Michael Prakhina

Principle SAP FI/CO/PC/PS/AA/VERTEX Glen Rock, NJ

Profile

SAP Consultant and Solution Architect with 20+ years of SAP configuration, development and management experience specializing in FI/CO arena.

Quickly adapts to client requirements. Strong advocate of task-oriented approach to deliver within established deadlines.

11 successful installations/implementations of 3.1X, 4.6X, 4.7, ECC 5.0, ECC 6.0 and SAP S/4HANA 1511, 1610, 1709 as well as 9 successful upgrades up to SAP S/4HANA 1709

At least 8 successful implementations of Vertex and Taxware.

Extensive configuration experience in FI, CO, PS, PC, COPA, AA and IM modules.

Hands-on experience in both business processes, functional design and technical knowhow.

Works great under pressure, effective communicator, able to blend with the team as well as lead functional and/or technical designs.

Since 2005 Interim SAP America and SAP Canada FI/CO consultant

Functional and Technical

Financial Accounting (FI)

Product Costing (CO-PC)

Controlling (CO)

Project System (PS)

Asset Accounting (AA)

Investment Management (IM)

Treasury (TR)

General Ledger

Accounts Receivable

Accounts Payable

Management Workflow (WF)

Enterprise Portal

BW/BI, BPC

Solution Manager

SAP S/4 HANA

SAP Fiori

Experience/Project Work

Industry: Distribution, American Hotel Register Company, IL

Project Description/Scope: Profit Margin Improvement

Role: SAP Solution Architect

Duration: 7/19 – Present

Responsibilities/Deliverables: SAP Solution Architect responsible to analyze, make recommendations and improvements to company’s margin and cash flow design on SAP HANA 1709.

Responsible for:

Redesigned Intercompany from both system and business processes

Redesigned GRIR process

Built Subcontracting manuafacturing

Product costing / Kitting / Project Stock

COGS split

COPA both account and costing based

Margin Analysis

Dropships and STO

Freight / Duty

Foreign Currency Revaluation/Translation

Reviewed and redesigned business and system processes related to AR, AP, Fixed Assets, Trasury, business partners setup, Vertex O 9.0, Hybris

Industry: Retail, La Prairie Group, NJ (Beiersdorf Germany)

Project Description/Scope: SAP 3PL Warehouse implementation

Role: SAP Solution Architect

Duration: 7/18 – 7/19

Responsibilities/Deliverables: SAP Solution Architect to plan, design and integrate EDI third party logistics provider (3PL) into La Prairie’s SAP HANA 1709 on IS/EA-RETAIL system.

Responsible for:

Overall EDI design

EDI Invoicing Retailers e.g. Neiman Marcus, Nordstrom, Macy’s

3PL Inventory reconciliation and material movements

3PL Subcontracting assembly PO/Invoicing

3PL Stock Transfer Orders

STO and dropship

Industry: Medical Devices, SAP America / Stryker, MI

Project Description/Scope: SAP S/4 HANA 1709 Implementation

Role: RTR Tower Lead/Solution Architect

Duration: 2/18 – 7/18

Responsibilities/Deliverables: SAP FI/CO Solution Architect in the full life cycle SAP S/4 HANA 1709 implementation with Fiori.

Responsible for:

Plant Maintenance

Product Costing

oUnit costing

oNetworks

oFreight

oValuated Project Stock

oMake to Stock, Make to Order

oMaterial Ledger

Project System

Asset Accounting

General Ledger

Intercompany, drop ships, STO

Capital inventory

Industry: Automotive, SAP America / Volkswagen - Electrify America project is a Volkswagen initiative to build 2,000 charging stations

Project Description/Scope: SAP S/4 HANA Implementation in the Cloud Platform

Role: SAP FICO Solution Architect

Duration: 10/17 – 2/18

Responsibilities/Deliverables: SAP FI/CO Solution Architect in the full life cycle SAP S/4 HANA in the Cloud Platform implementation with Fiori.

