VENKAT PARUCHURI

  • ORACLE FINANCIALS LEAD
  • Chicago, IL
  • Member Since May 31, 2023

Candidates About

 

Venkat Paruchuri

IT Executive

Strategic Leadership - Oracle Financials Expertise - Global Experience

Professional Summa

Highly sought-after IT Executive who brings holistic vision and 15+ years' operational leadership experience to support business growth in senior-level IT management roles. Rigorous analytical thinker skilled at mapping business processes, translating technical minutiae into strategic action plans that dynamically transform day-to-day operations by enhancing processes, information flow, and accounting and reporting capabilities. Seasoned financial manager with CA(CPA-equivalent) training across all areas of financial management, including planning, budgeting, and forecasting.

Recognized subject matter expert (SME) in Oracle Applications ERP and proven change agent with a demonstrated track record of success conceiving and implementing critical projects on tight deadlines for S&P 500 companies. Adept at communicating core strategic goals to interdisciplinary stakeholders at all levels of the organization, creating milestones and prioritizing resources (on-site/off-shore) to drive year-over-year bottom-line growth.

                          Technical Expertise                                                             Leadership Skills

 

Oracle Financials, Procurement, Order, FAH, Fusion, Cloud, Supply Chain, Transportation, Security, Compliance & EDI • EBS R12-Fusion Cloud •  SQL*Reports • SQL*Plus Reporting Tools (OBIEE, OTBI, BI, Discoverer, FSG, SQL Queries) Software Implementation & Testing • System Administration E-Commerce Modules • Data Capture • Automation • Team Leadership • Solution Design & Architecture • Process Re-Engineering • Strategic Planning • Global Business Roadmaps • Trade   Management • RFPs • Manage IT Projects • IT Portfolio • Resource Allocation and Management • Architecture • Solution Design & Engineering Business Development • Executive PresentationsScheduling • Business Requirements Analysis • KPIs Metrics • User Consultations & Support • Presentations • Quality Assurance (QA) & Quality Control (QC) • Milestones Disaster Planning & Recovery • Cutover Planning

 

Key Professional Experiences

·         Manage and monitor IT projects planning, implementation, budgets, expenditures, project scope, priorities, deadlines and deliverable schedules.

·         Prioritized IT Projects, based on business needs, made presentations in Management Committes, Steering Committes, provided options of Software Hardware Systems and Vendors with cost benefit analysis and pros and cons managed the IT Portfolio in the best way to the overall efficiency and growth of the company.

·         Provided IT Architecture, Solution and Road Maps of current and future environments for the IT Systems and Integrations with the suggested changes and impacts with Innovative ideas and thoughts.

·         Managed the migration to Cloud Architecture from dedicated servers.

·         Prepared IT Strategy Plan documents   for medium(3yrs) and long terms(5yrs). This includes the changes planned in IT Systems of Software and Hardware, Business Processes, Change Management, Process re-engineering, Budgets.

·         Maintained the IT Divisions’ Goals and Objectives, based on IT Portfolio, Business Plans. Accordingly set and measure the Goals and Objectives of Individual IT Managers/Leads and changes done having the quarterly and yearly reviews.

·         Having the frequent meetings and interaction  with the Business Managers, key stakeholders, understand their Business Processes and IT Requirements, work hand in hand, to make IT as a best Service Org.

·         Worked proactively and as role model Leadership for the IT Managers and Teams. Provided support and guidance to the IT Teams to improve their efficiencies.

·         Had the transperancy and prioritization methodologies in Business Issue Management process, made sure that the business operations runs smoothly.

·         Had the consulting experience through Big Five of IBM, PWC, Delloitte.

·         With the Accounting and Finance background, suggested efficient and speedy period close processes and reports used for Accounting, Finance, Management and Operations. Successfully done Acquisitions and Mergers processes.

·         Implemented best practices IT Governance and transperancy in maintaining different environments of Dev, Test and Prod, code migration strategies and approval procedures, documentation and manuals and follow SDLC.

·         Implemented and maintained the Cyber Security Policies and procedures, Disaster Recovery Methods.

