Led the transition of end to end operational processes, challenging existing processes / controls and effecting a change request with the stakeholders for improvising on process controls.
• Consolidated Financial information and overseeing the month-end closing for all group companies operated under the parent company
• Driving Automation, upsell and Client value creation.

In this role, I managed all aspects of the Company’s financial and warehouse operations;
playing a vital role in turning around the business performance and making it profitable. I
handled financial accounting & reporting, budgeting & forecasting, treasury operations,
employee benefits, and compliance.

My KRA's included:

- Conducting periodic operational audits of the retail stores.
- Implementing SOP’s for process improvements and sustained internal controls.
- Driving accounting hygiene, leading discussions with statutory & internal auditors in
presenting the audited financial statements.
- Addressing business & IT risks through value-added audits.
- Simulating pricing models and strategic role in the fixation of prices.
- Leading process improvements for warehouse operations and fleet management.

Achievements:
- Led implementation of COGNOS tool for budgeting and analytics.
- Consolidated financials of Retail stores in Lebanon (22 stores).
- Reduced the books closure process by 3 days without compromising on the accounting
hygiene.
- Drafted and implemented SOP’s for Inventory Control, resulting in a reduction of stock
shrinkage from 2.5% to <1%.
- Cost control through price negotiations and process re-engineering. I brought in a 30%
reduction in vendor costs by re-negotiating pricing & fees, while ensuring the
continuation/enhancement of services. Overall savings were in excess of $400, 000.

Servicing Clients - Tata DoCoMo, Bharti Airtel, Aircel Cellular and other Small firms / Companies.

• Vendor Help Desks
• Predictive Dialer - Telecalling / field for Collections, Welcome Calls, Credit & Address Verification
• Customer Servicing and Retention of Customers of our Clients
• Offering Accounting and Financial Services
• Human Resource outsourcing
• Business Analysis and strategic planning
• Inventory Audits
• Business process Reengineering
• ROI Statements for investors in the Real Estate Industry

Notable Skills and Accomplishments
• Increased revenue sources and defined baseline foundation to eliminate income volatility and improve overall financial foundation.
• Straightened out the financial aspect of the Company that had generated no financial information since the formation of the Company in 2001.
• Business process re-engineering - Analysed Customer Buying cycle and kinds of customer and adviced the change in the Jewellery Designing process to suit customer trends, tastes and seasons.
• Designed a Costing & MIS system.

Professional Experience

- Held responsibility to oversee financial activities of the Parent and Subsidiary companies and of the factories outsourced, including supervising accounts payable, collecting accounts receivable, maintaining records of business transactions, balancing ledgers and reconciling accounts, preparation of monthly financial reports and financial projection models.
- Provided financial expertise and oversight to support operations and resolve challenges including restricted fund management, forecasting, budgeting, and financial transactions.
- Directed maintenance and review of general ledger, fixed asset accounting, inventory costing and analysis, maintenance of internal controls.
- Inventory control, Pricing strategies and Cost Control
Structured Tax friendly and High return financial models, attracting many European Private Equity Investors.
• Generated improved cash flow through applying meticulous collection policies and closely observing accounts payable.

Notable Skills and Accomplishments

• Structured Tax friendly and High return financial models, attracting many European Private Equity Investors.
• Generated improved cash flow through applying meticulous collection policies and closely observing accounts payable.

Professional Experience

• Advice the management on the feasibility of the projects undertaken in various investment Proposals.
• Control the overall accounting functions of various SPV’s incorporated for construction & execution of the projects.
• Preparation of Corporate and Subsidiary budgets and highlighting areas for improvement and variations from Budget, providing and implementing corrective actions.
• Supervision and Finalisation of Accounts and Internal / Statutory Audit of the Company accounts.

and to set up a reporting and accounting system in South India, across three locations.

Notable Skills and Accomplishments

• Project Financing - Arranged for a long term loan facility of USD.1, 700, 000//-
• Benchmarking studies with leading survey agencies and Due Diligence audits.
• Instituted new procedures that reduced bad debt from 8% to 2%

Good Performance resulted in taking up the additional role of that of handling finance and Accounting functions

Professional Experience:

- Manage staff of 8 employees. prepare regular reports and presentations to Senior Management including budget preparation, projection and review.
- Coordinated financial planning and budgeting and implemented internal control policies, guidelines, and procedures for budget administration, cash and credit management, and accounting.
- Advised management on short- and long-term financial objectives and actions.
- Prepared financial statements and ad-hoc activity reports.
- Handled quarterly and annual closes, while troubleshooting various accounting and control issues.

Notable Skills and Accomplishments
 Savings of USD.330, 000 through rationalization of regulations / definitions.
 Formalised and re-engineered procedures to ensure Compliance with Complex government proposals and regulations, resulting in a huge savings to the Company.
 Skillfully negotiated bank line of credit increase while reducing covenants and shareholder personal guarantees.
 Organised work groups to maximize benefits.

Professional Experience:
- Monthly closing of accounts and financial reporting.
- Cash flow statements and forecasts.
- Coordinated in the processing of Payroll, Corporate Tax returns and Statutory Audits of the accounts.
- Reconciliation of vendor accounts.
- Receivables and Fixed Assets accounting.
- Business Audit and Revenue Assurance.