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