PALANISWAMY M
Finance Accounts
Bengaluru
Summary
Experienced Finance Accounts Payable Manager with over 14 years managing end-to-end AP operations, vendor relations, and multi-currency payments. Skilled in driving SOX compliance, team leadership, and process improvements to ensure accurate financial reporting and timely month-end closings.
Overview
20
20
years of professional experience
2
2
Languages
Work History
Associate Manager
ONX Homes India P Ltd
05.2024 - 01.2025
- Led end-to-end finance operations across Accounts payable (AP), Vendor Master data (VMD), Collections, Bank reconciliations, and Finance Helpdesk, ensuring accuracy, compliance, and operational efficiency.
- Managed all AP disbursements (ACH, wire, check, and manual payments) with zero duplicate transactions, while monitoring AP aging to reduce risk and optimize working capital.
- Reviewed and approved the journal entries for GL, intercompany transactions, GST & TDS, OPEX/CAPEX accruals, payroll, T&E, and credit card expenses during month-end close.
- Supervised and mentored AP/AR teams, driving KPI performance, process accuracy, and policy compliance.
- Enforced strong internal controls and segregation of duties, maintaining 100% accuracy and mitigating fraud risks.
- Built effective relationships with vendors and auditors, ensuring timely issue resolution and audit readiness.
- Product based company
Assistant Manager
M/s. Sutherland Global Services Ltd
05.2023 - 09.2023
- Led the Accounts Payable (AP) team, managing Invoice processing, vendor payments, bank reconciliations, helpdesk operations, and vendor master data (VMD).
- Supervised and coached team members, resolving escalations, ensuring timely reporting, and driving process efficiency through root cause analysis.
- Chaired recruitment processes, conducting interviews, shortlisting candidates, and providing feedback and hiring recommendations to management.
- Collaborated cross-functionally to ensure compliance with internal controls, financial policies, and audit readiness.
- Maintained strong vendor relationships to facilitate smooth operations and timely query resolution.
- Drove process efficiency through detailed root cause analysis, identifying bottlenecks and implementing improvements.
Team Leader
Cognizant Technology Solutions India Pvt. Ltd
06.2021 - 05.2023
- Led End-to-End AP Operations: Oversaw the full accounts payable cycle including invoice processing, approval workflows, payment execution, and vendor reconciliations, ensuring compliance and timely reporting.
- Team Leadership & Development: Managed a cross-regional AP team; assigned tasks, AP Check list, tracked KPIs, conducted performance reviews, and implemented training programs to enhance team efficiency.
- Vendor Management (Global Scope): Maintained strong international vendor relationships, managed onboarding, resolved disputes, and ensured timely resolution of queries.
- Month-End & Year-End Close: Directed AP sub-ledger closings, posted accruals such as Goods in Transit and unbilled expenses, and supported financial reporting with accurate reconciliations.
- Compliance, SOX & Internal Controls: Enforced internal controls, supported SOX audits, and ensured adherence to global tax policies and audit requirements.
- Multi-Currency Payment Processing: Managed high-volume payment runs via ACH, wire transfers, cheques, and intercompany settlements, eliminating duplicate and fraudulent transactions.
- Reconciliations & GL Integrity: Reviewed and approved reconciliation of AP sub-ledger to GL, vendor statements, and bank accounts, ensuring financial data accuracy.
Senior Analyst
Accenture Services Pvt Ltd
03.2007 - 02.2020
- Supervised the Accounts Payable team, ensuring accurate and efficient execution of daily tasks including invoice processing, vendor payments, and debt collection.
- Supported invoice processing for both 3-way match PO invoices and non-PO invoices, ensuring accurate GL coding and timely system approvals in the workflow.
- Prepared and submitted payment proposals to the Treasury team, enabling effective cash flow management and on-time disbursements.
- Maintained updated foreign exchange (forex) rates for multi-currency accounting, supporting accurate financial entries and reporting.
- Liaised with banking partners to prevent duplicate payments, demonstrating strong attention to detail and issue resolution capabilities.
- Streamlined vendor onboarding, reducing turnaround time from 5 to 3 business days, accelerating vendor payments and improving supplier satisfaction.
- Developed comprehensive SOPs using advanced process mapping tools, driving operational transparency, consistency, and control.
Junior Accountant
M/s. Inlott Technologies Pvt. Ltd
01.2005 - 01.2007
- Posted sales, purchase, payment, and receipt journals with accuracy and timeliness.
- Reconciled Bank statement, vendor/Debtor’s statement.
- Maintained stock records, petty cash, and staff travel expenses, ensuring compliance.
- Chased overdue customer for payments, contributing to improved cash flow.
- Prepared Quarterly Profit & Loss (P&L) statements and Balance Sheets, ensuring accuracy and timely financial reporting for management review.
Knowledge Transfer
Carillion
01.2007 - 12.2007
- Invoice process and payment
- Refined efficiency by 20% in Accounts Payable by leading successful KT to offshore center in Chennai
Coop Market
01.2008 - 01.2008
- Debt Collection
- Coordinated and completed the end-to-end transition of the debt collection process from Sweden to Chennai.
- Achieved process stabilization, reducing transition time by 30%, by ensuring a seamless handover.
British Airways
01.2015 - 12.2015
- Payment Process and vendor Reconciliation
- Thrive UK Accounts Payable efficiency by 30%.
- Improved operational efficiency by 20% by leading a team of 15 during the onshore transition process.
British Airways
11.2013 - 01.2014
- Payment process
- Invoice process and payment
- Increased efficiency by (30%) by transitioning AP processes from onshore to offshore for the Middle East and Europe
Indo-Rama Ventures Group
06.2021
- End to end AP and AR
- Led the AP/AR process transition for the Philippines client, ensuring zero disruption
Education
D.B Jain College
Chennai, India01.2004
MBA - undefined
Madras University
Chennai, India01.2025
Skills
Excellent leadership
Accomplishments
- Eliminated duplicate payments: Developed and implemented a macro-driven mini-bot for duplicate checks, increased from 95% to 99.9% financial accuracy.
- Vendor Reconciliation Success: Led $7.3 million overdue clearances.
- Negotiated vendor payment terms: Improving cash flow management and reducing late payment penalties by 10%. Managed $5 million monthly invoices.
- Led SAP implementation: Led successful SAP implementation which optimized AP process and reporting.
Timeline
Associate Manager
ONX Homes India P Ltd
05.2024 - 01.2025
Assistant Manager
M/s. Sutherland Global Services Ltd
05.2023 - 09.2023
Team Leader
Cognizant Technology Solutions India Pvt. Ltd
06.2021 - 05.2023
Indo-Rama Ventures Group
06.2021
British Airways
01.2015 - 12.2015
British Airways
11.2013 - 01.2014
Coop Market
01.2008 - 01.2008
Senior Analyst
Accenture Services Pvt Ltd
03.2007 - 02.2020
Knowledge Transfer
Carillion
01.2007 - 12.2007
Junior Accountant
M/s. Inlott Technologies Pvt. Ltd
01.2005 - 01.2007
MBA - undefined
Madras University
D.B Jain College