Avinash Subramanian

• Optimized cash flow by implementing effective cash management strategies and monitoring daily liquidity positions.
• Managed foreign exchange exposures by developing a comprehensive hedging strategy to minimize currency risks.
• Developed strong relationships with banking partners for improved service levels and competitive pricing negotiations.
• Collaborated cross-functionally with other departments such as finance, accounting, tax, legal, and procurement to ensure seamless integration of treasury-related activities.
• Streamlined payment processes by implementing an electronic payment system that reduced manual errors and increased operational efficiency.
• FX trades to ensure we have enough local currency to manage operations.

Key Achievements for APAC region.

• Created a new Cashflow template on APAC and Global level which captures forecasts on a week, month, quarter & yearly level.
• Utilized idle funds in operating accounts by investing in Term Deposit and earning interest of close to $330k this FY.
• ·Successful migration of corporate card program from HDFC to HSBC with higher credit limit which will free up working capital in future for opex and other payments.
• Setting up the CC program with CITI Taiwan for our Taiwan employees.
• Migration of India , Taiwan & Singapore Payment process from Deloitte to In-house Payments Team.
• Collaborating with tax team to ensure GST refund of close of $700k( FY23 & FY24 period ).
• Reduced bank fees by negotiating favorable banking terms with CITIBANK Taiwan for foreign wire . From $105 to $15 per transaction.

• Leading a team of 3 senior analysts for Europe Direct cash flow process. Focusing on Operational Cash Forecasting, Liquidity Management & Variance analysis for Europe Zone.
• Preparation of short term (8 weeks) and long term (12 month) cash forecasts using historical information and other available sources to manage liquidity.
• Managing Cash and Liquidity Requirement through daily cash management process and funding according to currency and bank accounts.
• Supporting the budgeting process and working with zone cash flow managers and control directors to identify trends and opportunities for improvement forecasting and achieve budget targets.
• Coordinating with P2P, Collections & Procurement to ensure cash flow needs are addressed. Weekly review of parked and blocked vendor invoices and Customer overdue and deductions with concerned teams.
• Worked with Risk management to manage account liquidity in foreign currency and minimize exposure and costs connected with interest rates and overdrafts.
• Oversaw bank account management, including opening/closing accounts, negotiating terms, and optimizing banking service.
• Elevated processes to next level using analytics for forecasting, building early warning systems through automation & transformation. Notable implementation being Anaplan for cashflow reporting & worked with FP&A Sales volume to forecast receivables based on payment terms and gross turnover on customer, brand, and product type level.
• Maintaining Promoter level NPS score by identifying process gaps and working towards closing the same. Monitoring market trends and regulatory changes to proactively manage risks and ensure compliance.

• Drive a portfolio of 100 million INR in Accounts Receivable for Key Accounts.
• Excelled in managing overdue at less than 5% and DSO of 15 days.
• Verified discrepancies and resolved clients' billing issues.
• Reconciled daily AR ledger and verified proper posting.
• Monitored collection trends, compiling reports for company leadership to inform decision-making.
• Built positive relationships with customers to increase repeated business.
• Liaison with auditors to resolve queries raised during auditing.

• Handled booking Accounts Payable Invoices and processing payments of sourcing agents.
• Involved in Month-end, quarter-end, and year-end closing.
• Responsible for keeping controls of daily cash flow to ensure that there are no idle funds in system.
• Vendor management and coordination with dealership.
• Preparing cash flow forecast summarizing cash movements.