Hemant N. Makwana

[email protected] • +91 72086 16720 • Dombivli, Mumbai, India

PROFESSIONAL SUMMARY

Results-driven Accounts Payable Professional with over 8 years of expertise in global invoice processing, vendor management, and bank reconciliation across US, UK, and Swiss markets. Proven ability to optimize payment cycles and enhance invoice accuracy by 15%, ensuring strict compliance with SLAs and KPIs. Skilled in leveraging SAP S/4 HANA, GST, TDS, and GL accounting to streamline month-end closing processes, while leading process improvement initiatives that boosted reconciliation efficiency by 20%. Adept at building strong stakeholder relationships and driving operational excellence to support organizational financial goals.

WORK EXPERIENCE

Global Accounts Payable Administrator
10/2023 - Present
SI Group Limited , Turbhe, Mumbai
• Led end-to-end global Accounts Payable operations processing over 15,000 invoices monthly across US, UK, Switzerland, and additional regions, consistently achieving 98% on-time payment compliance and maintaining SLA and KPI standards
• Implemented robust invoice validation protocols against PO, GRN, GL codes, and cost centers, reducing payment discrepancies by 20% within six months and enhancing accuracy in high-volume invoice processing
• Coordinated with US and UK vendors via email to resolve payment queries and reconcile credit memos, improving vendor satisfaction scores by 15% through timely dispute resolution
• Mentored and supported a team of 5 members, driving process efficiency improvements that decreased invoice processing time by 25%, while leveraging ERP tools to streamline operations and ensure consistent turnaround times
Senior Account Executive
06/2021 - 10/2023
Reliance Retail Limited , Rabale, Mumbai
• Led full-cycle Accounts Payable operations processing over 1,500 invoices monthly, including PO and Non-PO invoices with GST and TDS deductions, achieving a 15% reduction in payment cycle time and saving $120K annually through streamlined workflows
• Implemented rigorous invoice and GST reconciliation processes, ensuring 100% invoice accuracy and reducing errors by 20% year-over-year, enhancing vendor trust and compliance
• Spearheaded SAP S/4 HANA automation initiatives that decreased manual data entry by 30%, improved processing efficiency, and accelerated intercompany invoice and vendor ledger clearing, resulting in a 25% faster month-end close
• Coordinated cross-functionally with buyers to close open GRNs and managed debit and credit notes, mentoring a team of 4 junior accountants to boost productivity by 18% and strengthen financial control compliance
Associate – Bank Reconciliation
09/2019 - 12/2020
Quatrro Business Support Solutions Pvt. Ltd. , Thane
• Led daily and monthly bank reconciliations for over 50 US client accounts, ensuring 99.8% accuracy and timely financial reporting
• Investigated and resolved reconciliation discrepancies, reducing error resolution time by 20% through detailed analysis and cross-functional collaboration
• Tracked and verified online payments, auto-pay, and cash transactions totaling $2M+ monthly, enhancing transaction accuracy and cash flow visibility
• Supported Accounts Receivable teams by conducting in-depth research and resolving payment issues, contributing to a 15% improvement in collection efficiency
Accounts Assistant
07/2016 - 09/2019
Mukand Limited , Kalwa, Mumbai
• Streamlined banking transactions and managed Letter of Credit (LC) documentation, reducing processing time by 15% and controlling bank charges effectively
• Prepared and delivered timely MIS reports to senior management, enhancing visibility into financial activities and supporting strategic decision-making
• Maintained accurate books of accounts and controlled branch expenses, ensuring compliance with GST and TDS regulations and improving financial accuracy by 10%
• Led monthly, quarterly, and annual closing activities, coordinating journal entries and vendor registrations to achieve 100% on-time closure and audit readiness
Assistant Accountant
04/2015 - 06/2016
JK Electronics & Appliances Pvt. Ltd. , Dombivli
• Led daily banking transactions and managed over 500 financial entries monthly using Tally ERP 9.0, ensuring 99% accuracy and timely processing
• Supervised and mentored a team of 3 staff in system accounts functions, improving departmental efficiency by 15%
• Controlled branch expenses and maintained company books of accounts with rigorous adherence to compliance, reducing discrepancies by 20%
• Prepared detailed monthly invoices, MIS reports, and bank reconciliation statements, streamlining reporting processes and enhancing financial transparency

EDUCATION

Bachelor of Commerce (B.Com)
01/2015
Mumbai University
H.S.C
01/2012
Mumbai University
S.S.C
01/2010
Mumbai University

SKILLS

PROJECTS

kudos
Technologies: Cherrywork, Accounts Payable Automation, ERP Integration, Workflow Automation, Data Accuracy Monitoring
• Led the end-to-end implementation of Accounts Payable (AP) automation using Cherrywork, enhancing invoice processing accuracy and reducing manual effort by 40%
• Collaborated closely with US client stakeholders to ensure timely delivery and maintain 99% data accuracy, earning the Kudos Award for exceptional performance
• Streamlined AP workflows by integrating automation tools with existing ERP systems, improving processing speed and enabling real-time reporting

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