Joseph Varughese

Hyderabad, Telangana, India

ad1yat@r.postjobfree.com

linkedin.com/in/josephkv

Summary

I am a multifaceted professional who has worn the hats of Digital Finance Leader, CFO, Writer, Entrepreneur, ERP + Business Transformation + Management Consultant, and Business Head during my long career. Credentials:

F&A, FP&A, Risk Management, Controls, Process improvements, Cash Flow Management.

Digital Solutions in Customer Engagement, Manufacturing, Supply Chain, and Finance areas leveraging CRM - ERP - Automation - Analytics - Customer Engagement - Industry 4.0 tools

Writer + Thought leader - business, finance, technology, blockchain, crypto, startups, politics, and fiction

Bachelor's Degree in Finance and Accountancy (B.Com) from Kerala University, India, and Intermediate CMA

(ICWA)

I have a strong background in finance and accounting, ERP - consulting, practice, sales, business management, pmo spanning manufacturing, retail, apparel, fashion, health care, information technology, media, and entertainment industries, with intimate familiarity with the challenges businesses face and opportunities they throw up.

Been in leadership roles during the last 20 years of my career of which recent 4 years as CFO. Played an entrepreneur role intermittently for 6 years. Headed ERP Practice for Microsoft Dynamics Partners in the early 2000s and recently in 2020-21.

I lived and worked in India (Kerala, Mumbai, Hyderabad), the Middle East, and Africa in various companies spanning varied industries.

Competencies:

#ERP Consulting # Digital Transformation # MicrosoftDynamics365 #Solution Selling # New Business Development # Account Management #Financial Management #Financial Accounting #Corporate Finance

#FP&A #Corporate Governance #Fund Raising #CAPEX #OPEX #Business Plans and #Budgeting #Cash Flow Management and #Treasury #Internal Controls and Systems #Process design and implementation #Cost and Management Accounting #Taxation and #Statutory Compliance #IFRS #IndAS #Audit #CMA #Financial Analysis and #Business Valuation, #PMO, #Project Management, #Business and #Operations Management,

#Entrepreneurship, #Risk Management, #Vendor Management, #Contract Management # Cloud ERP #Business Application Sales #ERP Practice #Dynamics 365ERP #DynamicsF&O #Zoho One #Zoho CRM #Freelancewriting Industry Exposure:

Joseph Varughese - page 1

#IT (Product, Software Services, ERP, Cloud Services) #Manufacturing (Glass, Garments, Special Steels)

#Entertainment #Media #Education #Garment Exports #Healthcare #Apparel and Fashion #NPO #NGO #Retail Experience

Director IT Project Management & Delivery

Innvectra Info Solutions Pvt. Ltd.

Sep 2022 - Present (1 year 3 months)

Accountable and responsible for software project and product management and delivery, including, but not limited to:

- Engage with and manage the clients with regard to projects and products

- Coordinate with internal teams to improve project management and delivery results

- Devise and implement the best practices to improve efficiency, productivity, and customer experience

- Contribute to and manage the product development cycle

- Help with online media content to enhance the business, corporate image, and brand

- Business Analysis, understanding business and functional requirements

- Mentor and coach the teams

Senior Content Contributor

AiDOOS

Jan 2021 - Present (2 years 11 months)

Management Consultant - Project Management, CFO Services, ERP Consulting Freelancer

Jul 2021 - Sep 2022 (1 year 3 months)

Write content, blog, copy, web page on finance, technology, B2B, blockchain, crypto Practice Head - Microsoft Dynamics 365 (mena & apac) Credexo Inc.

Mar 2020 - Mar 2021 (1 year 1 month)

Digital Transformation Advisor engaging at CXO, SVP, and Director levels to empower customers in APAC, MENA, and India regions to solve their pain points in manufacturing, oil and gas, logistics and supply chain, retail, service, healthcare, distribution, finance segments, by helping them rediscover their potentials to manage risks, increase business value, and drive growth, profitability and operational efficiency. Agile practitioner in sales process.

Leverages the best mix of seamlessly unified real cloud business applications and solutions from Microsoft 3 Clouds ecosystem - Microsoft 365 (SaaS), Dynamics 365 (PaaS), and Azure (IaaS) to help customers transform their business.

