Sonu P Sihag

TCO for UK Clientele :

• Communicated complex tax issues and terminology with others by explaining in easily-understood terms.
• Researched tax issues and stayed current on all federal and state tax laws.
• Conducted internal reviews of financial statements, identifying errors or inconsistencies that could impact overall tax liability calculations.
• Scrutinizing and ensuring accuracy of Taxation of all the P&G Invoices for Region Hungary/Romania/Czech R/Poland.
• Preparing and maintaining various reports ensuring correct details for Tax payment purposes such as Manual Intrastat/BPO Checks/TAP Date records, etc.
• Working experience on SAP such as extracting Invoices and additional details related to Invoices/Suppliers and Taxes.
• Checking and working on SMART Tickets on FPSS Portal regarding different Taxation issues for different regions. Providing Smooth transition and documentation to the new team.

OTC for European Clientele :

• Supporting the transformation roadmap for invoice processing team in ERP (Oracle) as per the defined policy
• Preparing and maintaining of various reports in invoice processing, like SDP & VAT reports.
• Single handedly managed 5 entities under 2 European countries for OTC process under the scope.
• Took complete responsibility of whole AR activities since Aug'23 till Feb'24 such as Invoicing, cash application, Reconciling Past due dates and expected payments/unaccounted payments etc. via ERP Business Central.
• Run Reports to check and verify the payment status of the Invoices through SAP. (e.g. AR Aging Report/ Dunning Report/ etc) Completed every Month-end/ Quarter-end closings on time with 0 escalations and no noise.
• Identified more efficient approaches to minimize manual/repetitive efforts and got involved with various teams to automate and simplify the process
• Took responsibility to help with AR Reconciliation for a complex client after going into live environment.
• Supported and worked with complicated reconciliations and postings on Business Central.
• Manage customer ledger (up-to-date information about
  overdue items) according KPI’s (RC, texting, reconciliation)
• Being one of the complicated reconciliations, closed open items for almost 1400 complex transactions.
• After reconciling open items for all the transactions, provided reconciliation document for all the entries posted by AR team to validate the reconciliation process done by the team.

Benchmarking Operation Processes for UK and Singapore Govt. Clients :

• Conducted an extensive task level benchmarking for the internal operations processes across Finance, Purchase, HR and Logistics functions.
• Developed excel based survey models to gather information for benchmarking process.
• Developed a final analysis based on research benchmarking and maturity assessment to develop a strategic roadmap for transformation exercise.
• Developed a real time visual dashboard for mapping the functional FTE’s and cost components across the firm.
• Identification and analysis of sector specific KPIs across companies within the same sector i.e. predictive asset management, performance and cost optimization, etc.
• Performed statistical validation and gap analysis to identify improvement opportunities

R2R for European/US Clientele :

• Analysis of periodical (quarterly/annual) financial statements.
• Completeness and Accuracy assessment of financial statements.
• Scrutiny of reconciliation statements for finalization of Financial Statements.
• Prepared various reconciliations as part of closing activities.
• Took complete responsibility of cash reconciliation for Italy, Latin, Mexico scope
• Responsible for Cash Pooling activity automation
• Clearing and correction foreign currency transactions, Performing GL re-class activities.
• Prepared ledger/control account reconciliations as part of financial closing.
• Prepared and scrutinized consolidation related reconciliations and workings.
• Prepare and upload the Journal entries from ATM and Oracle
• Identifying Design and Operational gaps and reporting to the management
• Risk assessment of Business Entity and preparing the audit plan basis of assessment results.
• Preparation of SOP for the smooth understanding of the process.
• Supporting the rule writing and automation initiatives for R2R processes.

Process Assessment and Optimization :

• Detailed process assessment in FP&A and R2R. Gap identification, impact analysis and reporting to the management.
• Finance process SOPs assessment, improvements and implementation.
• Conducted workshops with process owners to document current processes and redesign processes to be more efficient.
• Testing and analysis of automation tools in under different scenarios and assessment basis of testing results.
• Drafting and implementation of Finance SOPs. Analysis of periodical (quarterly/annual) financial statements. .
• Completeness and Accuracy assessment of financial statements.
• Identifying various financial reporting risks and assessment of internal controls.
• Testing of Internal Financial Controls defined on a periodical basis.
• Identifying Design and Operational gaps and reporting to the management.

• Developed systems and procedures to improve operational quality and team efficiency.
• Managed vendor relationships, ensuring timely deliveries, accurate invoicing, and effective issue resolution.
• Increased order fulfillment accuracy by developing comprehensive tracking system.
• Negotiated favorable contracts with suppliers, securing optimal pricing structures while maintaining strong working relationships throughout engagements.
• Ensured compliance with industry regulations and standards through regular audits and process reviews.