HERBERT A. SOVAY
Wakefield,USA
Summary
Dynamic professional manager with extensive expertise in Procure-to-Pay processes and a proven track record of overseeing complex projects to ensure timely delivery. Strong skills in strategic planning, budget management, process transformation, ERP utilization, and risk assessment. Committed to fostering a collaborative team environment that drives results while adeptly adapting to evolving business needs. Recognized for reliability, leadership qualities, and exceptional communication abilities that enhance organizational effectiveness.
Overview
2024
2024
years of professional experience
Work History
Accounts Payable Director
TRANSMEDICS, INC.
Andover, Massachusetts
01.2025 - 2025
- Managed the complete Accounts Payable process for this $1B manufacturing company.
- Streamlined Accounts Payable and Procurement processes.
- Processed 7,000 invoices per month.
- Preparation of monthly Journal Entries, as well as uploads to ERP.
- Preparation of monthly Accounts Payable Account Reconciliations.
- Development of monthly KPIs.
- Utilization of FloQast for AP processing month end close tracking.
- Assisted in Project Management for Accounts Payable ERP Enhancements.
- Processed improvement review.
- Responsible for month-end close process for Accounts Payable. This includes general ledger postings, accruals, and account reconciliations.
- Managed staff of twelve.
- Accounting Software Utilized: QAD General Ledger, Accounts Payable, Purchasing.
Accounts Payable Manager
NOVANTA CORPORATION
Bedford, Massachusetts
01.2024 - 2024
- Managed the complete Accounts Payable process for this $1B manufacturing company.
- Processed 10,000 invoices per month.
- Preparation of monthly Journal Entries, as well as uploads to ERP.
- Preparation of monthly Accounts Payable Account Reconciliations.
- Development of Monthly KPIs.
- Process improvement review (Kaizen) – for the complete Accounting cycle.
- Responsible for month-end close process for Accounts Payable. This includes general ledger postings, accruals, and account reconciliations.
- Managed staff of sixteen..
- Accounting Software Utilized: Oracle Fusion General Ledger, Accounts Payable, Purchasing.
Operations & Process Manager, Accounts Payable
RAKUTEN AMERICAS
Boston, Massachusetts
01.2021 - 01.2024
- Managed the complete Accounts Payable Process for this $4B online retailing company.
- Developed improved policy and procedural documentation for Purchasing, T&E, and Accounts Payable.
- Responsible for month-end close process for Accounts Payable. This includes general ledger postings, accruals, and account reconciliations.
- Process improvement review (Kaizen) - for the complete Accounting cycle.
- Managed unclaimed property escheatment review and execution as required.
- Streamlined Accounts Payable and Procurement processes.
- Assisted in the development and implementation of AI assisted RPA for invoice and payment processing.
- Managed numerous process/system enhancement initiatives.
- Collaborated with the Treasury Team on numerous cash control initiatives.
- Project managed the scoping and implementation of FloQast.
- Managed staff of eight.
- Accounting Software Utilized: Oracle Fusion General Ledger, Accounts Payable, Purchasing, iExpense, COUPA.
Project Manager: Oracle / ATLAS
AMERICAN TOWER
Boston, Massachusetts
2020 - 2020
- Managed comprehensive Project Plan for technology relating implementation of a Property Management tool ATLAS/Oracle Fusion add-on.
- Organized and led daily Scrum meetings to assess project status.
- Developed and led weekly management and stakeholder status meetings.
- Assessed Risk for the current phase of the Project and made recommendations for managing such.
- Reviewed and made recommendations for efficiencies in utilization of Oracle Property Manager.
- Reviewed and assessed utilization of Oracle BI Reporting and made recommendations for new reports and modifications of the existing.
Project Manager: Procure-to-Pay, Global Business Services Transformation (Functional/Technical)
INDIGO AGRICULTURE
Charlestown, Massachusetts
2019 - 2019
- Developed and managed comprehensive Project Plans for both process and technology related global transformation efficiencies (inclusive of multi-system integrations)
- Ran daily Scrum meetings to assess project status.
- Partnered with PWC and Genpact to identify (70) process and technology improvement opportunities.
- Assisted in the development of Metrics/KPIs for Procurement, Accounts Payable, General Ledger, Treasury and General Ledger operations.
- Assisted in the development of new policy and procedure, as well as refinement of existing.
- Assisted in the development of improved workflow in Oracle Fusion (Segregation of Duties, for audit requirements).
- Managed the transition of Procurement Operations from contracted third party - BioProcure, to Indigo.
- Managed the review and determination of a new Procurement ERP, Coupa.
- Project Managed the implementation of Coupa.
- Participated in weekly Executive status update presentations.
Project Manager: Procure-to-Pay, Finance Shared Services (Functional/Technical)
IRON MOUNTAIN
Boston, Massachusetts
2018 - 2018
- Partnered with the Hackett Group to Project Manage efforts to determine procedural and technological efficiencies for the complete Iron Mountain P2P process (process review, training materials, helpdesk methodology, ERP configurations and utilization, approval workflow, reporting metrics).
- Developed and managed comprehensive Project Plans for both process and technology related global transformation efficiencies.
- Performed process and technology discovery exercises with business stakeholders, resulting in determination of (40) process and technology efficiency opportunities.
- Supported the strategic direction of all Financial Shared Services activity across all Iron Mountain business operations, in order to transform from a decentralized to a centralized P2P model.
- Participated in the review and selection of a Cloud based platform for global P2P processing (Oracle Fusion).
- Participated and facilitated several process improvements workshops across all business lines.
- Developed improved communication methodology for P2P processes, facilitating improved lines between the business and support functions (AP and Procurement to its' users).