Always on the lookout for optimal synergy of Applications and Services from Microsoft Ecosystem that packages

• ERP: Dynamics 365 F&O (Finance + Supply Chain Management), Business Central

• Customer Engagement suite: Dynamics CRM, Customer Insights, Field Service, Customer Service

• Commerce: Retail Solution

• Microsoft (Office) 365 including Microsoft Teams Joseph Varughese - page 2

• Power Platform: Power BI, Power Auto, Power Virtual Agent, Power App

• Industry 4.0 tools and services on Azure

all seamlessly integrated/unified with Industry 4.0 tools like AI, IoT, ML, Mixed Reality, etc. available on Azure; all in one marketplace, Microsoft, for all digital solutions for business transformation. Chief Financial Officer

Minfy

Feb 2018 - Nov 2019 (1 year 10 months)

Ownership of the entire gamut of Accounting and Finance functions as #CFO of this AWS Premier Consulting Partner.

Streamlined and managed systems and processes in various operational areas including risk management, decision-making process, internal controls, policies, corporate governance, compliance processes, order/contract management, customer billing, project controls, budgeting, cash flow, working capital, Capex, Opex, and MIS.

Project-managed ERP (Dynamics NAV) implementation. Conceived, developed, and implemented a Project Initiation system to streamline, control and strengthen the entire process and approval workflow of contract management, sales-delivery handover, and Billing.

Accomplishments:

Helped raise funds. Managed risks, and helped perform decision-making. Helped plug revenue leakages, and brought in cost efficiencies, both together have helped increase EBITDA by 3-4%.

Chief Financial Officer

RAMOJI KRIAN FILM VENTURES PRIVATE LIMITED

Mar 2017 - Nov 2017 (9 months)

(Company wound up)

Set up the finance and accounting department for the multi-entity and multi-divisional start-up JV between two industry big names.

Managed finance, accounting, corporate governance, statutory registrations, first-year audit, business plans, funding, cash flow planning, treasury, working capital, taxation, CAPEX, OPEX, external and internal reporting, Audit, Team builds, compliance, systems and processes, and transition. (Company wound up)

Chief Financial Officer

Mahavir Hospital and Research Centre

Oct 2016 - Feb 2017 (5 months)

Streamlined and implemented financial, statutory, and operational systems and processes, and corporate governance. Brought in management reporting and high-level dashboard, review processes, process automation in all functional areas particularly Billing, CAPEX, and integration of Hospital Management System with Accounting system.

Continued as a part-time Consultant for 1.5 years post leaving the full-time role, to help implement the systems and processes designed during the full-time tenure. Accomplishments:

Joseph Varughese - page 3

Process changes and internal controls initiated in Billing management started saving revenue to the tune of 7-10%.

Corporate Fundraising Advisor VirtualCFO

Corporate Financial Advisory Services Firm

Mar 2016 - Sep 2016 (7 months)

Corporate Fund Raising Advisory

to the clients looking for funding through Equity l PE l Debt l Convertible l Strategic Partnerships. End to end services portfolio, based on client mandate, includes:

• Devising Strategy, Business Plan

• Developing Teaser, Pitch Deck

• Financial Plan, Business Valuation

and / or

• Deal Sourcing

• Driving Deal Flow

• Identifying Investors, Pitch, Presentation

• Deal negotiation, Exit strategy formulation

• Deal closure

Virtual CFO

services include, but not limited to, the following :

• Strategy Development, Business Planning

• Financial Management

• Accounting Services

• Financial Analysis, Budgeting, Cash flow

• CAPEX, Valuation

• Financial Projections

• Financial Modelling

Head Of Finance

Switcher

Jul 2015 - Feb 2016 (8 months)

(company closed down operations)

Headed finance and accounting (P2P, O2C, R2R) functions of Switcher SA, a Swiss Apparel, and Fashion company, owned by an Indian group (PGC Infotech), in a full SAP environment with hands- on FI, MM, SD, and MS Office. Coordinated and managed widely located resources and functions from Hyderabad, India (Captive Centre/ Global Capability Centre). Highly focused areas:

• Financial Accounting, Management Accounting, Financial Reporting

• Cash Management (Accounts Receivable, Accounts Payable, Inventory), Financing

• Strategic Planning, MIS, FP&A, Budgeting, Rolling Forecast, Financial Analysis

• Financial Controls, Audit, Taxation

• B2B, B2C, Vertical Retail Stores, and Inter-Company accounting and reconciliation

• Purchase Order Processing, Sales Order Processing, Vendor Management

• SOP, KPI, Resolving Pain Areas, Processes, Controls, and Systems Accomplishments:

Joseph Varughese - page 4

• Managed Finance Transformation by taking over Finance and Operations from internal/captive mode.

