Description
Industry. to improve support performance of a shared services group on an Oracle ERP platform and to resolve numerous internal control issues to enable the sale of the company. Responsibilities included: * Credit, collection, cash application, deductions/disputes / charge backs, billing, and AR functions. * Corrected Oracle reporting used for GL reconciliation, process, analysis and reserves. * Accounted for reconciliations and various reporting for the month and quarter end close. * Remediated numerous accounting internal audit and SOX deficiencies. * Managed risk exposure, monthly reserves, analysis and GL entries. * Managed collections process and improved DSO. Improved proactivity in department processes. * Led development of new bad debt reserve process. * Developed credit review structure and led annual review of all material accounts. * Automated cash application and reconciliation process between GL accounts. * Oversaw deduction / chargeback activity implementing new database to identify and resolve issues. * Led quarterly collection initiatives to meet quarterly working capital requirements of bank covenants. PROTIVITI 2009 into 2010 Assessed collectability of AR aged an average of over 5 years. Developed and led a team to recover value from AR already written off. Role was development and hands on management. In addition I was a consultant for several additional clients in credit assessment collect ability assessment and evaluation of management controls. * Developed project approval by Protiviti and their client for the assessment of potential value of an old receivable portfolio for the evaluation and collection phases. * Accurately targeted far more value than expected through random sampling and process evaluation. * Set up project management programs necessary within client offices to minimize disruption of the business keeping customer loyalty to the succeeding business and maximizing value. PRIOR TO THE ABOVE CONSULTING ENGAGEMENTS included
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