BHUPAL BHAMARE
Finance Manager (O2C, P2P)
Pune
Summary
A highly motivated and results-oriented finance professional with extensive experience in O2C, P2P, and payroll management seeks the Senior Manager / Manager position. Possesses a proven track record of streamlining processes, improving efficiency, and exceeding performance targets. Expertise in SAP, HFM, and Excel, combined with strong leadership and team management skills. Proven ability to manage complex financial operations, ensure compliance, and drive continuous improvement initiatives. Passionate about contributing to growth and success in the IT/Manufacturing industry by leveraging expertise in order management, cash collection, and financial reporting. Eager to take on new challenges and make significant contributions to a dynamic and fast-paced environment.
Overview
14
14
years of professional experience
3
3
Languages
Work History
Finance Manager - O2C, P2P
SIDEL INDIA PVT LTD
07.2024 - Current
- Responsible for managing all aspects of the Order-to-Cash cycle, including invoice processing, collections, cash applications, reporting, and team management. Played a key role in the successful migration of O2C data from EBS to S4HANA.
- Managed daily cash applications, and performed regular reviews of unbilled revenue, debtor aging reports, and sales trackers to identify and address potential issues.
- Analyzed key performance indicators (KPIs) such as the PO Burn Report, Sales Tracker, and Actual vs. Accrual Sales Tracker to monitor performance, and drive continuous improvement.
- Reviewed new customer documentation, and ensured compliance with established procedures before creating customer codes in SAP.
- Guided and mentored team members in dispute resolution, fostering positive customer relationships, and minimizing financial losses.
- Oversaw all Procure-to-Pay (P2P) activities, ensuring timely invoice posting and payment proposals within established Service Level Agreements (SLAs).
- Reviewed and approved purchase requisitions (PRs) in SAP, ensuring compliance with internal policies and stakeholder approvals.
- Managed vendor payments and performed reviews of open purchase orders (POs), goods receipt notes (GRNs), and PR/PO trackers.
- Reviewed new vendor documentation, and ensured compliance with established procedures before creating vendor codes in SAP.
- Guided and mentored team members in dispute resolution, fostering positive vendor relationships, and minimizing financial losses.
- Responsible for timely managing Concur expenses.
- Oversaw intercompany closure on a monthly basis.
- Led the data migration of O2C and P2P processes from EBS to S4HANA, ensuring a smooth transition and data integrity.
- Strengthened internal controls through regular audits and adherence to regulatory requirements.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
Finance Manager - DACH, USA
Expleo Infosystems India Pvt Limited
06.2021 - 01.2024
- Responsible for managing all aspects of finance operations for the DACH and USA regions, including P2P, O2C, payroll, intercompany transactions, employee expenses, month-end close, cash forecasting, audit, and team management.
- Successfully led process improvement initiatives for P2P and O2C functions across multiple regions, resulting in enhanced efficiency and accuracy.
- Managed Procure-to-Pay (P2P), Order-to-Cash (O2C), Payroll, intercompany transactions, and employee expenses for the DACH (Germany, Austria, Switzerland, Netherlands) and USA regions.
- Monitored invoice processing, ensuring adherence to Service Level Agreements (SLAs), and timely payments.
- Monitored cash applications daily, and reviewed Unbilled Revenue and Debtors Aging reports, identifying reasons for discrepancies, and implementing corrective actions.
- Reviewed and approved revenue recognition, ensuring compliance with accounting standards, and accurate financial statements.
- Ensured accurate tagging of billable expenses to clients, maximizing revenue recovery, and minimizing financial losses.
- Reviewed and approved purchase requisitions (PRs) in SAP, ensuring compliance with internal policies and stakeholder approvals.
- Managed vendor payments and performed reviews of open purchase orders (POs), goods receipt notes (GRNs), and PR/PO trackers.
- Reviewed new vendor documentation, and ensured compliance with established procedures before creating vendor codes in SAP.
- Guided and mentored team members in dispute resolution, fostering positive vendor relationships, and minimizing financial losses.
- Oversaw U.S. payroll processing, including back-working file review, adjustments in ADP, batch creation, and report generation for audit and entry posting.
- Managed intercompany transactions, ensuring timely invoice processing, accurate accruals and provisions, and reporting in HFM.
- Reviewed daily and weekly cash forecasts, ensuring accurate cash flow projections for informed decision-making.
- Led internal and statutory audits, and ensured compliance with Sarbanes-Oxley (SOX) requirements.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Conducted monthly one-on-one meetings with team members, and managed performance appraisals to foster professional development.
Sr. Consultant Finance (Team Lead) - UK, Ireland & South Africa
Expleo Infosystems India Pvt Limited
06.2018 - 12.2020
- Led and managed finance functions for the UK, Ireland, and South Africa, including P2P, O2C, payroll, intercompany transactions, employee expenses, and month-end close processes.
- Successfully streamlined processes, improved efficiency, and ensured compliance with internal policies and regulatory requirements.
- Played a key role in enhancing financial reporting accuracy, and provided valuable insights to top management through Power BI reports.