·         Worked with different Audit Teams and successfully completed IT Audit, Internal Audit, Sox Compliance, Security Complaiance etc,.

·         Attended seminars and forums to have the latest trends and innovations in the industry and IT, encouraged the same to the IT Team Leads.

·         Organized Training Programs and Refresher Courses for the Business Operations users and IT teams to improve their efficiencies and operating methods and to understand the systems better and to learn cross functional processes.

·         Managed the teams of off shore and on shore model, Hosting, Support, Network, Systems, DBA, Development, Analysts with 9 direct reportees.

Mitsui & Co., Ltd.                                                                                                                         2013 to Present

One of Japan's largest Global companies, operating in 65 countries.

manager financial systems, Mitsui Foods

Oversee a large team in daily operations, identifying individual as well as collective goals and conducting reviews on a quarterly basis. Continuously work to improve processes and save costs by eliminating obsolete or needlessly redundant equipment, servers, and systems. Lead comprehensive disaster recovery planning; coordinate cross-functionally to support project and cutover planning; and implement milestones while balancing and prioritizing resources to achieve core business goals.

·         Managed Implementation of Oracle Project with Financials Modules Suite, O2C, P2P, Contracts, Project Accounting and FAH. Implemented custom back to back order processs.

·         Provided Solution Architecture, Design, Road Map for Systems, Data Flow and Business Process Re-Engineering for the Oracle Fusion Cloud Implementation.

·         Spearheaded successful Hosting Migration Project, delivering $50K in monthly cost-saving by merging servers to a common provider onto Cloud, which simultaneously increased operational transparence and accountability.

·         Participated and made presentations in the meetings of Steering Committee, Management Committee and Organized User Meetings and CRPs.

·         Upgraded from 12.1.3 to 12.2.5.

·         In Cloud, implemented FAH for third party accounting systems, drill down and visibility of transactions in Oracle through SLA.

·         Captained third-party integrations—e.g., EDI, Eximware, Eminent, Banks, SMC3, e-commerce sites — with an Oracle footprint including Financials, Supply Chain, Trasportation, Trade Management and Manufacturing modules.

·         Designed BI Reports in the cloud/fusion environment with Hyperion and Essbase, to replace old discoverer and OBIEE Reports.

·         Managed Vendors,  Contracts and Systems. Ensured that various programs are delivered successfully on time and in budget.

 

·         Managed the OPM Program, added multiple costing buckets to include the carrying and fixed costs. Each lot selling decision(price) is determined every day based on lot cost of specific lot on that day. Had heavy customization to meet business needs. Rewrite the lot costs process. Certain costs are only for OPM subledger and costing reports purpose, but not go to GL for OPM is very well integrated with LCM, PO, PO receipt, Inv, OM etc,.

 

·         Helped the CFO team and business users during period close processes, to fix the lot cost issues and in developing the required reports. Worked directly with OPM/LCM development teams of Oracle Corp to fix some of the issues. Worked closely with business teams for the process re-engineering and change management.

·         Seamless Integration for a smooth transaction flow to suite the Business Processes amongst OM, INV, AR, TM, OTM, LCM, OPM, PO, AP, i-Exp, i-Supplier, EDI, GL, CREDIT, REVENUE, COLLECTIONS. Configured OTM to integrate with OM, PO, AP, SMC3, Rate Uploader, LTL, FTL and Ocean Frieght. Through Process re-engineering and change management optimized the Business Processes.

·         Managed Production Support and provided key support to Deloitte consultants during the IT Audit by Deloitte and participated in the Oracle License Audit.

·         Plan and implement Disaster Recovery plan and site.

·         Performed SOX and JSOX Compliance Audits.

·         Managed 9 direct reportees of IT teams of BA, Development, QA, DBA, EDI, Network and Systems , provided guidance, conducted performance reviews, RFQs, Vendor Agreements.

 

McGraw-Hill Financial, Inc.                                                                                                          2012 to 2013

Leading American provider of financial, publishing, and business services.

