Sritam Senapati

(A Leading CA Firm headquartered in Chennai well known for providing services in Management Consulting, Corporate Finance, Taxation & Internal Audit with 80+ employees & 1000+ Clients)

Internal Audit :

· Conducted control test for various business processes including P2P, O2C, R2R, payroll, cash & bank and fixed assets .

· Reviewed and tested internal financial controls as per IFC guidelines and identified control gaps, resulting in the recommendation of process improvements.

· Tested and evaluated the design and effectiveness of controls, including segregation of duties, resulting in the identification of material weaknesses.

· Utilized data analytics and audit trail analysis to identify exceptions and anomalies in the control environment, resulting in improved efficiency and accuracy of processes.

· Conducted controls self-assessments and coordinated with internal teams to ensure effective and efficient testing of processes.

· Reviewed Vendor Master data and tested invoice processing, purchase order management, and goods receipt and inventory management processes, resulting in improved control and compliance.

· Reviewed Sales order management, billing and invoicing, credit and collections management, and revenue recognition processes to ensure compliance with company policies and procedures.

· Conducted testing of time and attendance tracking, payroll processing and disbursement, and tax compliance to ensure accurate and timely processing of employee pay and benefits.

· Conducted fixed assets acquisition and disposal reviews, reviewed depreciation and amortization schedule, and verified physical assets to ensure compliance with accounting standard and company policies.

Management Consulting (Key Result Areas):

· Achieved a 50% increase in turnover through a Sales Improvement & Analysis Project for a garment manufacturer in Mumbai, enhancing process efficiency and risk management.

· Enhanced sales order fulfillment rate by 78%, boosted daily production by 28%, and slashed defect rate from 1.5% to 0.6% for a garment manufacturer in Maharashtra, demonstrating strong process optimization and quality control.

· Facilitated a 33% decrease in stock and a 36% rise in revenue for a large retail client by developing and executing optimized control frameworks and risk management policies.

· Shifted traditional business through BPR & business automation for departmental Store Business in Thanjavur, Tamil Nadu.

· Led Asset Management Project in a Automobile & Infrastructure Service company in Chennai & made significant impact of in automating various maintenance of assets & records. Optimized service issue handling, slashing resolution time from 10 days to 2.4 days, significantly improving operational effectiveness for a client in Chennai.

· Worked on Projects like ERP Implementation, Payroll Automation , Business Process Automation & Accounting Software Migration.

· Automated statutory compliance such as GST filing, TDS filing to avoid interest & Penalties through google scripts.

· Analyzed and solved complex problems using Scrum, Kanban, CPM, Gantt chart, KPIs, RACI, RnR, MIS .

· Designed P2P, O2C, R2R, HR process . Also helped team to convert prospects by walkthrough, scoping & pitching