Summary
Overview
Work History
Education
Skills
Certification
Accomplishments
Languages
Trainings Attended
Personal Information
Timeline
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Periyasamy Matheswaran

PeriyamolaPalayam

Summary

Dynamic Accounts Payable Assistant Manager at Accenture, skilled in vendor management and financial reconciliation. Proven track record of streamlining invoice processing, enhancing compliance, and training teams. Adept at utilizing Oracle for efficient operations while fostering strong relationships with stakeholders to resolve discrepancies and improve workflows.

Overview

16
16
years of professional experience
1
1
Certification

Work History

Accounts Payable Assistant Manager

Accenture Private Limited
Bengalure
02.2020 - Current
  • Managed invoice processing using advanced accounting software systems.
  • Oversaw vendor relationships to ensure timely payments and resolve discrepancies.
  • Coordinated monthly reconciliations, verifying accuracy of accounts payable records.
  • Led team meetings to discuss workflow improvements and share best practices.
  • Trained new staff on accounts payable procedures and system usage.
  • Reviewed expense reports for compliance with company policies and procedures.
  • Assisted in the development of internal controls for financial reporting accuracy.
  • Analyzed payment cycles to streamline processes and reduce processing time.
  • Identified areas for process improvement within the department.
  • Provided customer service to internal departments regarding payment inquiries.
  • Created new vendor accounts, updated existing vendor information, and managed all related documentation.
  • Performed special projects as assigned by senior management.
  • Generated checks and processed electronic transfers of funds to vendors.
  • Trained new employees on Accounts Payable procedures.
  • Researched complex financial transactions as needed.
  • Managed the Accounts Payable mailbox for incoming emails from suppliers regarding payment status and account reconciliation requests.
  • Ensured compliance with federal and state tax laws pertaining to Accounts Payable activities.
  • Analyzed vendor accounts, identified discrepancies, and initiated resolution of issues.
  • Developed and maintained accounts payable reports to ensure timely payments were made in accordance with company policy.
  • Assisted in the preparation of budgets and forecasts as requested by management.
  • Monitored cash flow projections to ensure sufficient funds are available for payments.
  • Developed and maintained relationships with vendors to ensure timely payment of invoices.
  • Maintained records of disbursements including check numbers, dates paid, amounts paid.
  • Coordinated with vendors on invoice disputes or discrepancies.
  • Reviewed and verified invoices, purchase orders, and other documents for accuracy.
  • Assisted in developing policies and procedures related to Accounts Payable operations.
  • Prepared monthly reconciliations of vendors' accounts.
  • Participated in month-end closing activities related to Accounts Payable transactions.
  • Conducted periodic audits of Accounts Payable processes to detect potential errors or fraud.
  • Developed relationships with external auditors during annual audit process.
  • Handled high-volume invoice processing with minimal supervision.
  • Managed bookkeeping and accounting systems and completed data entry with accuracy and efficiency.
  • Reconciled monthly statements and transactions to keep records accurate and current.
  • Assisted with month-end and year-end closings to support accounting system accuracy.
  • Problem-solved accounts payable questions on behalf of internal team members, management and vendors.
  • Liaised with vendors and customers to confirm information and address client issues.
  • Worked closely with department personnel to produce accurate and timely bills.
  • Assessed data and information to check entries, calculations, and billing codes for accuracy.
  • Coded invoices to maintain organized and accurate records.
  • Prepared and updated vendor files, tax documents and insurance information.
  • Analyzed invoice and expense reports, identified variances and researched issues to correct problems and maintain financial compliance.
  • Applied mathematical skills to calculate totals, check figures, and correct problems with physical and digital files.
  • Supported senior leadership by producing month-end closing reports and advising on remittance for quick resolution.
  • Verified, classified, computed, posted and recorded accounts payable data and reconciled daily totals to confirm proper accounting.
  • Calculated month-end accrual entries for trade payables.
  • Addressed month-end closing functions for detailed reporting.
  • Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions.
  • Checked payroll, vendor payments and other accounting disbursements for accuracy and compliance.
  • Created and updated financial reports on frequent basis to present information to leadership teams.
  • Managed relationships with tax authorities, bankers and auditors.
  • Coordinated preparation of external audit materials and external financial reporting.
  • Maintained regular performance appraisals for subordinates through verbal, written and on-going review programs.
  • Analyzed actual financial results to budget, preparing variance reporting to functional groups.
  • Developed invoicing systems and internal controls to boost billing efficiencies.
  • Conducted reviews and evaluations for cost-reduction opportunities.
  • Analyzed competitors and market trends to facilitate business growth.
  • Created financial management mechanisms to minimize financial risk to business.
  • Coordinated approval or rejection of lines of credit or commercial, real estate or personal loans.
  • Built financial models to allocate resources, forecast cash and investment needs and make capital budgeting decisions.
  • Developed or analyzed information to assess current or future financial status of firms.
  • Recommended new financial and accounting software packages. replacing various non-integrated offerings.
  • Communicated with stockholders or other investors to provide information or raise capital.
  • Invested funds and recommended appropriate dividend issuances based on historical dividend patterns and expected cash flows.
  • Used hedging to mitigate financial risks related to interest rates on company's borrowings.