Responsible for:

PTP Solution

General Ledger

Fixed Assets

Data loads

Industry: Automotive, Borg Warner Inc, NY

Project Description/Scope: SAP S/4 HANA 1610 Implementation

Role: Senior FI/CO Consultant/Solution Architect

Duration: 3/17 – 10/17

Responsibilities/Deliverables: SAP FI/CO Solution Architect in the full life cycle SAP S/4 HANA 1610 implementation with Fiori. Solution included implementation of three Borg Warner manufacturing plants located in Ithaca NY.

Product Costing solution included:

oCost collector costing in Repetitive manufacturing.

oProduction order costing in Discrete manufacturing.

oDesigned split valuation for refurbished parts

oConfigured PC to capture subcontracting costs.

oConfigured Material Ledger account determination

Configured Plant Maintenance labor activity types.

Designed Quantity Structure for Standard Cost Estimates.

Built and Configured Revenue Recognition (tying revenue to cost)

Built CO-PA to analyze cost of goods sold based on the quantity structure

Designed Prototyping and R&D sales scenarios from FI/CO point of view

Designed Intercompany

Configured Customer/Vendor Partner functions

Built Fixed Asset conversion including Units of Production depreciation terms

Configured Technical Clearing account.

Participated in inventory data conversion

Used S/4HANA Migration Cockpit LTMC/LTMOM

Industry: Optical Industries, Nikon Corporation, NY

Project Description/Scope: GAAP to IFRS conversion

Role: Senior FI/CO Consultant/Solution Architect

Duration: 10/16 – 3/17

Responsibilities/Deliverables: SAP FI/CO Solution Architect/Project Lead and advisor to Nikon Corporation in the global GAAP to IFRS conversion. Solution included US, Canada, Brazil, Mexico and Chile.

Responsible for IFRS conversion design.

Led all business-related activities to convert local GAAP to IFRS

oFixed Asset conversion

oGeneral Ledger conversion

Industry: Media, A+E Networks (History Channel), NY

Project Description/Scope: SAP Global Implementation

Role: Senior FI/CO Consultant/Solution Architect

Duration: 1/15 – 10/2016

Responsibilities/Deliverables: SAP Solution Architect and advisor to A+E Networks in the global and full life cycle SAP ECC 6.0 and BPC implementation (Project FLYTE) from Blueprint to Go Live. Solution included US, Canada, Italy, UK, Germany, and Singapore. A+E Networks is a company that owns a group of television channels such as History, Lifetime, LMN, FYI, VICELAND.

Responsible for Intercompany design.

Foreign currencies and parallel ledgers (New GL, document splitting, profit center auto balancing).

Designed Functional Areas

Designed Cost Center and Internal Order accounting.

Participated in Consolidation and Eliminations from group point of view.

Took part in design and configuration of AR, AP, Treasury, BCM, Lockbox, Banking

Build complete tax design which included Sales Tax, Use Tax, VAT, Extended Withholding Tax, Income Tax (yearend adjustments).

Build Fixed Asset module for US, UK, IT, SG.

Designed and Built Closing Cockpit including the entire spectrum of month/year end transactions.

Developed LSMW for data loads, Designed IDoc interfaces with external systems for invoicing, inventory, travel expenses, and payroll.

Developed blueprint design documents and functional specs.

Industry: Chemical, H.B. Fuller, MN

Project Description/Scope: SAP Latin America Record to Report (R2R) Implementation

Role: Senior FI/CO Consultant

Duration: 10/14 – 01/2015

Responsibilities/Deliverables: Responsible for SAP localization solution and implementation of SAP Record to Report (R2R) for Latin America for H.B Fuller a 130 years old chemical giant.

Designed process for Brazilian payment system Boleto Bancario.

Configured Nota Fiscal

Designed SPED statutory reporting for Brazil.

Designed Value Added Tax (VAT) for Latin America countries.

Built banking functionality for Latin America.

