Cashflow management/Accounts Payable / Banking / Foreign Pay-outs / Treasury Management
- Prepare Yearly/Monthly/Weekly cash flow & carry out variance analysis with budget vs actual spend.
- Manage banking relationships & ensure smooth functioning of CMS/centralised payment solution and resolving any issues with bank.
- Ensure adherence of FEMA regulations including withholding tax compliances for all foreign payments & documentation.
- Periodic IDPMS/EDPMS reconciliation & sorting out any issues with Bank.
- Ensure efficient treasury management with efficient coordination with AR collection team & minimum use of overdraft facility.
- Coordination with export clients for LC management & related documentation.
- Coordination with operations team for custom related documentation, arranging GR waivers from the bank etc..
- Weekly Creditors Review.
- Ensure vendor payments processing as per the agreed payment terms/aging balances.
- Ensure timely payments of recurring & fixed expenses like rent/utility payment, Employee reimbursements.
- Ensure monthly reconciliation of corporate credit card expenses.
- Review & upload bank payment file as per bank’s format ensuring correct account details of vendors/employees as per SAP master data.