Executive - Team Leader (Accounts Payable)

WIPRO LTD
Chennai
05.2015 - Current
  • MEC – (Month End Close)
  • Perform accounting from accounts payable functions for a world-class retailer company which existing in worldwide.
  • Validate, account & Transfer the entries to GL by running programs on daily basis.
  • In-charge for monthly book close & book open for AP all regions.
  • Before proceeding book close ensure that all the invoices must validate & accounted. To ensure run a program from AP end.
  • If facing any constrain like unable to validate/account the entries, take it up to client’s attention once they approved 'Sweep' the transactions to next month try to fix the issue in next period with help of IT support.
  • Generate system accruals for expense/non-merchandise PO’s at month end & ensure all got are reversed in the subsequent month.
  • To identify open/pending inventory accrual through Load run program after payables book close.
  • Prepare manual JV’s which relates to inventory write-off (along with business approval) and if there are any entries 'Sweep' prepare a JV to post in next period.
  • ARR - (Accrual Rebuilt Reconciliation)
  • Once load-run program completed inventory accrual details will appears in OBIEE (Oracle Business Intelligence Enterprise Edition), it is a separate database to pull the Oracle data with required fields.
  • After receiving OBIEE data update the division details based on MU, segregate the financial year, split the fully matched transactions & identify the investigation part.
  • Investigating on open accruals for Inventory items which are not invoiced against the receiving for >30 days transactions.
  • To close open transactions, chase the invoice copies from buyer/planner/division head.
  • If there any transaction might invalid confirmed by buyer/planner/division head request them to perform returns, in case unable to perform returns will write-off the receiving from AP end with their confirmation. Same has been communicating to Business finance team; let them know to impacts in their departments.
  • Reconciliation:
  • To perform monthly reconciliation for all AP related major accounts
  • Vendor Liability
  • Direct Material
  • Indirect Materials
  • Trade Receivables
  • To prepare quarterly balance sheet review file for CFO’s review.
  • Statement of Accounts:
  • Objective of reconciliation is an accumulation of outstanding payments in vendor books. Upon their SOA do reconciliation with AP books like (Invoices are in schedule for payment, not yet submitted, submitted pending for exception etc.,)
  • Cleared backlog in major suppliers at initial stage which help to sustain good again.
  • Rout supplier in right path to clear their Price Discrepancy both Debit/Credit values in part of ERS.
  • From our investigation caught duplicate billing which done by requestor/buyer, rectify it by getting credit note from supplier for value 128K USD.
  • Conversation between Supplier and Buyer which create complication each other, suggested and direct them in right path to settle the issue in ERS. Our root cause has been appreciated by off-shore AP team, from Wipro end our VP appreciated us.
  • Beyond from Process:
  • Apart from the above doing reconciliation in mail rooms to ensure invoices are uploaded in SFTP (Secure File Transfer Protocol), preparing/publishing unpaid invoice details from same repot segregating the IOH (Invoice On Hold) transactions to respective team, extract & share unpaid report to Treasury team for their funding forecast.
  • Pull several reports from Hyperion per internal/external requirement.
  • Did a testing and enhancement it for following process:
  • Automation Write-off hitting into incorrect NA, did enhancement in Oracle to hit correct NA & MU which excludes JV progress and different level of approvals from Cost Accounting team.
  • Earlier Accounting & validation are done for each operating units (104) and extract its outputs for each OU’s for all the three transactions (104
  • 3 = 312), upload it in Box then send notification to client. Now process automated, trigger only for SOB’s (12) once completed output files are upload by program into Box after the completion status will be communicated to client by the same program.
  • OIR – Run a report for (104) OU’s to prepare Vendor Liability reconciliation, it were automated to get the same details in single report.
  • Ongoing automations, Receipt match enhancement and Receipt accrual enhancement.
  • Internally progress is going on to simplifying flow of scanning & invoice processing, it almost completed waiting for client approval.

