Sarat Varanasi ***** Riverpoint
Senior-Level Technology Executive: IT Drive
( Growth-Enabler... Expanding Business & Profitability by Leesburg, VA
Revolutionizing Customer Satisfaction, Business Processes & 20176
Performance Levels Mobile: (201)
658-5611
Home: (571)
333-4713
abm34y@r.postjobfree.com
Executive Summary
Strategic Roadmaps & Visionary leader and pioneering strategist proven to
Planning turn organizations into industry leaders and
Multi-Location Technology transform underperforming systems, teams, and
Operations processes. Global experience and multimillion-dollar
Integrated, Scalable IT scope of executive authority.
Solutions Strategic partner with business, leveraging
Global Project Portfolio technology innovations to drive substantial business
Management value : maximize ROI, cut costs, grow revenues,
Onsite / Offshore eliminate operating inefficiencies, speed
Delivery Models time-to-market, accelerate delivery
Process Design & Unrivaled ability to build and retain top talent;
Reengineering mentor, coach, and empower staff to record levels of
P&L Control / Budget performance. Expertly manage diverse,
Management cross-functional teams dispersed across multiple
Systems & Infrastructure global locations.
Design Rare blend of strategy, tactical action, and savvy
Organizational Change problem-solving. Easily build relationships with key
Management influencers and diverse stakeholders. Results-driven
Global IT Services and highly motivated; exceptional work ethics and
Delivery dedication to excellence.
Vendor & Customer
Relationships
Management Highlights
Cognizant Technology Solutions, Teaneck, NJ 2007-Present
IT integrator serving diverse clients in IS, pharmaceutical, manufacturing,
banking, financial services, and insurance industries.
Director, IT Relations
High level scope of executive authority, managing $12 million project, $6
million annual IT operating budget, and global team of 80 direct/indirect
reports. Develop, implement, and manage all IT systems and processes
supporting diverse internal clients (e.g. CFO, COO, business unit heads,
operations, workforce management, finance, delivery). Design strategic
roadmaps, lead change management, and orchestrate continuous process
improvements. Reporting directly to CIO.
( Implemented $12 million project an ERP backbone that supports $3 billion
in revenues and is used by 70,000 employees across 12 countries.
. Set new industry benchmarks with nearly 92% system utilization;
lowered average days sales outstanding by 5 days; cut turnaround time
for resource fulfillment from 3 to 2 weeks; reduced monthly financial
close cycle from 23 days to 12; and stabilized systems to support 80%
year-over-year corporate growth.
. Engineered new processes and directed cross-functional team of 120 in
completing project on time/below budget.
. Project won special citation award for Best Project of the Year out of
1,500 projects completed.
( Spearheaded initiative to develop IT integration strategy and step-by-
step playbook for M&A integrations.
. Significantly improved entire corporate M&A process and cut time for
system integrations by 50% (from 6 to 3 months from acquisition),
capturing average $2 million savings on each integration.
( Reengineered processes/systems and provided dashboards for business unit
executives across multiple geographies to measure operating metrics.
. Enabled company to improve bottom- and top-line efficiency: lower
travel costs 1% (without impacting business growth), increase resource
utilization 14%, and cut subcontractor costs average of 10% across
business units.
( Led cross-functional infrastructure and IT teams to develop comprehensive
disaster recovery (DR) strategy and environments across multiple cities
for entire IT platform (HR, financials, operations, CRM).
. Founded DR committees, communication plans, and step-by-step action
plans. Achieved real-time data replication with capability to restore
critical processes within 6 hours of disaster.
( Visionary leader behind numerous other technology initiatives that
revolutionized business efficiency.
. Built organizational change management (OCM) team to manage ERP
project; now supports change management activities globally for
multiple applications.
. Founded Cognizant's first helpdesk now staffed by 120 people and
managing 60+ applications organization-wide.
. Elevated employee satisfaction 20% (to 80%--as measured by surveys) in
2 years.
Sarat Varanasi Page 2
Drivestream, Inc., Reston, VA 2004-2007
Chief Solutions Delivery Officer / Director
Fast-track, performance-based promotion from director to chief solutions
delivery officer. Directed all aspects of delivery organization including
operations, platform, standards, and methodologies. Managed team of 64
direct and indirect reports in delivery organization, leveraging
offshore/onsite resources to plan infrastructure for core ERP systems and
develop post-implementation strategies. Grew portfolio of client accounts
and expanded share within existing accounts.
( Reenergized stagnant company growth and took Drivestream into the "big
league" by forging relationships with such highly referenceable market
leaders as Intel, Cognizant, and Oracle.
. Generated $2 million new annual revenues and built long-term revenue
streams valued at $5 million annually.
. Teamed with CEO to develop annuity revenue model and signed up first 2
client annuity contracts within 3 months of launching model. Created
healthy revenue pipeline and stabilized quarter-over-quarter income.
. Personally generated 50% of corporate revenues; doubled number of
client accounts in less than 2 years.
( Transformed entire delivery organization leveraging offshore delivery
model.
. Established partnership with Oracle that positioned Drivestream as
premier Tier 1 vendor, built and trained offshore team, and executed
first offshore contract with Intel to maintain Oracle PSA
applications.
. Reengineered delivery quality control mechanisms for custom project
development. Reduced project overruns for custom development projects
by 60% and achieved on-time/budget delivery of all projects.
