Asawari Bhongade
Accounts Receivable - Specialist
Pune
Summary
Profile Summary
Experienced Accounts Receivable Specialist with 7.10 years of experience in managing collection
process. Skilled at credit & collection, cash application, billing, aging, payment negotiation, invoicing,
forecasting, dispute resolution, deduction, stake holder coordinate, audit support and resolving customer
inquiries. Proficient in Excel and utilizing ERP systems such as Baan, Oracle, LN to streamline accounts
receivable processes. Proven ability to collaborate with cross-functional teams and implement new
systems that improve accuracy, efficiency and revenue growth.
Overview
9
9
years of professional experience
6
6
years of post-secondary education
Work History
Collection Specialist
Flextronics Technologies India Pvt Ltd
01.2018 - Current
- Conducted regular follow-ups with customers from diverse countries to ensure timely payments
- Effectively managed a substantial portfolio of annual billing and collections, totaling approximately $150 million from a diverse customer base of 250+ clients
- Initiated proactive email and phone communication with clients to expedite payment, promptly address customer queries and efficiently managed dispute resolution
- Forecasted expected cash flow from customers on weekly and monthly basis to facilitate effective financial planning
- Attending the weekly meetings scheduled to discuss clients with outstanding balances along with any issues that cause a delay in payments
- Implemented automated payment application processes, resulting in reduction in manual effort and improved efficiency
- Provided support for audit requests and actively contributed to month-end activities
- Managed unapplied and unallocated cash effectively, researched overpays and short pays
- Prepared subsequent debit and credit memos to clear Accounts Receivable
- Made a pivotal contribution to consistently maintaining weekly accounts receivable past due below5% with a flawless record of no documents exceeding 180+ days due
- Attained an exceptional cash flow forecast accuracy rate ranging from 95% to 100%
- Consistently upheld a flawless 100% cash application TAT while delivering comprehensive supporting documents for both external and internal audits
- Engaged with cash applications team to ensure timely and accurate daily cash application
- Collaborated with the billing team to rectify errors raised by clients, ensuring billing accuracy
- Train new and existing team members on an ongoing basis on relevant tools or topics
- Cash Application responsibilities-
- Download bank statements and accurately applied payments as per remittance advice in the ERP system
- Conducted and reported on payment reversals, reapplications, and providing refund to customers for excess payments
- Maintaining daily cash tracker and circulate
- Reconciliation of AR sub-Ledger vs Trial balance
- Ensuring all the cash applied before month end close.
Accounts Payable Associate
WIPRO
05.2016 - 04.2017
- Daily reporting to Operation Manager
- Processing Invoice & E-bills on the given client timeline
- Maintain Invoice & E-bills Quality
- Handling single as well as Multiple Invoices
- Taking regular follow up with client
- Maintaining TAT (Turn Around Time) for 24 hours & 48 hours
- Enter & upload the invoice on the system
- Filling fields in Index, related to client and customer invoices
- Maintain knowledge base queries received from customer
- Co-ordination with clients on their queries.
Education
MBA - Finance
Modern College of Engineering
Pune 07.2013 - 06.2015
L.R.T.College of Commerce
Akola 06.2009 - 06.2012
High School Diploma -
Akola 06.2012 - 06.2013
Skills
Collections
Cash Applications
Dispute Resolution
Invoicing
Order to Cash
Baan ERP
Oracle
LN ERP
MS Outlook
Advance Excel
MS Office
Teamwork
Accomplishments
- Robotic Process Automation (RPA) for Remittance Advice (RA) Matching Project
- Automation of remittance advice matching and submission into AR tool
- Elimination of manual work
- Improved internal control Mechanism
- Automate and perform repetitive tasks with quick and robotic speed
- Improve efficiency, accuracy and speed in business processes
- Increased higher productivity, reliability, availability, performance and reduced operating costs.
Additional Information
- for Robotic Process Automation (RPA) for Remittance Advice (RA) Matching Project. ACF accuracy maintained at 95% to 100%. Completed Internal Kaizen Workshop (IKW) in Robotic Process Automation (RPA) for Remittance Advice (RA) Matching project as Lead to focus on End-to-End (ETE) process improvement and automated payment application processes resulting in reduction in manual effort.
Timeline
Collection Specialist
Flextronics Technologies India Pvt Ltd
01.2018 - Current
Accounts Payable Associate
WIPRO
05.2016 - 04.2017
MBA - Finance
Modern College of Engineering
07.2013 - 06.2015
High School Diploma -
06.2012 - 06.2013
L.R.T.College of Commerce
06.2009 - 06.2012
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