Process Associate (Accounts Payable)

TATA CONSULTANCY SERVICES LIMITED
Chennai
07.2012 - 05.2015
  • Performed accounts payable functions for a world-class retailer company which existing in U.S.A.
  • Handled the processing, distribution, accuracy verification of invoices, Interfacing extensively with a worldwide network of vendors and suppliers.
  • Managed the accurate and timely processing invoices, averagely we received 3500 per month.
  • A/P books closure activity carried on a monthly basis and resolved various issues involved while processing the payment.
  • Resolved months of backlogged work, resulted to stabilize the process.
  • Researched and corrected invoice processing errors and also cross currency payments.
  • Handled P1 payment reconciliation process for multiple retail stores (located in U.S.A and Canada) on weekly basis (Every Wednesday).
  • Promoted to quality audit associate for both Merchandise, Non-Merchandise & Coupa invoices within the short span of time (10 months).
  • Handling with multiple reports such as Vendor liability report, Currency validation report, Priority payment preliminary report reconciliation, Oracle Vs. WFT report, Feature dated report, Invoice level hold’s report and PO (Purchase Order) Hold’s report.
  • Consistently maintained accuracy in processing the payments after considering the discounts and interest percentages.
  • Demonstrated the ability to fill in at a moment’s notice, quickly mastering new systems, processes and workflows.
  • Coupa is one of the tool which avoid the manual intervention for service related invoices, we suggested the departments how to handle it and we prepared a SOP for this new process.

Junior Accountant

Kamal Udin Auditor Office
Bhavani
04.2010 - 06.2011
  • Processing an entries in Tally for Mobile shop, Medical Shops etc., preparing a balance sheet during the Year end.
  • One time I have filing the sales tax in Tax authority with help of my senior.

Education

Bachelor of commerce -

KSR College of Arts and Science
Tiruchengode
04.2012

High School Diploma -

Grace Higher Secondary School
Bhavani
03.2009

High School Diploma -

Grace HigherSecondarySchool
Bhavani
04.2007

Skills

  • MS Office
  • Invoice processing
  • Vendor management
  • Financial reconciliation
  • Internal controls development
  • Data analysis
  • Compliance auditing
  • Team leadership
  • Process improvement
  • Effective communication
  • Problem solving
  • Time management
  • Training and development
  • Customer service
  • Tax compliance
  • Payment scheduling
  • Purchase order management
  • General ledger maintenance
  • Audit support
  • Oracle
  • Coupa

Certification

  • Tally ERP 9.0
  • Diploma in Computer Application

Accomplishments

  • Star Performer, 11/15/12, For outstanding contribution & quick learning.
  • Best Performer of the Year, 12/01/13
  • Star of the Quarter Award, 2016, Received twice in a year.
  • Team Award, 11/01/16, For sustaining zero accrual in >90 aging.
  • R&R Award, 01/01/17, For stabilizing the Coupa process.

Languages

  • Tamil
  • English

Trainings Attended

  • Accounts Payable-Invoice Processing – ILT
  • Accounts Payable-Debit Balance – ILT
  • Accounts Payable-Vendor Support – ILT
  • Excel VBA - ILT
  • Base Harmony Wipro reporting tool (SOP) - ILT
  • SME - ILT

Personal Information

  • Father's Name: Matheswaran T.P
  • Date of Birth: 07/30/92
  • Gender: Male
  • Nationality: Indian

Timeline

Accounts Payable Assistant Manager

Accenture Private Limited
02.2020 - Current

Executive - Team Leader (Accounts Payable)

WIPRO LTD
05.2015 - Current

Process Associate (Accounts Payable)

TATA CONSULTANCY SERVICES LIMITED
07.2012 - 05.2015

Junior Accountant

Kamal Udin Auditor Office
04.2010 - 06.2011

Bachelor of commerce -

KSR College of Arts and Science

High School Diploma -

Grace Higher Secondary School

High School Diploma -

Grace HigherSecondarySchool

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Periyasamy Matheswaran