Sharat Deshpande
Bengaluru
Summary
Architect for Procure to Pay space with total 14 years of experience in managing the PTP Governance in a shared service environment, expertise in People, Stakeholder & Project Management. Skilled in establishing GBS/COE model. Solution end to end Invoice to Pay projects | Impacted 70% of inefficient steps | Reduction with 10% workforce cost saved Impacted 65% approx touchless Invoice to Pay | Revenue generated of AUD 2 million Positioned customized Innovation process controls | Zero attrition in 1.5 years. A Vision to execute a strategy of One universe, One Source to Pay process and One platform.
Overview
14
14
years of professional experience
1
1
Certification
Work History
Accounts Payable Manager
IBM India Private Limited
12.2016 - 05.2024
- Implemented touchless Procure to Pay process, achieving a 80% reduction in processing time and a 20% decrease in error rates, leading to significant cost savings
- Collaborated with cross-functional teams to gather requirements and successfully implemented new tools and technologies, resulting in a 20% increase in process efficiency and streamlined operations
- Led the development and implementation of a strategic plan for transforming the Procure to Pay process, resulting in a 70% process step reduction and strengthening vendor relationships
- Streamlined the exception Procure to Pay space, effectively reducing processing time by 10% and optimizing resource utilization
- Re-engineered process roadmap from As is - to be process, demonstrating a 25% improvement in process flow and substantial cost savings
- Monitored and reported on the effectiveness of the transformation initiatives, tracking key performance indicators (KPIs) and achieving 95% adherence to SLAs, ensuring operational excellence
- Managed change management efforts, ensuring successful adoption of new processes and technologies, resulting in a 5-10% approx. increase in employee engagement and productivity
- Identified operational risks and areas for cost saving, leading to annual cost savings of AUD 2 mill through strategic optimizations
- Overseeing a team of 22 skilled members inclusive of Leads in End to End Procure to Pay operations, providing career counseling and feedback, resulting in a positive improvement in team performance and morale
- Developed strong relationships with stakeholders and external partners, including vendors, improving vendor satisfaction and enhancing collaboration
- Delivered end to end Procure to Pay quality Governance in GBS/COE model, ensuring adherence to industry best practices and standards.
Financial Analyst
Accenture India Private Limited
12.2012 - 12.2016
Subject matter expert (P2P)
Verification Associate
First Advantage Offshore Services
04.2011 - 12.2012
- Authenticated hiring cases for critical clients to ensure accurate computerized record uploads and prescribed maintenance
- Verified and validated information for all cases, operated data entry devices, and prepared documents for candidates.
Senior Associate
Wipro BPO Limited
01.2010 - 04.2011
- Order Management Team
Education
BBA - Accounting And Finance
Karnataka University
Hubli, India07.2009
Skills
- People Management
- Accounts Payable AP
- Procure to Pay
- Service Delivery
- Process Improvement
- Stakeholder Management
- Oracle
- SAP Ariba
- Fieldglass
- S/4 Hana
- ABBYY OCR
- Kofax
- Project Management
- Power BI
- OBIEE
- GST / TDS
- Business Process Improvement
- Internal Controls
- Interpersonal
- Problem Solving
- Business Case Preparation
- Process Evaluation
- Process Improvement Tools
- Value Engineering
Sociallinks
https://www.linkedin.com/in/sharatdeshpande-573238224/
Certification
License to Hire
Accomplishments
Project - 1
Power App tool implementation, supported this initiative for E2E Invoice to Pay process (6 months) IBM.
- Objective to eliminate Manual, muda process and pay on time to suppliers
- Visioned As is - to be process with projected roadmap with estimated efforts & duration.
- Onboarded Power app tool, collaborated and tested with RPA team to customize according to business need
- UAT performed in customized Power app tool for simple, medium, complex, english and non english language invoices.
- Created L5 DTP and received sign off.
- Trained all end users with NWOW and went live.
Impact and Results:
• Eliminated 80% of manual process with inefficient steps
• Workforce of 10% cost saved.
• Invoice Processing efficiency increased to 80%
• Pay on time to supplier increased to 75% from 65% approx.
Project - 2
ABBBY OCR tool implementation, led this for E2E Invoice to Pay process (5 months) IBM.
• Objective is touchless Invoice to Pay process Visioned As is - to be process with projected roadmap with estimated efforts & duration.
• Onboarded ABBYY tool, created Centralized RPA Mailbox which is Linked to ABBYY OCR tool.
• Collaborated with RPA team for ABBYY to learn supplier invoices based on AI.
- Recurring connect wth RPA team to increase % in touchless invoice to pay process.
Impact and Results:
• Achieved 65% touchless Invoice to pay
• Pay on time to supplier increased to 80% from 70% approx.
Project - 3
Oracle vendor master clean up,led this operational initiative (6 months) IBM.
- Objective is to keep vendor master records up to date to enable schedule Auto jobs and as a pre migration activity.
- Vendor master records updated for last 18 months active vendors from latest invoice details with necessary procurement/SDM approval
- Coordinated with Oracle and Bank support teams for system data interface and schedule automated job runs.
Impact and Results:
- Enabled 90% Auto Batch payment run with set frequency.
- Auto remittance copy sent to updated remittance email address
- Pay on time to supplier increased to 80% from 70% approx and reduced payment queries.
Timeline
Accounts Payable Manager
IBM India Private Limited
12.2016 - 05.2024
Financial Analyst
Accenture India Private Limited
12.2012 - 12.2016
Verification Associate
First Advantage Offshore Services
04.2011 - 12.2012
Senior Associate
Wipro BPO Limited
01.2010 - 04.2011
License to Hire
BBA - Accounting And Finance
Karnataka University
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