( Introduced project management methodologies and standards throughout SDLC
process.
. Trained staff on methodologies and served as point of contact for
problem escalations. Lowered project overruns by 30%, improved
resource utilization 20% (consequently increasing staff retention by
an average of 6 months), and substantially enhanced project quality
resulting in 40% improvement in average client satisfaction.
( Improved employee retention by rewarding results and saved average of
$300,000 per year on staffing costs.
. Introduced review system for onsite/offshore resources that included
clearly defined performance goals; career progression paths; and
performance rating mechanism for consultants, project managers, and
delivery directors.
( Worked with CEO and account directors to upgrade skills of client-facing
staff and transform service levels.
. Resulted in growing AVM revenue from existing accounts from $1 million
to $2.5 million in a single year.
Oracle Corporation, Pleasanton, CA 2001-2004
Senior Consultant / Project Manager
Project lead for design, implementation, and management of PeopleSoft ERP
and financial solutions for clients in various industries. Managed project
teams and participated in closing sales deals with new clients.
( Completed first successful implementation of the new PeopleSoft ESA ERP
solution (at Intel), a 18-month project that generated $3 million revenues
for Oracle consulting.
. Improved product time to market by reducing number of patch releases
from monthly to 1x every 3 months.
( Partnered with Oracle sales to win major clients for newly launched
PeopleSoft ESA, laying foundation for Oracle to become major player in
this domain.
. Personally responsible for closing 50% of new clients signed up in a
single year, landing accounts such as Cerner, GE Healthcare, and Intel
Solution Services.
. Joined forces with pre-sales team to cut sales cycle for Oracle ESA
from 6 months to 6 weeks; successfully signed up Cerner within 4 weeks
timeframe.
( Managed team of 14 to define common product structure, standardize
inventory items (consolidated from 2,000+ products to 200), and automate
order-to-cash process for GE Healthcare.
. Provided marketing with clear niche, sales with flexibility to sell
products, and accounting with system to track sales.
( Singled out as project lead for PeopleSoft PSA product development
lifecycle.
. Worked with team to reengineer product design based on direct client
feedback, reduce number of incidents, and build overall effective
solution. Dramatically increased client satisfaction and grew product
sales.
( Went above and beyond to gain credibility as outstanding, award-winning
consultant among group of ~2,000 consultants.
. Took initiative to become one of the first PeopleSoft certified
functional consultants, achieved Certified PeopleSoft Project Manager
status in less than 45 days, and won Outstanding Consultant of the
Year award at PeopleSoft.
Sarat Varanasi Page 3
SCB Consulting / Rao Consulting Inc., Chicago, IL 1999-2001
Senior Consultant / Project Manager
Challenged with turnaround of failing company, securing new contracts,
retaining key client, and increasing revenues. Led team of 7 in providing
implementation and post-implementation support for hotel industry.
Installed financial and distribution modules in PeopleSoft. Designed method
for integrating non-PeopleSoft applications with PeopleSoft system.
( Within 2 months, led complete turnaround of company faced with bankruptcy
and extensive layoffs.
. Generated $2.1 million new annualized revenue and built niche market
for Rao, transforming company into attractive acquisition target for
SCB Consulting.
( Transformed training center into highly effective offshore delivery
center that generated $1 million annual revenues, created strong
competitive advantages, and sped up project time to market.
. Worked with offshore team to design delivery methodologies/processes
and led one of the first offshore delivery projects, creating success
story for future offshore delivery work.
( Developed cohesive communication platform between onsite resources and
offshore development center.
. Encouraged 2-way communication, created critical transparency between
groups, improved staff performance levels, and enabled onsite
resources to selected best offshore teams for project delivery.
Sathguru Management Consultants Pvt. Ltd, Hyderabad, India 1996-1999
Consultant
Retained as consultant following management training program. Led team of
consultants in various lifecycle projects from requirements gathering,
business analysis, and system design to implementation. Developed and
delivered systems training.
( Worked with development team to design and build first end-to-end
accounting system for government organization with operations across 23
counties.
. Standardized and automated processes for accounting, revenue
calculation, and financial reporting. Implemented new system and
trained 120 back-office staff on application. Saved organization ~$2
million in administrative costs, reduced revenue leaks 2%, and cut
month-end closing process from 28 days to 18.
( Developed and launched integrated, automated financial and revenue
management system for financial services investment firm previously
managing all financial statements for 500 clients manually.
. Studied end-to-end processes, conducted gap analysis, built custom
solution, and developed training materials. Created transparency in
client interactions, leading to 10% increase in client base within 6
months.
Education
Bachelor of Commerce in Accounting & Finance - Osmania University - AP,
India
Certified Cost Accountant (equivalent to CMA) - ICWA - Kolkotta, India
Additional Qualifications
Industry recognition and leadership including:
. Awards: Led team in delivering global-scale project that won Project
of the Year award for Cognizant. Won award for leading successful
global ERP implementation at Cognizant; Outstanding Consultant of the
Year at Oracle; and award from Intel for improving entire expense
process.
. Industry Speaker: Spoke at Oracle conference on leading global cross-
geography project implementations.
. Publications: Wrote white paper on best practices for implementing
enterprise automation in software and services companies.
. Professional Affiliations and Conferences: Oracle Professional
Services Industry group, SIMS seminars, American Management
Association conferences.