Designed Withholding Tax functionality for Latin America countries.

Designed manual and electronic VAT and Income Tax statutory reporting functionality including General Ledger for countries such as Peru, Brazil, Mexico, Argentina, Costa Rico, Dominican Republic, and Chile all in accordance with the local tax authorities.

Industry: Automotive, KSM Casting, Germany / North Carolina

Project Description/Scope: SAP FICO Implementation/Rollout

Role: Senior FI/CO Consultant

Duration: 06/14 – 09/14

Responsibilities/Deliverables: Responsible for SAP localization solution and implementation of SAP Financial and Controlling which included FI, CO, PS, CS, COPA, CO-PC, Tax. The goal of the solution was to implement a newly built plant in North Carolina for KSM Casting a first tear automotive supplier.

Designed Chart of Accounts for US.

Built new tax procedures such as Machinery tax for North Carolina.

Configured new Asset Management module according to US rules and regulations and migrated assets.

Extended product costing for standard cost rollups and overhead calculations.

Built split valuation for subcontracting materials.

Redesigned COPA module to include US related reporting functionality.

Set up Month/Year end closing procedures.

Industry: Medical Devices, Medical Action Industries, NY

Project Description/Scope: SAP FICO Implementation/Rollout

Role: Senior FI/CO Consultant

Duration: 01/14 – 05/14

Responsibilities/Deliverables: Responsible for SAP solution and implementation of SAP Financial and Controlling which included General FI/CO, COPA, Product Costing.

The goal of the solution was to replicate the entire Medical Action Industries SAP environment as part of the divestiture of the largest manufacturing plants.

Designed Costing sheet for Overhead calculations for the new plant.

Defined costing Variant and new Variance keys.

Built new transfer structure. Built new COPA reports and derivations.

Build Results Analysis to calculate WIP.

Configured Material Ledger for standard vs. actual comparison.

Configured Vistex as required for the use of rebates of the new company code.

Migrated and build new Asset Management data with new depreciation terms as per new company.

Designed new General Ledger structure for the new company code.

Built new Logistics Invoice Verification (LIV) process.

Designed new tax rules and tax pricing procedures for the new company code.

SAP America consultant for:

Industry: Aviation, Flight Safety International, NY

Project Description/Scope: SAP FICO Process Reengineering Blueprint

Role: Senior FI/CO Consultant

Duration: 04/13 – 12/13

Responsibilities/Deliverables: Responsible for SAP custom solution blueprint design for all aspects of SAP Asset Management within depth integration of all SAP FICO, Procurement, Inventory, and Plant Maintenance modules for the largest global aviation safety company with multi-currency environment.

The goal of the solution was to replicate the entire Flight Safety inventory within Asset Management module. This solution design was a key element used in conjunction with business reengineering processes to:

Optimize the management of the growing assets;

Provide new levels of visibility to inventory and other supply chain component to optimize demand planning, procurement and distribution processes.

Modules utilized Order to Cash, Procure to Pay, Asset Management, Financial Accounting, Cost Accounting, Material Management, Inventory, Plant Maintenance.

Industry: Retail, PVH, NJ

Project Description/Scope: SAP FICO Blueprint

Role: Senior FI/CO Consultant

Duration: 03/13 – 04/13

Responsibilities/Deliverables: Responsible for new global SAP implementation blueprint design for all aspects of SAP FICO modules for 8$ billion dollar retail enterprise which includes prominent brands such as Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Speedo, Warner's, Olga and G.H. Bass.

Modules utilized AP, AR, AA, PS, FI, CO, PA, PC, Tax

Localization countries included:

oAsia (China, HK, Korea, Singapore, Malaysia, Taiwan, New Zealand, Australia

oCentral America (Mexico)

oLatin America (Peru, Chile, Uruguay, Brazil)

oNorth America (U.S., Canada)

Blueprinted future design for multi-currency chart of accounts, fiscal calendars, organizational hierarchy (Profit Centers).