- Accounting Software: Oracle Financials vR12 (Accounts Payable, Purchasing)
IT Finance Systems Manager/Project Manager
SAREPTA THERAPEUTICS
Cambridge, Massachusetts
01.2018 - 2018
- Managed the portfolio of applications utilized by the Finance department, notable Oracle Cloud, Concur, Host Analytics.
- Project Manage varying IT Projects.
- Managed process automation, general support, training, reporting enhancements, and configurations to support new or existing business lines of business.
- Hands on management of the Production, Test and Development environments-inclusive of version updates and patch releases.
- Planned and executed analysis and implementation of future functionality in collaboration with the Finance, HR, Legal teams.
- Served as point of contact for the Finance, HR and Legal teams on IT systems.
- Managed and participated in Break/Fix efforts reported in Service Now issue tracking platform.
- Analyzed complex data sets and translate them to Finance Team in a practical mate.
Manager, Accounts Payable
PUBLIC CONSULTING GROUP
Boston, Massachusetts
01.2017 - 01.2018
- Managed the Accounts Payable processes for this $400M Privately Held Consulting Company.
- Developed improved policy and procedural documentation for Purchasing, T&E, and Accounts Payable.
- Responsible for month-end close process for Accounts Payable. This includes general ledger postings, accruals and account reconciliations.
- Managed Expense Report reimbursement processing within the Data Basics Expense tool.
- Managed staff of eighteen.
- Responsible for Cash Disbursements of more than $10M per month.
- Accounting Software: Microsoft Solomon Dynamics (Accounts Payable, Projects, Fixed Assets, General Ledger).
Senior Manager Shared Services
AMERESCO INC.
Framingham, Massachusetts
01.2014 - 01.2017
- Managed the Accounts Payable, Accounts Receivable and Purchasing/Procurement processes for this $600M Public Energy Company.
- Managed Expense Report reimbursement processing within the Concur Expense tool.
- Responsible for month end close process for the Accounts Payable and Purchasing Ledgers.
- Functional Lead for the implementation of e-Payables (Accounts Payable invoice processing and workflow).
- Functional Lead for the implementation of Knowledge Lake Imaging for Accounts Payable Invoices)
- Centralized the global Purchasing function from remote office locations, to the headquarters location.
- Project Managed a team to determine and develop improved policy and procedural documentation for Purchasing/Procurement, T&E,and Accounts Payable.
- Developed and maintained process Metrics.
- Managed staff of twelve.
Senior Manager Accounts Payable, Purchasing/Procurement and Travel
ASPEN TECHNOLOGY INC.
Cambridge, Massachusetts
01.2006 - 01.2014
- Managed the Accounts Payable, Purchasing and Travel processes for this $600M Public Global Software Company.
- Worldwide process owner for Oracle Accounts Payable, Purchasing, iProcurement, and iExpense. Created and maintained all Policy and Procedural documentation. (26 Worldwide Entities)
- Managed the implementation process for Concur On-line Travel Booking.
- Managed all Audit exercises, inclusive of Sarbanes Oxley testing.
- Responsible for month-end close process for Accounts Payable and Purchasing/Procurement. This included general ledger postings, accruals and account reconciliations.
- Project Managed the consolidation of Accounts Payable and Purchasing/Procurement processing from all Aspen Technology worldwide locations to the United States headquarters location.
- Developed improved policy and procedural documentation for Purchasing/Procurement, Accounts Payable, Travel and Expense Report processing.
- Developed and maintain department Metrics.
- Managed staff of thirteen.
- Accounting Software: Oracle Financials v11i (Accounts Payable, Projects, General Ledger, Purchasing, iProcurement, iExpense).
Education
Bachelor of Accountancy - Accounting
Bentley College
Waltham, MAAssociates of Business Accountancy - Accounting
Johnson State College
Johnson, VT01-1986
Skills
- Oracle Cloud/Fusion(Functional/Technical), Oracle Property Management, SAP Financials, Serengeti for Legal, Great Plains Financials(Functional/Technical), Lawson Financials(Functional/Technical), MS Solomon Dynamics, MS Excel, MS Word, MS PowerPoint, MS Project, e-Payables, Business Objects, TradeShift, Coupa, JIRA, ALM, MuleSoft, Service Now, Zip Bench, BOX, SmartView, Asana, Workday, Vision360, QAD, Smartsheets
Timeline
Accounts Payable Director
TRANSMEDICS, INC.
01.2025 - 2025
Accounts Payable Manager
NOVANTA CORPORATION
01.2024 - 2024
Operations & Process Manager, Accounts Payable
RAKUTEN AMERICAS
01.2021 - 01.2024
IT Finance Systems Manager/Project Manager
SAREPTA THERAPEUTICS
01.2018 - 2018
Manager, Accounts Payable
PUBLIC CONSULTING GROUP
01.2017 - 01.2018
Senior Manager Shared Services
AMERESCO INC.
01.2014 - 01.2017
Senior Manager Accounts Payable, Purchasing/Procurement and Travel
ASPEN TECHNOLOGY INC.
01.2006 - 01.2014
Associates of Business Accountancy - Accounting
Johnson State College
Project Manager: Oracle / ATLAS
AMERICAN TOWER
2020 - 2020
Project Manager: Procure-to-Pay, Global Business Services Transformation (Functional/Technical)
INDIGO AGRICULTURE
2019 - 2019
Project Manager: Procure-to-Pay, Finance Shared Services (Functional/Technical)
IRON MOUNTAIN
2018 - 2018
Bachelor of Accountancy - Accounting
Bentley College