Summary
Overview
Work History
Education
Skills
Websites
Education
Accomplishments
Personal Details
References
Timeline
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SIBABRATA SUTAR

Dallas,TX

Summary

Accomplished Global Treasury Advisory Manager with a proven track record at EY and IBM India Pvt Ltd, specializing in treasury solution architecture and centralized payment transformation. Expert in leading digital treasury transformations using S4 technology, demonstrating exceptional strategic planning and leadership skills. Achieved significant enhancements in corporate treasury processes, with a focus on efficiency and innovation.

Overview

13
13
years of professional experience

Work History

Global Treasury Advisory Manager

EY
, USA
07.2024 - Current
  • Details: Wave 4 APAC Banking and Treasury Implementation, In house cash wave 4 APAC rollout
  • Ability to process and post Cashless Intercompany payments within the same Bank Area as well cross Bank area participants
  • Ability to adjust the Interest and WHT calculation and post only the delta when there are changes to loan balances during the IHC Balancing process
  • Ability to capture the ZBA movements between IHB participant and IHB Entity from the IHB's Entity Electronic Bank Statement and automatically create PO to book the ZBA movements as Intercompany Loan between the participant and the IHB Entity
  • Ability to handle cut-over process to transfer the loan balances from the APAC Technical Company Codes (that were implemented during Wave 2) for the APAC entities to participate in the ZBA with CCH1 to the Actual APAC company codes at go live.

Global Treasury Advisory Manager

Paypal
, USA
06.2024 - 11.2024
  • Project Details: In-House Bank Assessment and Demo, share a client model of a pooling structure and any restrictions that were faced
  • Update the business case from a qualitative and quantitative point of view as part of the TranS4orm program
  • Build out a sequencing roadmap including getting agreement of the requirements to get to design
  • Discussion with business team on the restricted vs non-restricted entities
  • Clarify the 40-60% bank account restructuring statistics
  • Check and confirm all the payments that are going through BMG will be routed through S4 with IHB
  • Consulting Employer: EY Client: Lightsource BP
  • Project Details: Harmonize SAP BAM, MBC & Payments

Global Treasury Advisory Manager

IBM India Pvt Ltd
, USA
03.2024 - 11.2024
  • Streamline SAP Payments, EBS & Multibank connectivity
  • MBC Onboarding ( 90 Bank Accounts)
  • Assessed and configured MBC setup
  • Restructured payment configurations and DMEE tree
  • Coordinated with banks for testing and go-live
  • Provided knowledge transfer to the EY managed service team
  • EBS Auto Posting ( 311 Bank Accounts)
  • Restructured EBS configuration for 4 banks
  • Configured 2379 EBS search strings
  • Supported testing and go-live
  • Conversion of EBS Flat File to MT940 (SCB, 20 Bank Accounts)
  • Developed a conversion program for bank statements
  • Configured electronic bank statements and search strings
  • Project Details: SAP S4 Treasury Implementation

Managing Consultant

IBM India Pvt Ltd
, Switzerland
04.2023 - 09.2023
  • SAP Bank account management & Multibank connectivity Implementation
  • Business Process Evaluation: Understand and evaluate the client's business processes related to bank account management and multibank connectivity
  • Requirement Analysis: Identify the client's specific requirements and tailor the SAP system to meet these needs
  • Install the connector for SAP Multibank Connectivity on SAP S/4HANA systems
  • Configure the system to handle inbound and outbound messages, set up bank communication channels, and define message formats
  • Define and manage the structure of bank accounts, including hierarchies and relationships between accounts
  • Implement approval workflows for opening, closing, and modifying bank accounts to ensure compliance and control, Project Details: Harmonize Global Treasury Processes

Managing Consultant

IBM India Pvt Ltd
, USA
08.2022 - 03.2023
  • Treasury transformation – pre assessment
  • Assess the compatibility between PayPal’s treasury requirement and SAP Treasury functionality
  • How SAP Treasury standard functionality will require some modification to fully cover Pay Pal’s requirement
  • Designing of the future target state of PayPal Treasury including In-House Bank (IHB)Process Design and
  • Automation, Project Details: Harmonize Global Treasury Processes in S/4 Central Finance (CFin)

Managing Consultant

IBM India Pvt Ltd
, USA
03.2022 - 08.2022
  • Highlights during Project: Global Treasury Template for US & International (Lottery & Gaming) into S/4 Central Finance
  • Cash Management (Cash Balance Reports for all entities in scope)
  • Bank Account Management (replacing File-Maker-Pro)
  • Financial Transactions for Debt / Investment / Risk Management (Bonds, Letter of Credits, Credit Facilities (RCF), Bank guarantees, Treasury Strips, Interest rate swaps, FX hedging)
  • IC Loans Management (replacing File-Maker-Pro)
  • FX Exposure Reporting
  • Responsibilities/Delivery:
  • Preparations and updates on CBM, ADO Tool-Quad A
  • Identification of micro/macro review processes for workshops
  • Conducted workshops on for Debt / Investment / Risk Management (Bonds, Credit Facilities (RCF), IC Loans Management
  • Preparation of conceptual design documents for explore phase
  • Building the above instrument for Debt / Investment / Risk Management (Bonds, Credit Facilities (RCF), IC Loans in S4 System
  • UPM The Biofore Company
  • Project Details: Biofuels ERP -Fit to Template Treasury & Cash