- Managed Procure-to-Pay (P2P) processes for the UK, Ireland, and South Africa, ensuring timely invoice processing and adherence to SLAs.
- Reviewed and approved purchase requisitions (PRs) prior to submission in SAP for stakeholder approvals, ensuring compliance with internal policies.
- Reviewed and approved vendor payments, maintaining accurate financial records, and positive vendor relationships.
- Generated and analyzed reports, including Open PO Report, GRN Tracker, and PR PO Tracker, to monitor P2P cycle efficiency and identify areas for improvement.
- Reviewed new vendor documentation, and ensured compliance with established procedures before creating vendor codes in SAP.
- Guided and mentored team members in dispute resolution, fostering positive vendor relationships, and minimizing financial losses.
- Managed Order-to-Cash (O2C) processes for the USA, the UK, Ireland, and South Africa, ensuring timely invoice processing, posting, and collection within SLAs.
- Reviewed and approved revenue recognition, ensuring compliance with accounting standards, and accurate financial statements.
- Ensured accurate tracking of billable expenses to clients, maximizing revenue recovery, and minimizing financial losses.
- Monitored cash applications daily, and reviewed Unbilled Revenue and Debtors Aging reports, identifying reasons for discrepancies, and implementing corrective actions.
- Generated and analyzed reports, including the PO Burn Report, Sales Tracker, and Actual vs Accrual Sales Tracker, to monitor sales performance and drive continuous improvement.
- Prepared and published reports in Power BI for top management, providing data-driven insights into O2C performance.
- Reviewed new customer documentation, and ensured compliance with established procedures before creating customer codes in SAP.
- Managed intercompany transactions for the UK, Ireland, and South Africa, ensuring timely invoice processing, accurate accruals and provisions, and compliance with reporting deadlines.
- Reviewed and monitored the timely submission of intercompany reporting in HFM, ensuring accurate financial consolidation.
- Reviewed and reconciled intercompany accounts monthly, identifying and resolving discrepancies to maintain financial integrity.
- Reviewed and approved intercompany payments, ensuring timely and accurate settlements.
- Managed employee expenses for the UK, Ireland, and South Africa, ensuring compliance with entity expense policies and accurate billing.
- Managed month-end closing activities for the UK, Ireland, and South Africa, ensuring accurate and timely financial reporting in HFM.
- Reviewed and approved bank reconciliations, ensuring accurate cash flow management, and financial reporting.
- Reviewed and reconciled P&L and balance sheet accounts, ensuring financial accuracy and integrity.
- Reviewed Daily Cash Forecast (DCF) and Weekly Cash Forecast (WCF) to provide accurate cash flow projections for informed decision-making.
Sr. Collection Specialist (O2C) - Centre West Africa
Maersk
09.2015 - 12.2017
- Responsible for leading and managing the collection team for Centre West Africa, focusing on minimizing overdue balances, resolving customer disputes, and ensuring compliance with internal and external audit requirements.
- Played a key role in improving collection performance and mitigating financial risk by implementing effective collection strategies, and holding decision-making authority for blocking customer shipments.
- Led and mentored a team of eight collection specialists, driving performance and achieving collection targets.
- Effectively handled customer escalations and ad-hoc requests, ensuring timely resolution and customer satisfaction.
- Represented the collection team on calls with sales and customer representatives, providing insights and recommendations from a recovery perspective.
- Held decision-making authority to block customer shipments in cases of outstanding balances, mitigating financial risk, and ensuring timely payments.
- Reviewed and approved refund proposals and write-off cases proposed by team members, ensuring compliance with company policies, and minimizing financial losses.
- Forecasted cash inflows and developed strategies to control and reduce overdue balances, improving overall collection performance.
- Prepared data on collection performance and problematic customers for management calls, providing data-driven insights for informed decision-making.
- Conducted daily and weekly recovery meetings, driving team performance, and ensuring timely collection of outstanding payments.
- Conducted monthly one-on-one meetings with team members, and assisted the manager with performance appraisals, fostering professional development and growth.
- Served as the Single Point of Contact (SPOC) for Dispute Management for the entire Africa region (O2C), effectively resolving disputes and minimizing financial losses.
- Ensured compliance with internal, statutory, and SOX audit requirements, maintaining financial integrity, and regulatory compliance.
Sr. Analyst - Collection
Flextronics Global Business Services
06.2014 - 08.2015
- Responsible for managing accounts receivable, resolving customer disputes, analyzing debtor outstanding balances, and ensuring compliance with internal and external audit requirements. Played a key role in improving collection performance and providing data-driven insights to top management for informed decision-making.
- Managed accounts receivable by sending weekly statements to customers, and following up via email and phone to ensure timely collection of outstanding payments.
- Resolved customer disputes within the given SLA of 48 hours, maintaining positive customer relationships, and minimizing financial losses.
- Provided invoices to the cash application team for accurate and efficient payment processing and reconciliation.
- Analyzed debtor outstanding balances, identifying reasons for discrepancies, and implementing corrective actions to improve collection performance.