Solution Architect

Captained the onsite Functional Team, providing critical on-the-ground guidance and day-to-day leadership for all Functional Consultants. Personally assumed module ownership for AP, EB TAX, Oracle Payments, and AGIS. Additionally managed  multidisciplinary teams (QA, Development, DBA, Business Leads) to achieve overarching project goals; prepared and delivered expert reports for the Program Manager.

·         Conducted Workshops and Steering Committee and Stakeholder Meetings to Design, Budget, Planning and Reporting.

·         Designed/configured AP, EB TAX, I Expenses, Oracle Payments, and AGIS for 90+ operating units.

·         Updated Functional Design documents (MD50s) for inbound/outbound interfaces as well as reports and custom components, working closely with offshore development teams to ensure compatibility of all components with new business structures.

·         Utilized multiple Oracle R12 modules (GL, AP, AR, AGIS, FA, PA, EB TAX, IE, CE) and Oracle Payments.

 

Continued…

Topps                                                                                                                                                   2011 to 2012

NY-based manufacturer of chewing gum, candy, and collectibles.

Oracle Financials Lead

Prepared global structures for COA, inventory orgs, operating units, legal entities/ledgers, and consolidation hierarchies. Oversaw conversion-mappings from legacy to Oracle for all financial modules, diligently logging issues in TrackIT and delegating response teams for prompt resolution. Reviewed implementation documents and specifications (e.g., for CV040, CV060, MD050, MD070, TE040, etc.). Brought remote users on board for meetings, CRPs and testing through judiciously scheduled WEBEX meetings and conference calls.

·         Instrumental in implementation of R12 Oracle Financials in North America, South America, and Europe.

·         Personally represented business users across Finance, AP/AR, Fixed Assets, and Cash Management for Topps in the UK, Germany, Italy, Argentina, and Uruguay.

·         Managed the Business Analysts, Development and QA teams.

·         Collaborated with Topps' executive management teams to monitor and review project plans, eliminate delays, and expedite legacy data collection. Authored weekly progress reports for the project's executive committee.

United Airlines, Inc.                                                                                                                        2010 to 2011

Major American airline headquartered in Chicago, IL.

Solution Architect-Integration/Business Process

Supported merger between United Airlines and Continental Airlines in the multiphase integration of business processes/systems and implementation of Oracle Financials suite. Conducted in-depth discussions with Business as well as Technical Leads to streamline and automate processes. Gathered high-level business requirements and carried fit-gap analysis; prepared global design and architecture with country-specific localizations and tax structures of Oracle Financials; and utilized extensive cost-benefit analysis to optimize modules/legacy systems.

·         Identified legacy systems around the globe to be sunset and advised on associated modifications required for business processes.

·         Created key roadmap to expedite period-closing processes and enhance overall accounting and financial reporting.

·         Prepared RFQs, managed Vendors Vetting Process, having cordial relationships with Vendors, managed the teams of BA, Development, QA and DBA.

Previous Functional Consulting Experience since 1997

R12 Oracle Financials Functional Consultant - Wyndham Hotels

R12 Oracle Financials Functional Consultant - Yahoo! Inc.

R12 Business Process change Strategy and solution architect  - United Continental Airlines

R12 Oracle Financials Functional Lead Consultant & Production Support - The TJX Companies

Oracle Financials Functional Lead Consultant - APC Schneider Electric

Oracle Financials Sr. Functional Consultant - Biogen IDEC

Oracle Financials Globalization Sr. Functional Consultant/Lead - Carnegie Mellon University

Treasury Consultant - Tejon Government & Tejon Ranch

Functional Consultant & Team Lead - Xerox Corporation

Functional Consultant & Team Lead - Nature’s Sunshine Products

Functional Consultant & Team Lead - Able Labs

Functional Consultant & Team Lead - Aetna  

Functional Consultant - GE Capital

Functional Consultant - Keyspan Energy

Functional Consultant - Ameritech

Oracle Financials Functional Consultant - Cable Vision

Education & Accreditations

Chartered Accountant (CPA Equivalent) - Institute of Chartered Accountants of India

Bachelor of Commerce - Andhra University - Andhra Pradesh, India