Summary
Overview
Work History
Education
Skills
Accomplishments
Timeline
AccountManager

Sarma Sumanam

16+ Yrs Exp | F&A Operations | P2P | Transitions | AR | Concur T&E Management & Compliance | Project Management
Hyderbad

Summary

Proficient at leading teams for running successful process operations & experience of transitions, customer relationship and managing Account Payable, General Ledger for business excellence

A keen planner with expertise in service delivery, streamlining process operations, re-engineering and enhancing operational efficiencies; monitoring and ensuring compliance to the agreed SLAs

Successful Process transition: AP payments and Reconciliations and Inter company transfers from UK, US , Switzerland and APAC locations along with Approvals of SOP and FTE .

Overview

18
18
years of professional experience

Work History

Service Delivery Manager

Cognizant Technologies Pvt Ltd
Hyderabad
07.2022 - Current
  • Handling Global payments and reconciliation process, understanding requirement to process electronic payments in US, UK , Switzerland and APAC locations.
  • GL Reconciliation: Preparations of Monthly Reconciliations for support services, Reconciliation of total payments Vs total cost charged to business, Preparation of Prepayment schedule and Calculation of Accruals with Ageing.
  • Regulatory reporting: GST reporting (SG & AU), VAT reporting (UK) and Sales tax reporting (US) and Escheatment Reporting (Unclaimed property).
  • Global Bank reconciliation and handling M940 clearance process, payment rejections and handling swift messages.
  • Handling Global vendor master data along with SOX requirements and call back process for vendor SSI information confirmation.
  • Handling AU and UK regulatory report for paid on time for small vendor groups and analysis for delay in payment for above's 90days.
  • Leading Keyport payment system implementation project globally. Leading project role AP side, conducting UAT testing, requirement gathering and checking tax requirements as per regional requirements
  • Leading SAP ARIBA P2P implementation project in US, UK and APAC locations. Leading project role AP side, conducting UAT testing, requirement gathering and checking tax requirements as per regional requirements
  • Leading SAP Filed glass implementation project in accounts payable process. Leading resource management and invoice generation
  • Leading SAP AP Intercompany payments automation project. Activities include Payment run, Vendor setup/Master data maintenance, Reconciliations & Testing
  • Implication of Robotic automation Process in Invoice process, reconciliation and payments process with saving of 8FTE. Preparation of project SDD’s and UAT testing of Robotic and work with onshore to get it approved to use in production system

Senior Process Specialist

UBS India Service Center Pvt Ltd
Hyderabad
06.2007 - 12.2009
  • Associate for Accounts receivables process for Penske. Part of AR Billing transition team
  • Process developer for Accounts payable process
  • Responsible for processing, auditing invoices and customer queries @ North America, APAC and EMEA regions
  • Helped training team, by preparing presentations on process related topics
  • Was responsible for driving Lean, six sigma and continuous process Improvement initiatives across process
  • Responsible for handling escalated issues and disputed invoices
  • Responsible for SOP (Standard Operating Procedure) and Process
  • Maps updating as and when process changes are affected
  • Subject matter expert (SME) for Penske AR team and trained 13 associates. Was responsible for mapping Accounts Payable process for Penske and making SOP for same
  • Was part of payment process transition -North America

Senior Process Associate

Promantra Synergy Solutions Ltd
Hyderbad
03.2006 - 05.2007
  • Posting Standard Journal Entries, Accrual Entries, if any, mainly of invoices not within stipulated time.
  • Thorough analysis and generation of month end profit and loss account and examining status of company operations based on balance sheet.
  • Maintain asset accounts and deprecation schedule.
  • Handling overall accounting functions including assisting finalization of accounts. Reconciliation and consolidation of accounts and maintaining accounts.
  • Capitalization of asset accounts
  • Coordination with Statutory and Internal Auditors for finalization of Accounts and other related works
  • Working knowledge in P.F., Professional Tax, T.D.S., Sales Tax, and Income Tax Matters like Completion of assessments, Individual Returns.
  • Attended sales tax assessments & also submission of monthly sales tax Returns. I have look after total stores department. We had issued stock LIFO/FIFO Method.
  • Preparation of Bank Reconciliation Statements, Salary (Payroll), Inventory Statements & MIS Reports.
  • Verification and maintaining of Purchase Department Records Like., Material indents, SRIR Reports, Material Issue Notes, Material Inward Register, Out ward register and other related records.
  • Ensuring accurate processing and cash tallying on sales made. Creditor’s Accounts and Bill processing for suppliers and CFA’s.
  • Generating Management Information Reports for monitoring movement of key business indicators to facilitate decision – Making process by Top Management.
  • Performed quality assurance checks on transactions and account actions to assess compliance with state and federal regulations

Education

Bachelor of Commerce - Accounting And Finance

Sradha Degree College
Ramachandrapurma
04.2001 -

Higher Diploma in Information Systems Management - Computer Science And Programming

APTECH Computer Education
Hyderabad
04.2001 -

IFRS Certification - IFRS

International Academy of Certification & Training
Hyderabad
04.2001 -

Skills

    Accounts Payable P2P and TnE

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Accomplishments

  • Worked on projects in streamlining the imaging application- Invoice review which resulted in huge time savings of approximately 700 hours per annum
  • Worked on Duplicate Vendor Invoice payments project and streamlined the same which has resulted in dollar savings
  • Automated Zero-dollar value invoices which helped us in avoiding rework and resulted in time savings of 250 hours.
  • Streamlined Credit balance invoices which has resulted in huge dollar savings
  • Appreciation from the BU partner, for team’s extraordinary effort in meeting the SLA’s
  • Standardization of payment run / review process across regions in IB which saves 2.8 hrs per day. This project achieved 1 FTE release from WMA process.
  • Implemented various process improvement ideas resulting in productivity benefit of ~6 FTE since 2010.
  • Worked in APAC location accounts payable hubbing project and created centralized process hub at Singapore.
  • Strong experience in process transitions and more than 5 processes transitioned to offshore location at Hyderabad
  • Contributed towards FTE saving by implementing various process improvement ideas. 3 FTE & 100K $ benefit in the last 2 years
  • Contributed towards the SAP Implementation from the legacy system

Timeline

Service Delivery Manager

Cognizant Technologies Pvt Ltd
07.2022 - Current

Senior Process Specialist

UBS India Service Center Pvt Ltd
06.2007 - 12.2009

Senior Process Associate

Promantra Synergy Solutions Ltd
03.2006 - 05.2007

Bachelor of Commerce - Accounting And Finance

Sradha Degree College
04.2001 -

Higher Diploma in Information Systems Management - Computer Science And Programming

APTECH Computer Education
04.2001 -

IFRS Certification - IFRS

International Academy of Certification & Training
04.2001 -

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Sarma Sumanam16+ Yrs Exp | F&A Operations | P2P | Transitions | AR | Concur T&E Management & Compliance | Project Management