•Processes put in place to reconcile various unreconciled AR and AP accounts which resulted in better AR collection run rate (collected 75% of 120+ age buckets) and improved cash flow planning

• Brought in transparency and control in various processes through system enhancements in SAP and integrated systems that helped in tracking and plugging revenue and cash leakages

• Recruited, coached, mentored, and put Finance and Accounting team in place Founder & CEO

Knowel Educational and Management Training Institute Pvt Ltd Jul 2009 - Jun 2015 (6 years)

Founded and managed own business in education that provided coaching and training to students pursuing accounting qualifications in India. General management including operations, business development, marketing, recruitment, people management, finance, administration. Head - PMO & Internal Systems (MEA-Middle East & Africa) 3i Infotech Ltd.

Jun 2004 - Apr 2009 (4 years 11 months)

A vertical function that cut across all the business groups viz. ERP, Insurance, Capital markets, Technology services, Banking, and geographies.

Built up, developed, and implemented a new PMO function from scratch Reported to Sr VP - Global Delivery Head

Responsibilities and Accomplishments:

•PMO exception reviews and interfaces with Business, Sales, IT Project Delivery, Product Support, and Customer Care Heads across business lines, geography, and CFO Office

•Project (Job) Costing and Budgeting; budget and cost estimates for pre-sales and actual and variance analysis post delivery

•Escalation of exceptions and risks to senior management, RAID Management

•Defining and managing change management processes, controls, and process improvements

•Managed process and system integration of Acquired / Merging (M&A) companies

•Coaching and mentoring PMs/PLs, ensuring End to End Delivery Process compliance

•Project tracking and controls, governance, project audits, risk audit/identification, analysis, and mitigation management, monitoring Invoicing and Revenue plans throughout SDLC and PLC

•The above initiatives contributed to the company’s top line and bottom line by way of cost efficiency, increase in profitability and customer satisfaction, and resultant new customer acquisitions and retentions

•Presented initiatives, plans, and exceptions to senior management on projects and processes and AOP, presented and participated in Monthly Management Reviews

•Used to write, revise and maintain process and policy manuals and SOPs, develop KPI metrics

•Managed Internal IT Systems (ERP, CRM, HR, Admin, and Customer Support Systems) and MIS of the company by serving internal clients and enhancing the systems on feedback and wish lists. Accomplishments:

Set up and managed AR Collections as a project to streamline the collection process and helped increase collection run rate by more than 100%

Project tracking and controls helped save on project overruns and costs by 5-7% Joseph Varughese - page 5

Business Head (Microsoft Dynamics ERP Practice)

Assyst GmbH

Jan 2001 - May 2004 (3 years 5 months)

Business Unit Head - Microsoft Dynamics (2001-2004) Built up Dynamics ERP practice. Directed day-to-day operations of the unit and managed up to 12 sales, technical, implementation, and administration personnel. The broad scope of responsibility included full P&L accountability, strategic business and market planning, business development, marketing, implementation/project management, customer relations, relations with Microsoft Business Solutions, and general management of the unit. Controlled operating and capital budget. Directed all price and contract negotiations with clients and vendors. Reported to CEO. Responsibilities:

•Conceived, planned, and established Value Added Re-seller partnership with Microsoft to launch Dynamics GP as a new Product line and practice

•Developed and implemented tactical and strategic plans

•Designed the unit’s multi-functional operational systems, processes, and methodologies

•Developed, trained, and motivated the unit’s team members

•Managed 8 hands-on Microsoft Dynamics Great Plains project rollouts from project and account management perspectives

•Added strategically beneficial business solution product - Microsoft Retail management system

•Worked towards adding strategically important products like Microsoft CRM, Navision, and Axapta Accomplishments:

•Developed business and achieved 150% growth in gross revenue in the first year of operation over existing business

•Retained 90 existing customers with new product and solution offerings. ERP Project Manager / Consultant

Assyst GmbH

Jun 1997 - Jan 2001 (3 years 8 months)

Joined as Functional Consultant and soon promoted to Projects Manager, set up a Projects Management and Consulting department.

