Oracle PeopleSoft
Lokesh Sanghi
Senior Accounts Payable Executive
Delhi
Summary
Experienced accounting professional with over 6 years of expertise in accounts payable processes. Achieves 100% accuracy in invoice handling, excels in vendor management, and thrives in fast-paced environments. Skilled in process optimization, vendor relations and financial reporting. Eager to take on more responsibilities to support team objectives. Seeks a company that values intelligent, financially savvy individuals looking to advance their career in the payments industry.
Overview
7
7
years of professional experience
6
6
years of post-secondary education
2
2
Languages
Work History
Senior Accounts Payable Executive
The Economist Group
12.2022 - Current
- Processed more than 1000 invoices every month, making sure they adhered to company policies and keeping payment schedules on track.
- Managed high-volume invoice processing for accurate and efficient payment of vendors, ensuring business continuity.
- Coordinated month-end closing activities, reconciling accounts payable ledger to ensure all transactions were accurately recorded within reporting deadlines.
- Managed the onboarding process for new vendors and employee for reimbursements, including the collection and verification of necessary documentation (W-9/W-8 forms, supplier/employee forms) to ensure compliance with company policies.
- Maintained up-to-date vendor information in the accounting system, ensuring accurate contact details for seamless communication channels.
- Improved invoice approval workflow by collaborating with department heads to establish clear guidelines for authorization levels.
- Verified employee expense claims for compliance and facilitated prompt reimbursements.
- Managed weekly vendor and employee payment runs for UK, US and APAC region, ensuring accurate and timely disbursements to support ongoing operations.
- Assisted in creating and implementing standard operating procedures (SOPs) for accounts payable, enhancing efficiency and accuracy.
- Monitored and managed the AP shared mailbox for APAC, US and UK region, responding to vendor inquiries and stakeholders/ employees requests promptly to maintain smooth communication.
- Processed urgent payment requests to ensure critical vendors received timely payments for Economist events.
- Ensured accurate VAT application in the UK and managed GST and withholding tax compliance in India.
- Facilitated audit requests by organizing and providing relevant financial documents to ensure compliance with audit requirements.
- Ensured compliance with internal controls and regulatory requirements through regular audits and adherence to company policies.
- Liaised with internal departments to resolve intercompany billing discrepancies promptly, promoting cross-functional collaboration.
Senior Accounts Payable Analyst
Better.com
11.2022 - 12.2022
- Reviewed and processed invoices in a timely manner, ensuring accuracy and compliance with company guidelines.
- Completed training in Netsuite and Coupa for effective handling of invoice processing and vendor requests.
- Received training in Concur for efficient processing of employee expense claims, ensuring timely reimbursements and adherence to company policies.
- Handled various tickets for vendor queries and internal stakeholders and closed them within 24 hours.
- Collaborated with internal departments for effective communication and resolution of discrepancies in invoicing and payments.
Accounts Payable Specialist
Jones Lang Lasalle (JLL) India
05.2020 - 10.2022
- Managed the efficient and timely processing of up to 1,400 invoices each month, ensuring adherence to established procedures and addressing complex invoice issues.
- Processed invoices and journal entries with efficiency and accuracy, resulting in decreased discrepancies.
- Oversaw accounts for over 300 vendors, responding to payment inquiries within service level agreements (SLAs) and fostering positive vendor relationships.
- Reconciled vendor statements, investigated discrepancies, and communicated effectively with vendors to resolve issues through documentation exchanges.
- Reached out to vendors and customers to verify information and follow up on client issues.
- Prepared and submitted monthly reports and trackers to stakeholders, offering insights into accounts payable activities and vendor payments.
- Conducted three-way matching of purchase orders, goods receipt (GR) documents, and vendor invoices, making necessary adjustments to prevent overpayments.
- Allocated expenses to the correct accounts and cost centers, maintaining transaction trackers and following up on overdue invoices regularly.
- Assisted onshore teams during month-end processes to ensure proper funding and timely vendor payments.
- Carried out weekly internal quality checks on processed invoices to identify and rectify errors before vendor payments were made.
Process Associate (Accounts Payable Coordinator)
Capgemini India Limited
09.2018 - 04.2020
- Company Overview: A global leader in consulting, technology services and digital transformation.
- Ensured payments (invoices, expense reports and check requests) for different vendors and employees were processed in a timely and accurate manner.
- Responsible for supporting the accounting operations of the business by processing merchandise invoices, making payments and resolving queries.
- Applied proper codes to invoices, files and receipts to keep records organized and easily searchable.
- Maintained 97% accuracy while processing more than 16000 invoices worth of $70 million within a month.
- Ensure all mails on shared mailboxes and all other queries are answered within the time stipulated under the SLA or as agreed within the department.
- Meet the TAT on daily basis ensuring the vendors and customers receives their payment on time.
- Keep a check on the duplicate payments by maintaining on the records of all the invoices.
- A global leader in consulting, technology services and digital transformation.
Education
MBA - Finance
NMIMS
05.2024 - Current
Bachelors in Business Administration - CAM
Ideal Institute of Management & Technology
08.2014 - 07.2017
XII - CBSE
MCL Saraswati Bal Mandir
04.2013 - 06.2014
X - CBSE
MCL Saraswati Bal Mandir
04.2011 - 05.2012
Skills
Invoice management
Accomplishments
- Rising Star in Capgemini, 01/01/19
- Nominated for Operations Superstar in JLL in Q1, 03/01/21
- Business Superstar Award in JLL, 06/01/21
- Received numerous appreciations and 'Thank you Awards' from Stakeholders, 08/01/20 - 12/01/21
- Received top most rating 'Exceptional' in JLL, 03/01/22
- Received top most rating 'Outstanding' in TEG, 03/01/24
Software
Oracle JD Edwards
Netsuite & Coupa
Microsoft Dynamics System
Corrigo and PDS
Timeline
MBA - Finance
NMIMS
05.2024 - Current
Senior Accounts Payable Executive
The Economist Group
12.2022 - Current
Senior Accounts Payable Analyst
Better.com
11.2022 - 12.2022
Accounts Payable Specialist
Jones Lang Lasalle (JLL) India
05.2020 - 10.2022
Process Associate (Accounts Payable Coordinator)
Capgemini India Limited
09.2018 - 04.2020
Bachelors in Business Administration - CAM
Ideal Institute of Management & Technology
08.2014 - 07.2017
XII - CBSE
MCL Saraswati Bal Mandir
04.2013 - 06.2014
X - CBSE
MCL Saraswati Bal Mandir
04.2011 - 05.2012
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