FINANCE SET-UP – A leading direct-to-home (DTH) satellite television service provider in India.
Problem Statement
• The industry being new to the Indian environment posed challenges in setting up systems and processes without any benchmarks.
• There was a lack of experienced resources in this field.
• The business and systems implementation was done from scratch (green field implementation).
Solutioning
• Successfully implemented SAP FICO (Financial Accounting and Controlling) together with P2P and O2C cycles, followed by two subsequent upgrades.
• Designed robust interfaces connecting revenue billing, purchase, and sales system applications, such as billing engine, with SAP for seamless integration and comprehensive accounting. These interfaces enable the smooth flow of data between systems, ensuring accurate and real-time financial information across the organization.
• Designed monthly Management Information System (MIS) reports for accounts, taxation, and senior management, initially leveraging data from SAP and subsequently from SAP-BW (Business Warehouse).
• Led the comprehensive integration of finance systems with other business verticals, encompassing both business and systems integration requirements. This involved coordinating and aligning finance-related processes, data, and systems across various departments and functions.
• Established and managed an 8-member team responsible for handling subscriber collections from diverse sources, including voucher sales, online transactions, bulk sales, and more
• Orchestrated the complete setup of the revenue accounting and reconciliation process, encompassing subscriber billing and Customer Relationship Management (CRM) systems. This involved designing and implementing robust mechanisms to accurately capture and reconcile revenue data, ensuring consistency and reliability.
• Conducted ongoing and proactive reviews of accounting practices and systems, consistently assessing their alignment with new business developments and changes in the systems environment. This process involved identifying areas for improvement and implementing necessary upgrades to ensure the organization's accounting processes remained up-to-date and optimized.
• Developed and published comprehensive business and system process Blueprints, which served as the approved guidelines for performing every finance-related process within the company. These Blueprints detailed standardized procedures, controls, and workflows, ensuring consistency and compliance across the organization.
MISSION
To develop and maintain long lasting and healthy client relationships by providing state-of-the-art technological solutions through continuous support and enhancement thus creating an environment of trust and respect.
VISION
To be the benchmark for Program/Project Management in Business Consulting and process definition domain that creates innovative aspects of Financial Solutions
To be recognised for the integrity of our people, the ethics of our business practices and the quality of our service.