Responsibilities and Accomplishments:

•Developed and implemented Project management, implementation methodology, and internal systems and procedures

•Managed accounts and implementation of ERP (MCBA and Dynamics Great Plains) and POS/Retail system

•Hands-on Financial, Distribution, and Manufacturing/SCM implementation/consulting experience of 13

( MCBA ERP) rollouts

•Trained and developed a successful implementation team

•Achieved 100% success in project implementations and customer satisfaction resulting in implementation and cost savings. Turned around old unsuccessful projects into success Senior Accountant

The National Company for Glass Industries

Jun 1990 - Jun 1997 (7 years 1 month)

Joseph Varughese - page 6

Joined this Glass Manufacturing company at the start-up, developed and implemented operational systems and procedures in multi-functional areas (financial accounting, cost, and management accounting, budgeting, pricing, procurement, sales, and inventory). Reported to Group Finance Head

(CFO).

Responsibilities and Accomplishments:

•Prepared and got approved by the Board an economic and financial feasibility study for the Capacity Expansion and furnace rebuild project, monitored and reported to the senior management the economic and commercial aspects of the project implementation using a mix of Capital Budgeting (Capex), Cost and Management Accounting and Financial Analysis and Management techniques. Result: 40% increase in Production and Sales and 30% reduction in Production Overhead

•Developed and implemented systems and procedures in multi-functional areas of operations

•Developed and implemented Pricing Model, Policies and helped formulate Pricing Strategy

•Managed and handled Financial Accounting, Finalization and Reporting, Consolidation of group accounts in compliance with GAAP and IFRS

•Developed, implemented, and delivered periodical ( Daily, Weekly, Monthly, Quarterly) MIS Reports

•Managed Ratio analysis, Cost Variance Analysis, Financial Analysis, and MIS Reporting

•Managed Cost Accounting and Cost Controls and helped achieve Cost Efficiency; applying Process and Job costing hybrid system, ABC, Standard Costing, Variance Analysis

•Managed Working Capital/Cash Flow, Budgeting/Business Plans, Capital Budgeting

•Helped the company manage Finance and Cash Flow efficiently

•Managed AR and AP functions and Inventory ( Materials, WIP and Finished Products) in all aspects

•Managed Finance / Banking with respect to availing and planning repayment schedules of short-term Working Capital and long-term Financing and other bank instruments

•Handled Internal and External / Statutory Audits

•Acted as a Core team member of the ERP implementation project team Assistant Manager Finance

Rolta India Limited

Nov 1988 - May 1990 (1 year 7 months)

Joined the company as an Accounts Officer and was promoted in the first year to Assistant Manager. Reported to Finance Manager cum Company Secretary

Responsibilities and Accomplishments:

•Developed and implemented an integrated Cost and Financial Accounting system

•Successfully managed a difficult Cash Flow and Working Capital ( AR, AP, and Banks) reporting directly to CMD for this function

•Handled Financial Accounting, Finalization

•Handled MIS reporting and Budgeting

•Managed RBI (Federal / Central Bank in India) matters, Banking, and Audits Accounts Officer

Rolta India Limited

Mar 1987 - Oct 1988 (1 year 8 months)

Accounts Officer

Mahindra Ugine Steel Co.Limited.(Musco)

Joseph Varughese - page 7

Feb 1984 - Feb 1987 (3 years 1 month)

Reported to Financial Controller and Product Manager for the Garment Manufacturing and Exports division.

Responsibilities and Accomplishments:

•Developed and implemented the newly launched division's operational and financial systems

(divisional and segment accounting, cost accounting, inventory control for materials, WIP, and finished products).

•Developed, implemented, and used a Product Costing system for pricing export orders

•Handled MIS, budgeting, cost accounting, job order pricing, and export documentation. Accounts Officer

Apeego Group (Garment Manufacturers and Exporters) Jan 1980 - Feb 1984 (4 years 2 months)

Responsibilities and Accomplishments:

• Handled financial accounting and cost accounting

• Handled MIS, budgeting, banking

• Handled internal and external audits

Education

University of Kerala

Bachelor of Commerce (B.Com), Accounting and Finance 1976 - 1979

Commerce stream that included Financial Accounting, Cost Accounting, Financial Management, Economics, Business Laws, Banking

Institute of Cost Accountants of India

CMA (ICWA) Intermediate, Cost and Management Accounting 1994 - 1995

Advanced studies in Cost and Management Accounting, Financial Accounting, Financial Management, Business and Corporate Laws, Auditing, Taxation, Business Valuation Licenses & Certifications

eEnterprise Consultant ( Dynamics GP) - Microsoft Dynamics Great Plains Skills

Accounting • Corporate Finance • Enterprise Resource Planning (ERP) • ERP CONSULTING • PMO • Financial Reporting • Internal Controls • IFRS • Risk Management • Feasibility Studies Joseph Varughese - page 8

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