Key Functions

  • Activities of Accounts and Finance teams
  • Funds management & planning
  • Banking relationship
  • MIS reporting
  • Peer meetings and inputs
  • Compliances
  • Costing and Analysis

Objectives

  • Financial numbers are accurate and online at any given point of time thru the prescribed system
  • Relevant MIS reports are designed and provided to management in time for decision making
  • Playing a crucial role in financial and investment decisions
  • There are no compliance challenges
  • Funds are managed and deployed in most effective way to maximize gains
  • Accounts and finance teams are managed closely and efficiently
  • Cordial relationship with bankers for managing credit
  • Improve the ROI and valuation of shares
  • The systems that work for any type of industry namely manufacturing, trading and service

Activities

  • Funds management – To put company’s funds to the best utility and for the purpose assigned / earmarked
  • Conducting periodic review sessions on financial and commercial numbers with management and other HOD’s
  • Periodic decision making MIS and MCS reports – Aligned to existing client system and to the business needs
  • Costing for all products manufactured / traded – Order-wise profitability and setting targets
  • Minimizing costs wherever possible and to set clear process of expense approvals and spending without deviation
  • Monitoring the budgets vs actual – revenue and expenses, ensuring its adherence and acting as the whistleblower when there is a deviation
  • Supporting in implementing ERP or any other enterprise-wide system in an organization by creating the SOP for commercial, finance, compliance, purchase, manufacturing and accounts functions

Working Capital Management

  • Funds Flow Management
  • Past and projected
  • Long term and short term
  • Bank facilities management
  • Optimum utilization of limits – Cash credit (OD / Packing Credit),
  • Letter of Credit, Letter of Guarantee, Term Loan
  • Interest control
  • Foreign exchange
  • AR and AP management
  • Ageing analysis
  • Payment planning for AP
  • Mechanism for automatic follow up and escalation
  • Inventory management
  • Physical inventory
  • Systemized
  • Deposits, Advances, Statutory Receivables and others
  • Online tracking
  • Mechanism for automatic follow up and escalation