Ankit Vyas
Leading Business Finance Operations
Borivali East
Summary
Results-driven finance professional with over 15 years of expertise in finance operations including Order-to-Cash (O2C), Credit & Collections, Revenue Accounting, and Working Capital Management. Strategic thinker with a strong command of ERP systems such as SAP and Oracle R12. Known for reducing past-due accounts, optimizing cash flow, and implementing credit policies. Passionate about financial efficiency, compliance, and process automation to drive organizational success.
Overview
15
15
years of professional experience
2023
2023
years of post-secondary education
3
3
Languages
Work History
AVP – O2C, Revenue Control & Inventory Control
Leadership Boulevard Pvt. Ltd.
01.2022 - Current
- Lead end to end finance operation of two BU includes: O2C, collections, credit, and billing strategies with a customer-first approach.
- Streamline revenue recognition, cost accounting, and financial processes through cross-functional collaboration.
- Ensure compliance with internal controls to prevent revenue leakage and maintain accurate financial records.
- Drive DSO reduction, past-due (PD%) improvements, and bad debt risk mitigation.
- Oversee statutory audits, GST tax audits relate to O2C domain, diligence activities, and ICFR compliance.
- Manage month-end and year-end closing processes to ensure accurate and timely financial reporting.
- Optimize IT systems and process automation for seamless O2C and O2D execution.
- Lead risk mitigation efforts by identifying process gaps and implementing corrective actions.
- Partner with cross-functional teams (Procurement, IT, Sales, HR, etc.) to streamline finance processes and align operational goals.
- Ensure adherence to internal controls and standard operating procedures related to inventory handling and documentation.
- Develop and monitor KRAs for employee performance management.
India Credit Controller / AR Lead / O2C Lead
Gates Corporation
03.2019 - 12.2021
- Led collections and credit strategies across two business units (timing belts & hose assemblies) for India.
- Partnered with business teams to improve revenue, cash flow, and compliance while adhering to global credit & SOX policies.
- Implemented and updated credit and collection policies to align with business needs.
- Managed DSO, Past Due (PD%), and Bad Debt Reserve (BDR) targets to optimize financial performance.
- Supported budget planning from a working capital perspective, ensuring ±5% accuracy in target vs. actuals.
- Reviewed and analyzed AR reports (monthly, weekly, daily) for accuracy and insights.
- Managed SOX and US GAAP audits related to accounts receivable.
General Manager – Commercial Credit & Collection
Asian Granito India Ltd – Crystal Ceramic Industries
06.2018 - 03.2019
- Led Accounts Receivable, Cash Applications, and Claims Submission functions.
- Assessed credit risk for customers & dealers, advising on credit applications.
- Developed processes to improve cash flow and reduce receivables.
- Monitored branch expenditures and ensured budget compliance.
- Formalized and managed Dealer Incentive Policies.
- Oversaw billing accuracy and invoicing process improvements.
- Resolved ERP-related sales accounting issues for system enhancements.
- Reviewed and finalized monthly sales and collection targets.
- Provided AR, cash application, and claims submission expertise and mentored teams.
Regional Credit Controller
Ingersoll-Rand (India) Ltd.
01.2015 - 02.2018
- Managed accounts receivable collections, ensuring DSO & delinquency targets.
- Conducted weekly AR review meetings with sales and stakeholders.
- Supervised LC, CAD, DA, and COD transactions at a pan-India level.
- Handled merchant trade transactions for Bangladesh & Sri Lanka, ensuring RBI compliance.
- Negotiated foreign exchange rates for overseas payments.
- Ensured billing accuracy and conducted customer account reconciliations.
- Managed order hold/release process based on credit criteria.
- Assessed & approved credit limits for new and existing customers.
- Recommended legal action for delinquent accounts when necessary.
- Led process improvements and ensured SOX compliance.
Sr. Credit Controller
Harsha Engineers Limited
12.2011 - 01.2015
- Monitored debtors ledgers weekly for overdue payments and credit compliance.
- Prepared plant-wise debtor reports and monthly DSO reports for top management.
- Identified payment pattern changes and recommended corrective actions.
- Assessed credit risks and reviewed applications for credit facilities.
- Led debt recovery strategies and managed dispute resolutions.
- Maintained expertise in banking processes, credit lines, and LC transactions.
- Generated monthly sales reports, provision reports, and commission reports.
Finance Executive
Sushen Medicamentos Pvt. Ltd.
06.2010 - 12.2011
- Managed cash flow and income statements.
- Handled VAT returns and ensured legal compliance.
- Negotiated LC documents and resolved foreign bank discrepancies.
- Scrutinized export documents (invoices, shipping bills, insurance, COO, etc.) for government submission.
Education
MBA - Finance
International Business School of Management
PGDCA - Computer Applications
Saurashtra University
04.2001 - 01.2008
B.Com - Commerce
Gujarat University
04.2001 - 01.2007
Skills
- Order-to-Cash (O2C) Management
- Accounts Receivable & Collections
- Business Finance Operations
- Credit Operations & Risk Assessment
- Revenue Accounting & Cost Control
- Compliance & Internal Controls
Interests
Networking
Socializing
Cricket
Key Accomplishments
- Sushen Medicamentos Pvt. Ltd., Negotiated and reduced marine insurance policy rates for export trade transactions by 1.5%.
- Harsha Engineers Limited., Successfully devised and implemented credit control procedures (administrative, debt recovery, and reporting) for the new plant in China (Harsha Changsu, China).
- Ingersoll-Rand (India) Ltd., Reduced statutory liabilities by 50% within 6 months by collecting pending C Forms and H Forms (Received Spot Award from EMEA in 2016)., Achieved 23-25% reduction in past dues over 21 months., Centralized Invoice Dispatch Process to improve efficiency., Established centralized secured payment terms (Payments via bank, LC Negotiation, DA Terms)., Devised and implemented credit control procedures for Bangladesh and Sri Lanka operations.
Timeline
AVP – O2C, Revenue Control & Inventory Control
Leadership Boulevard Pvt. Ltd.
01.2022 - Current
India Credit Controller / AR Lead / O2C Lead
Gates Corporation
03.2019 - 12.2021
General Manager – Commercial Credit & Collection
Asian Granito India Ltd – Crystal Ceramic Industries
06.2018 - 03.2019
Regional Credit Controller
Ingersoll-Rand (India) Ltd.
01.2015 - 02.2018
Sr. Credit Controller
Harsha Engineers Limited
12.2011 - 01.2015
Finance Executive
Sushen Medicamentos Pvt. Ltd.
06.2010 - 12.2011
PGDCA - Computer Applications
Saurashtra University
04.2001 - 01.2008
B.Com - Commerce
Gujarat University
04.2001 - 01.2007
MBA - Finance
International Business School of Management
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