Industry: Pharmaceutical, Sanofi-Aventis, NJ

Project Description/Scope: SAP FICO Consultant

Role: Senior FI/CO Consultant

Duration: 03/11 - 03/13

Responsibilities/Deliverables:

Sanofi Dermik Divesture to Valeant Pharmaceuticals:

Responsible for the Project Management as well as leading all SAP Asset Accounting, Project Systems, Cost Accounting, and Product Costing activities during SANOFI $500 million dollar divestiture of dermatology unit to Valeant Pharmaceuticals.

Designed Material ledger for additional foreign currency evaluations

Configured SAP for foreign currency translation under FASB52

Configured Valeant Pharmaceuticals chart of Depreciation and enabled bonus depreciation calculation.

Led Asset Accounting impairment for selective Sanofi production plant closures and transfer of Assets to Valeant Pharmaceuticals.

Designed and Configured COPA to product Efficiency Variance Reports

Built Closing Cockpit to monitor and speed up finance closing process.

Configure Costing Sheet with all its components such as Overhead Groups and Costing Variants to valuate material components and internal manufacturing activities such as for factory overhead, quality overhead, sub-contracting etc.

Participated in numerous external and internal system audits from financial and accounting perspective. Mitigated SOD control issues.

Genzyme implementation:

Played an advisory and Solution Architect role for CO and Product Costing for $20.1 billion acquisition of Genzyme Pharmaceutical by Sanofi-Aventis.

Ariba implementation:

Participated in Ariba implementation to build centralized purchasing system both for US and Canada.

Designed Ariba reports to accommodate for multiple foreign currencies.

Build GR/IR reconciliation with third party Ariba purchasing system.

Designed Purchase Price Tolerances.

SourceNet Implementation:

Designed AP process to outsource Accounts Payable to third party SourceNet system for processing both for US and Canada. The system was designed to receive invoices with more than two dozen currencies.

Configured AP Down Payment functionality to work with SourceNet.

Designed AP Tolerances.

Configure use taxes for both US and Canada.

Ad-hoc Projects

Designed Product Costing Cost Estimates

Created Template allocation to assign overhead

Designed sub-contracting manufacturing for Sanofi Canada.

Built tax system for Sanofi Canada including GST, HST, PST.

Configured number of GL only company codes for Sanofi legal acquisitions.

Worked on Treasury, lockbox, end Bank statements.

Designed and configured Travel Management system both for US and Canada

Designed and configured both Vertex and Taxware for different Sanofi companies.

Designed and Configured SAP Accrual Engine functionality for North America Sanofi and Genzyme Pharmaceutical Operations to record and amortize all prepaid expenses such as for GIS, Sponsorships, Licensing, Medical FDA Fees, Market Research etc.

Industry: Pharmaceutical, Novartis - Sandoz, NJ

Project Description/Scope: Lead SAP Asset Accounting, Project Systems, Investment Management, and R&D (BDNL) as part of the global template rollout.

Role: Senior FI/CO Consultant

Duration: 05/2010 – 03/2011

Responsibilities/Deliverables: Responsible for leading all SAP Asset Accounting, Project Systems, Investment Management, and R&D (BDNL) activities from blueprint throughout realization and integration of global template rollout project lifecycle.

Industry: Public Sector, New Jersey Sports and Exposition Authority, NJ

Project Description/Scope: SAP Budgeting/Planning

Role: Senior FI/CO Consultant

Duration: 04/2009 – 05/2010

Responsibilities/Deliverables: Designed and Implemented SAP Project Systems functionality in order to monitor administrative overhead applied against projects facilitating the proper State of New Jersey Grants and Funds Management Accounting. Designed Resource Related Billing. Designed Fixed Assets. Configured EBS and Lockbox.

Industry: Pharmaceuticals, Barr Pharmaceutical / Teva Pharmaceutical, NJ

Project Description/Scope: SAP ECC 6.0 Implementation

Role: Senior FI/CO Consultant

Duration: 08/2008 – 04/2009

Responsibilities/Deliverables: Fixed Assets, Accounts Payable, COPA, PS, Vertex.

