Prakasha TC
Bengaluru
Summary
Experienced Vendor Manager with over 14 years of successful track record in managing vendor relationships, negotiating contracts, and optimizing supply chain operations and Vendor financial- Budgeting, forecasting, accrual & Variance analysis. Proven ability to drive cost savings, improve vendor performance, and enhance overall business efficiency. Strong communication and leadership skills with a focus on fostering collaborative partnerships.
Overview
14
14
years of professional experience
1
1
Certification
Work History
Assistant Vice Precedent (Financial Analyst)
Wells Fargo
Bangalore
11.2022 - Current
- Successfully managed a vendor portfolio valued at $50 million, overseeing relationships, contracts, and performance to drive cost savings and operational efficiencies
- Proficient in negotiating, drafting, and managing master service agreements (MSAs) to establish mutually beneficial relationship with vendors
- Demonstrated expertise in overseeing vendor contract management process, including negotiation, review, and implementation, to ensure compliance and mitigate risks
- Directed vendor compliance with regulatory standards, ensuring 100% adherence and eliminating potential legal risks
- Skilled in identifying, selecting, and managing vendor resources to meet project requirements, optimize costs, and ensure successful outcomes within specified timeline
- Experience in drafting, reviewing, and executing statement of works (SOWs) to clearly define projects scope deliverables, timelines, and expectations for successful vendor engagements
- Managed the preparations and submission of request for proposal (RFPs), requests for information (RFIs) and request for quotation (RFQs) to facilitate the selection process and drive cost effective procurement strategies
- Partner with the Risk Management team to understand and mitigate risk across the supply base
- Perform different Risk assessments
- Prepare the Risk memo basis on supplier risk ratings
- Prepare supplier contingency plan with help of respective stakeholders
- Supplier Performance & governance – Ensure maximum value is created from our external relationships
- Engaging with suppliers on weekly Scrum, Monthly Governance and Quarterly Business reviews meetings to ensure issues are tracked and escalated to key product and service owners
- To ensure that our suppliers adhere to compliances and risk obligations
- Educated and partnered with Process Owners to conduct initial risk assessments on Third Parties during on-boarding process and ongoing risk assessments throughout the Third-Party relationship
- In collaboration with the financial team, monitoring team/project expenditure, identifying any variances between planned and actual expenditure and reporting.
Vendor Manager
Accenture Services Private Ltd
08.2019 - 11.2022
- Submit sourcing request for new contract and contract renewal and on-board new service/supplier to the group
- Raising Purchase requests & Purchase orders using SAP (ARIBA), working with approvers to ensure POs are released in a timely manner and within the agreed timeframes
- Collaborated with procurement and security functions to develop supplier assurance processes and mitigate supply chain risk
- Raising Purchase requests & Purchase orders using SAP (ARIBA), working with approvers to ensure POs are released in a timely manner and within the agreed timeframes
- Vendor master data management- onboarding new vendor, managing amendment request such as supplier legal name, VAT details and bank information with agreed verification policy
- Submit sourcing request for new contract and contract renewal request and on-board new service/supplier to the group
- Ensured accurate supplier invoicing and service delivery matching
- Worked on invoice processing for payment both Po & Non-PO invoice with 3 way and 2-way match
- Performed on deep data analysis on payments on time, missing invoice, rejection payments and supplier tickets/internal tickets
- Having a proven ability to lead by example, consistently hit Service Level Agreements (SLA) and Key Process Inputs (KPI) targets, improved best practices, and organize time efficiently.
Team leader
Accenture Services Private Ltd
08.2012 - 11.2019
- Preparing Daily workloads for AP Clerks & Coordinating the daily allocation of work
- Motivating the team to achieve high standards SLA (Service Level Agreements) and KPI targets
- Monitoring the process inflow and productivity of the team members
- Developed Operational Excellence Metrics (SIPOC, High Level Process Map, Failure Mode Effective Analysis, Standard work Instruction with Control Plans), Quality Metrics for the process and showing the critical performance levels through visual boards (Digital Floor Initiatives)
- Maintained Supplier and Shared Service Center reputation: Oversee and manage performance SLA and service quality to guarantee customer/stakeholder satisfaction
- Performed deep data analysis on Payment on Time, Invoice Missing Information and Supplier Tickets/Internal Tickets Turnaround time and presented systematic data analysis enabling the project manager for delivering the project milestone.
Process Associate
Hewlett Packard
04.2010 - 07.2012
- Worked for US region handing both PO and Non-Po based invoices with 3 way and 2-way match
- Worked on Aged invoices, Invoice on hold due to missing Po or GR cases to make sure the payment
- Rejection validation and Support payment team with payment queries from supplier and resolved unpaid invoices
- Handling generic email box
- Performed on Invoice Duplicate Repo
Education
MBA - Finance & marketing
Sambhram Academy of Management Studies
Bangalore01-2009
BBM - Finance & Marketing
RC College of Commerce
Bangalore01-2006
Skills
- Vendor Management
- Vendor Financial Planning and Analysis
- Strategic Sourcing
- Supplier relationship management
- Stakeholder management
- Effective negotiation
- Procurement
- P2P process transformation
- Team Leadership
Accomplishments
- Travel experience: Successful onsite transition of Vendor management and Payment’s process for Central Eastern Europe (Germany, Slovakia) at Accenture
- Online transition -Successfully downloaded online transition from US to India for technology finance team- Accrual, Forecasting Budgeting, variance analysis and Vendor management at Wells Fargo.
Certification
- Power BI (Beginners)
- Alteryx (Beginners)
- Successful Negotiation
Languages
- English, Professional
- Hindi, Beginners
- Kannada, Native
Timeline
Assistant Vice Precedent (Financial Analyst)
Wells Fargo
11.2022 - Current
Vendor Manager
Accenture Services Private Ltd
08.2019 - 11.2022
Team leader
Accenture Services Private Ltd
08.2012 - 11.2019
Process Associate
Hewlett Packard
04.2010 - 07.2012
MBA - Finance & marketing
Sambhram Academy of Management Studies
BBM - Finance & Marketing
RC College of Commerce
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