MANJINDER PANCAR
Fremont,CA
Overview
27
27
years of professional experience
Work History
Head of Digital Transformation & IT Finance
Hewlett Packard Inc.
01.2022 - 12.2024
- Served as a trusted financial partner to the Chief Transformation Officer, responsible for the strategic and financial planning, annual budgeting, forecasting and stewardship of the newly formed transformation organization, with a comprehensive annual budget of $1.5B, encompassing operating expenses, capital digital expenditures, and restructuring charges
- Built and managed a team of 45 finance professionals, fostering a culture of agility, collaboration, and innovation, to drive business outcomes, and support the organization's transformation efforts
- Developed and executed a HPs' digital investment portfolio, comprising of +150 transformation projects, which yielded $258M in operational cost savings and a $193M increase in digital investments, through the implementation of zero-based budgeting, strategic resource allocation and driving operational efficiencies
- Provided financial support and guidance for HP's comprehensive digital transformation strategy, encompassing core modernization, platform re-platforming, cyber security, business growth enablement, AI and digital solution deployment, and operational optimization through automation
- Presented digital transformation finance KPIs to the CEO on a quarterly basis, providing insights and recommendations to inform business strategy
- Developed and instituted a rigorous set of processes, controls, and KPIs to ensure strategic digital investments yielded tangible value/ROI, with a proven track record of delivering on annual financial commitments with 99%+ forecast accuracy
- Achieved a significant reduction in financial reporting time (15%) by developing and deploying an organically built Hyperion tool, which automated reporting processes and provided real-time dashboard insights
Head of HP - Information Technology Finance, -Senior Director
Hewlett Packard Inc.
01.2017 - 01.2022
- Oversaw the financial management of HP's $850M IT annual budget, providing strategic financial guidance and support to the Chief Information Officer and IT leadership team to drive technology-enabled business transformation
- Successfully led a team of 25 professionals to achieve significant operational efficiencies through the implementation of automation and digitization initiatives, resulting in a remarkable improvement in employee satisfaction scores from 34% to 93%
- Led quarterly CEO business reviews, showcasing IT finance KPIs and metrics to provide transparency and accountability, and to ensure alignment with the company's overall business strategy and objectives
- Supported the financial aspects of a global ERP implementation project, which yielded $293M in net benefits by consolidating legacy systems into a single, unified One ERP platform, enabling improved financial visibility, and streamlining business processes across Pan HP
- Successfully facilitated the integration of acquired companies into the IT organization, ensuring seamless alignment of IT infrastructure and platforms, and enabling the realization of synergies and business value
Head of Financial Planning and Analysis, Enterprise Services Americas – Director
Hewlett Packard Inc.
01.2015 - 01.2017
- Spearheaded the Americas Regional FP&A team, driving strategic finance initiatives and priorities, consistent with the Enterprise Services Finance Operating Model, and enabling informed business decisions that contributed to the region's $7B revenue
- Served as a trusted finance partner to the Region General Manager, Chief Financial Officer, and Financial Planning & Analysis (FP&A) leader, providing strategic financial guidance and support to drive business growth and profitability
- Led the standardization of reporting across the region, establishing a unified reporting framework that conformed to the business vision, and enabled consistent and reliable financial insights to inform strategic decisions and drive growth
- Developed and presented fact-based analytics to executive leadership, highlighting revenue and profit expansion opportunities and enabling data-driven decision-making to drive business success
- Successfully supported the region with highly accurate forecasting, achieving 99%+ accuracy, during a period of significant company transformation, including restructuring and the HP spin/merger, and with limited resources, showcasing ability to deliver results in complex and dynamic environments
Apps Global Delivery, Software & Compliance, Enterprise Services - Senior Finance Manager
Hewlett Packard Inc.
01.2014 - 01.2015
- Led $400M+ Delivery and $26M Software Spend across 7 Global Delivery Centers with 15k Headcount
- Led team of 18 direct reports supporting business leaders in 7 countries inclusive of In-House Global delivery compliance team
- Enhanced financial KPIs by being a value-add partner to Business and Finance Leader
- Boosted utilization and productivity across delivery centers by partnering strategically with Operations leader
WW Supply Chain, Enterprise Group - Senior Finance Manager
Hewlett Packard Inc.
01.2012 - 01.2014
- Drove business growth and profitability for the $21B+ Enterprise Business group by developing and implementing strategic financial initiatives, enhancing cost of sales analytics, and exceeding P&L targets through effective collaboration with executive leadership and cross-functional teams
- Led a team of 6, supporting four business units across 14+ regional/factory analysts, fostering a culture of teamwork
- Implemented advanced supply chain financial models supporting executive decisions, significantly improving gross margin analysis
- Revamped organizational and reporting structures, establishing a 'Best in class' Cost of Sales analytics team, enhancing reporting cross-regional collaboration and forecast accuracy
- Maintained stringent financial oversight by facilitating key collaborations with auditors for ESC Variance and Excess and Obsolescence testing
Enterprise Group - Supply Chain Reporting Lead
Hewlett Packard Inc.
01.2007 - 01.2012
Project Team Lead
Applied Materials
01.2006 - 12.2006
Various roles as Financial Analyst
Solectron
01.1998 - 12.2004
Education
Bachelor of Science (BS) - Accounting
San Jose State University
Skills
- Transformation Finance
- Financial Management
- Strategic Planning
- Leadership
- Team Development
- Process Improvement
- Analytical
Recent Career Highlights
- Built and developed HP's digital investment portfolio of +150 projects supporting transformation and AI strategy.
- Strategic Cost Reduction: Reduced operational cost by $258M, increasing investments by $193M via transformation projects.
- Forecast Accuracy Excellence: Intense focus on achieving 99%+ forecast accuracy.
- ERP Implementation Success - Pan HP: Supported to deliver $293M net benefits from global ERP system transition via robust financial program management.
- Financial Reporting Efficiency: Achieved 15% cut in reporting time by implementing Hyperion tool delivering cost benefits.
- Employee Satisfaction Leader: Improved employee satisfaction scores from 34% to 93%.
Timeline
Head of Digital Transformation & IT Finance
Hewlett Packard Inc.
01.2022 - 12.2024
Head of HP - Information Technology Finance, -Senior Director
Hewlett Packard Inc.
01.2017 - 01.2022
Head of Financial Planning and Analysis, Enterprise Services Americas – Director
Hewlett Packard Inc.
01.2015 - 01.2017
Apps Global Delivery, Software & Compliance, Enterprise Services - Senior Finance Manager
Hewlett Packard Inc.
01.2014 - 01.2015
WW Supply Chain, Enterprise Group - Senior Finance Manager
Hewlett Packard Inc.
01.2012 - 01.2014
Enterprise Group - Supply Chain Reporting Lead
Hewlett Packard Inc.
01.2007 - 01.2012
Project Team Lead
Applied Materials
01.2006 - 12.2006
Various roles as Financial Analyst
Solectron
01.1998 - 12.2004
Bachelor of Science (BS) - Accounting
San Jose State University
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