Industry: Public Sector, State of Utah, UT

Project Description/Scope: SAP ECC 6.0 Project Systems

Role: Senior FI/CO Consultant

Duration: 04/2008 – 08/2008

Responsibilities/Deliverables: Responsible for leading SAP Project Systems and Grants/Funds Management activities. Configured New GL. Configured House Banks, Bank Accounts, Bank Posting Rules, and Clearing Accounts for proper Cash Accounting integration. Designed Project System module.

Industry: First tier automotive supplier Sika plant in Grandview, MO

Project Description/Scope: SAP ECC 6.0 Implementation

Role: Senior FI/CO Consultant

Duration: 10/2007 – 04/2008

Responsibilities/Deliverables: Responsible for leading all SAP FI and CO design as well as configuration activities. Developed very complex month-end closing processes which required reconciliation of multiple legacy systems. Designed global chart of accounts, new GL. Foreign Currency. Designed CO-PA module. Configured Electronic Bank Statement functionality (EBS) and Lockbox. Implemented Vertex for Sales and Use tax.

Industry: Media, Publishers Circulation Fulfillment, MD

Project Description/Scope:

Role: Senior FI/CO Consultant

Duration: 07/2007 – 10/2007

Responsibilities/Deliverables: Responsible for leading financial IS-Media implementation. New GL, Accounts Receivable with Revenue Recognition.

Industry: Media, QVC, PA

Project Description/Scope: SAP Accounts Receivable

Role: FI/CO Consultant

Duration: 04/2007 – 07/2007

Responsibilities/Deliverables: Responsible to build Accounts Receivable Design to merge and automate third party Sales systems into SAP.

Industry: Chemicals; FujiFilm Corporation, NY

Project Description/Scope: SAP Implementation - Global Rollout

Role: Senior SAP FICO Consultant

Duration: 12/2006 – 04/2007

Responsibilities/Deliverables:

Responsible for leading FI/CO, Project Systems, Fixed Assets, Vertex for US and Canada.

Industry: Retail, Louise Vuitton Watch & Jewelry, NJ

Project Description/Scope: ECC6.0 Upgrade

Role: Senior FI/CO Consultant

Duration: 12/2005 – 08/2006

Responsibilities/Deliverables: Responsible for leading all SAP FI/CO activities for LVMH ECC6.0 upgrade project such as business process conversion and redesign, testing, delta training. Configured AR, Treasury, Banking, Fixed Assets.

Industry: Chemical, Crompton/Chemtura Corporation CT (Great Lakes Chemical)

Project Description/Scope: Convergence - 4.70 Go Live and Support of Chemtura’s production system

Role: FI/CO Consultant

Duration: 08/2004 – 12/2005

Responsibilities/Deliverables: Supported Crompton’s production system after going live in July 2005, main areas covered Finance and COPA. Reconciliation of COGS. Fixed Assets configuration. Configured Business Processes for Consignment and Pipeline Settlements. Implemented Vertex.

Industry: Chemical, BioLab GA (Great Lakes Chemical)

Project Description/Scope: Phoenix - 4.70 Roll-out of BioLab into Great Lake’s SAP system after acquisition of BioLab

Role: Senior FI/CO Consultant

Duration: 08/2004 – 12/2005

Responsibilities/Deliverables: Was primarily responsible for implementing Accounts Payable with Workflow as well as Vertex for Sales and Use tax including GST, PST, and HST taxes for Canada. Participated in General Ledger set-up and Accounts Receivable implementation including Profitability Analysis (COPA).

