Umesh Palekar

Lead client setup for seamless integration, enhancing invoice delivery and client satisfaction.
• Oversee billing transition to new platform (ORMB), ensuring service continuity and process efficiency.
• Analyse and executed the transition of billing processes to the ORMB platform and minimizing operational disruptions.
• Manage joint venture team transitions, aligning operations and maintaining setup accuracy.
• Implemented process controls, improving compliance and reducing operational risks.
• Address risk incidents, enhancing procedures to prevent future errors and improve outcomes.
• Spearhead client on boarding for the SSGS North America region, achieving seamless data integration and enhancing service delivery efficiency.

• Invoicing & Revenue Recognition: Managed the end-to-end order-to-cash
process, including invoice creation, credit/debit memos, and revenue recognition
across services like licenses, cloud, and consulting for the LATIN region.
• Account Reconciliation & Month-End Close: Reconciled invoices and credit
memos from multiple systems, ensuring accurate financial reporting. Led month
end activities, clearing AR interface rejections and finalizing inter-company
transactions.
• Intercompany Transactions & Closing: Oversaw intercompany revenue transfers
and ensured accurate monthly account closings by collaborating with multiple
teams to balance clearing accounts.
• Testing & Process Improvement: Led testing for system updates, acted as SPOC
for the LATAM region, and reported findings to the Global Process Owner (GPO) to
improve invoicing and revenue recognition processes.
• Cross-Department Collaboration: Coordinated with the General Ledger and other
finance teams to ensure seamless reconciliation, reporting, and account closures
during month-end.
• Compliance & Revenue Generation: Monitored compliance with accounting
policies during invoicing and revenue recognition, ensuring timely revenue
recognition and accurate financial documentation.

• Optimized working capital by maintaining a DSO of 45-60 days for a US Platinum portfolio
• Streamlined cash application via Lockbox, ACH, and Wire to ensure 100% contract payment accuracy.
• Resolved payment discrepancies, improving account accuracy and customer satisfaction.
• Conducted fund research, applied unidentified funds, and maintained account integrity.
• Handled contract renewals and adjustments, ensuring system accuracy and compliance.
• Optimized processes, resulting in timely transaction processing and policy adherence.

• Managed foreign invoices, ensuring accurate payments and compliance with policies.
• Streamlined e-payment of customs duties, ensuring timely regulatory compliance.
• Processed TDS for non-resident suppliers, adhering to Indian tax laws.
• Streamlined foreign supplier invoice management, ensuring timely payments and compliance, which led
to a marked reduction in processing delays.