- Prepared and presented weekly outstanding reports to top management, highlighting problematic customers, and providing data-driven insights for informed decision-making.
- Investigated and proposed a write-off for customer accounts aged above 365 days, minimizing financial risk, and maintaining accurate financial records.
- Participated in weekly calls with location teams to discuss and develop strategies for recovering outstanding payments, fostering collaboration, and driving collection performance.
- Conducted weekly and monthly AR meetings and reconciliations (GL and Sales), ensuring accurate financial reporting and analysis.
- Ensured compliance with internal, statutory, and SOX audit requirements, maintaining financial integrity, and regulatory compliance.
Officer Finance
Varroc Lighting Systems (India) Pvt. Ltd
01.2012 - 05.2014
- Responsible for managing key financial processes, including CWIP, asset capitalization, accounts receivable, depreciation, provisions, and revenue reporting. Played a key role in ensuring accurate financial reporting, minimizing financial risk, and maintaining compliance with internal and external audit requirements.
- Preparing invoices, cash application on a daily basis.
- Make sure all necessary documents are collected, and approvals are taken before raising a new customer in the system.
- Controlled and managed accounts receivable, minimizing outstanding balances, and ensuring timely collection of payments.
- Provided provisions for forex revaluation, bad debts, and doubtful debt, minimizing financial risk and ensuring accurate financial reporting.
- Analyzed debtor outstanding balances, identifying reasons for discrepancies, and implementing corrective actions to improve collection performance.
- Conducted weekly AR meetings to discuss and develop strategies for recovering outstanding payments, fostering collaboration, and driving collection performance.
- Prepared and presented weekly revenue reports to top management, providing data-driven insights into sales performance.
- Invoice posting for PO and non-PO invoices.
- Preparation of payment proposal and sending it to the treasury team for approval.
- Enure that 3 Way matching is preformed before posting invoice in system
- Maintained control over urgent payments and employee expense vouchers, ensuring timely and accurate processing of payments and expense reimbursements.
- Maintained control over Capital Work in Progress (CWIP) and asset capitalization, ensuring accurate tracking and reporting of capital expenditures.
- Managed the monthly capitalization of assets from CWIP, ensuring compliance with accounting standards, and accurate financial reporting.
- Calculated and recorded depreciation on assets, maintaining accurate financial records, and complying with accounting regulations.
- Participated as a member of the Cross-Functional Team (CFT) for physical verification of assets, ensuring accurate asset tracking and management.
- Ensured compliance with internal, statutory, and SOX audit requirements, maintaining financial integrity, and regulatory compliance.
Education
MBA - Finance
Pune University
Pune, Maharashtra05.2011
Post Graduation Diploma - Banking and Finance
Pune University
Pune, Maharashtra05.2011
Post Graduation Diploma - International Business
Pune University
Pune, Maharashtra05.2010
Bachelor of Commerce - Costing
Pune University
Pune, Maharashtra05.2009
Skills
- Technical Skills: SAP, HFM, Excel, Order Management, Cash Collection, P2P Process, O2C Process, Payroll, Financial Reporting, Data Analysis
- Core Competencies: Order-to-Cash (O2C) Management, Procure-to-Pay (P2P) Management, Payroll Processing, Financial Reporting & Analysis, Team Leadership & Management
- Soft Skills: Communication, Teamwork, Leadership, Problem-solving, Time Management, Decision-making, Adaptability, Conflict Resolution, Negotiation, Mentoring
Interests
Playing Guitar, Singing, Cooking
Accomplishments
- Led the data migration of O2C & P2P processes from EBS to S4HANA, ensuring a smooth transition and data integrity.
- Successfully transitioned and streamlined Procure-to-Pay (P2P) processes for DACH entities, resulting in significant efficiency improvements.
- Successfully transitioned and streamlined Payroll process for the US
- Successfully transitioned and streamlined P2P and O2C processes for the UK, Ireland, and South Africa, achieving measurable improvements in accuracy, efficiency, and cycle times.
- Completed LEAP (Leadership Excellence through Awareness and Practice) program.
- Received Gold Award for best employee - for US and UK Entity.
Timeline
Finance Manager - O2C, P2P
SIDEL INDIA PVT LTD
07.2024 - Current
Finance Manager - DACH, USA
Expleo Infosystems India Pvt Limited
06.2021 - 01.2024
Sr. Consultant Finance (Team Lead) - UK, Ireland & South Africa
Expleo Infosystems India Pvt Limited
06.2018 - 12.2020
Sr. Collection Specialist (O2C) - Centre West Africa
Maersk
09.2015 - 12.2017
Sr. Analyst - Collection
Flextronics Global Business Services
06.2014 - 08.2015
Officer Finance
Varroc Lighting Systems (India) Pvt. Ltd
01.2012 - 05.2014
Post Graduation Diploma - Banking and Finance
Pune University
Post Graduation Diploma - International Business
Pune University
Bachelor of Commerce - Costing
Pune University
MBA - Finance
Pune University
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