Industry: Chemical, Great Lakes Chemical IN

Project Description/Scope: Enable - 4.70 FI/CO Helpdesk support after going live with upgrade for Great Lakes Chemical Corporation

Role: Senior FI/CO Consultant

Duration: 08/2004 – 12/2005

Responsibilities/Deliverables: Provided worldwide FI and CO helpdesk support for Great Lakes Chemical Corporation for modules GL, AR, AP, PS, CO-CEL, CO-CCA, CO-OPA, PC, PCP, COPA, and Vertex

Industry: Retail, Louise Vuitton Watch & Jewelry, NJ

Project Description/Scope: Integrated Receivables

Role: Senior FI/CO Consultant

Duration: 04/2004 – 08/2004

Responsibilities/Deliverables:

Implemented Cash, House Banks, Lockbox, Accounts Receivable

Industry: Financial/Banking, Green Tree MN

Project Description/Scope: 4.5B to 4.70 Enterprise upgrade

Role: Senior FI/CO Lead Consultant

Duration: 01/2004 – 04/2004

Responsibilities/Deliverables:

Built/Designed AR, AP, GL, CO-CC, CO-IO, PS, AA, Banking, Lockbox.

Industry: Public Sector, New Jersey Sports and Exposition Authority NJ

Project Description/Scope: Special Purpose Ledger

Role: Senior FI/CO Lead Consultant

Duration: 10/2003 – 12/2003

Responsibilities/Deliverables:

Redesigned Special Purpose Ledger (SPL) processes to increase performance.

Industry: Chemicals, Chemetall Oakite Products NJ

Project Description/Scope: SAP upgrade 4.0B to 4.6C

Role: Senior SAP FI/CO Consultant

Duration: 07/2003 – 10/2003

Responsibilities/Deliverables:

Designed Profitability Analysis (COPA), Product Costing (PC),

Industry: Financial Services, Janus Funds Inc. CO

Project Description/Scope: SAP implementation

Role: Senior SAP FI/CO Consultant

Duration: 03/2003 – 07/2003

Responsibilities/Deliverables:

Designed General Ledger (GL), Cost Center Accounting, Profit Center Accounting, Special Ledger.

Industry: Optical Manufacturing, Veeco Industries MN, NY

Project Description/Scope: SAP 4.6c Implementation

Role: Senior SAP FI/CO Consultant

Duration: 12/2002 – 03/2003

Responsibilities/Deliverables:

Fixed Assets, Foreign currency valuation, Special Purpose Ledger, COPA, Project Systems (PS), Data migration.

Industry: Electronic Components, Thomas & Betts Inc. TN

Project Description/Scope: SAP HR/FI/CO Integration Project

Role: SAP Technical/Functional

Duration: 08/2001 – 12/2002

Responsibilities/Deliverables: EDI/ALE development of HR/FI/CO modules. Personnel Management, Time Management, Payroll, Training, Event Management, and Organizational Management.

Industry: Electronic Manufacturing, Brother Industries USA TN

Project Description/Scope: Upgrade for 3.1H to 4.6B.

Role: SAP FI/CO Technical /Functional

Duration: 07/2000 – 08/2001

Responsibilities/Deliverables: Product Costing. Project Systems planning.

Industry: Manufacturing, MUL-T-LOCK USA, Inc. NJ

Project Description/Scope: SAP 3.1H implementation for all 5 plants of largest key manufacturing company located in 5 different states of US. Implemented Product Costing, Project Systems, Profit center Accounting, Cost Center Accounting, International Orders.

Role: SAP FI/CO

Duration: 1997 – 2000

EDUCATION

NJIT - New Jersey Institute of Technology

Majors: Information Systems and minor Finance – July 1996

Citizenship

US Citizen

Speaking Engagements

2011 SAP Financials Conference speaker - Budget Management Functionality to Administer Budgets for Investment Management, Project Systems, Internal Orders, and Cost Centers

2011 SAP Financials Conference speaker - Detailed Lessons to Reduce Electronic Bank Statement Processing and Reconciliation Time

2008 SAP Financials Conference speaker - Month-end, General Ledger, and CO/PS Budgeting

2007 SAP Financials Conference speaker - Month-end closing (Closing Cockpit)

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