Managing Consultant

IBM India Pvt Ltd
, Saudi Arabia
08.2018 - 07.2022
  • SIPCHEM Petrochemicals
  • Project Details: BCM & EBS implementation & Support, Highlights during Project: BCM & Forex Implementation
  • Project involving green field set up of Payments structure, & Bank communication management & Forex
  • Implementation of Logical structure of payment files for supplier and payroll process
  • Real-time integration with SWIFT via Auto client 1.3.0
  • Processing of FIN for MT101 & FileAct for MX messages
  • Set up complex approval matrix based on roles, amounts and departments
  • Set up Repetitive payment for bank-to-bank transfer
  • Responsibilities/Delivery:
  • Leading Banking team
  • Preparation of blueprint & configuration document
  • Analyse GAPs and preparation of functional design documents
  • Discussion with middle east leading banks (Riyad, SABB & SHB) on payment file structures and ISO codes
  • Responsible for Vendor & Payroll payments by structuring DMEE mapping
  • Responsible for FX modules for entering facilities, borrowing, loans, deposits, currency spots and forwards, non- deliverable forwards
  • Designing on Bank statement Mt940
  • Responsible for outbound payment files to Bank (Pain 001) and payment status reports through SWIFT (Pain 002)
  • PMW (ISO20022) and MT101
  • Processing of new ISO20022 payment status report and other status messages (ACK/NACK)
  • Training & Skill developments of offshore resource

Managing Consultant

SAP Treasury
, Finland
09.2021 - 01.2022
  • Highlights during Project: Fit to Template Treasury & Cash
  • Treasury Innovations & improvement in S/4 for Biofuel ERP
  • Fit-to-template workshop preparation for Treasury & Cash
  • Objective of these workshops is to review UPM Biofuels relevant processes and mapping to the to-be S4HANA or surrounding system solution, leveraging existing UPM template and reference S4 HANA industry best practices
  • Responsibilities/Delivery:
  • Preparations and updates on CBM, ADO Tool-Quad A
  • Identification of micro/macro review processes for workshops
  • Conducted workshops on Bank Account Management (Bank relationship management) supports the administration of the master data of various bank accounts of the whole UPM group
  • Workshops on Bank connectivity, bank statement & Bank transfers
  • Workshops on In house cash solutions for Internal and external payment transactions within UPM group as well for Zerobalancing
  • Finally, preparation of conceptual design documents for explore phase.

Managing Consultant

IBM India Pvt Ltd
, India
01.2021 - 06.2021
  • Axalta
  • Project Details: S4 HANA Design In-House Cash Process, Highlights during Project: Design S4 In-House Cash Process
  • Workshop on designing new In-House Bank structure in EMEA supported by JPM transition
  • Understanding of structure needed for EMEA banking structure
  • Partnering with JPM and leveraging their expertise and partnership to build out solution
  • Responsibilities/Delivery:
  • Provided solution on POBO/ROBO with IHC & JPM Virtual Accounts - Hybrid approach
  • Accounting for JPM Virtual accounts will have to be adjusted to update in SAP IHC – reconciliation, reporting, interest charging within S/4
  • Every participant can route their payments from respective Virtual EUR account in CH
  • JPMC Virtual Acct balance will be used in Cash Flow reporting.

Managing Consultant

IBM India Pvt Ltd
, India
06.2019 - 02.2021
  • Deluxe
  • Project Details: S4 HANA In House cash & Banking implementation
  • Highlights during Project: Bank Communication Management & IHC implementation
  • Workshop on designing new In-House Bank structure in US supported by multiple banks
  • Understanding of structure needed for US banking structure
  • Bank Integration – both inbound & outbound interface with bank
  • Electronic bank statement – format supported Mt940 CAMT
  • Responsibilities/Delivery:
  • Provided Demo on POBO/ROBO processes and benefit of IHC
  • Set up the accounting schema and built the global template for IHC
  • Set up Bank communication management and payment structure design document, Banking Interface- S4 HANA

Managing Consultant

Sony Corporation
, India
06.2019 - 03.2020
  • Highlights during Project: Banking Interface
  • Project involves implementing Payments structure for three treasury centres on S/4 HANA 1809
  • Green field payment structure set up (DMEE) for CITI, HSBC & MUFG on In House Cash OBO platform
  • Discussing requirement with business & defining payment structure based on bank specification
  • Understanding Sony processes all the way from legacy to Ecube to In house cash
  • Responsibilities/Delivery:
  • Validating and preparing the mapping sheet for every DMEE tree
  • Mentoring existing teams and upskilling team on IHC & DMEE mapping
  • Redesigning/restructuring the DMEE tree based on business requirement and bank specification
  • Coordination with Business & Core IHC team on GAPS
  • Client: Colgate-Palmolive
  • Designing Withholding tax for CITI Thailand payments.

Managing Consultant

IBM India Pvt Ltd, SAP Treasury
, India
08.2018 - 05.2019
  • Latam & Asia roll outs- S4 HANA, Highlights during Project: LATAM & ASIA roll out
  • Project involved implementing Payment structure for LATM & ASIAN countries on S/4 Hana 1809
  • Extension of existing North America DMEE tree to LATAM
  • Restructuring payment methods for different payment types
  • Set up Repetitive payments for Bank to Bank & Bank to Business partner
  • Roll out core treasury set up for Forex, IC
  • Extending IHC -receivable on behalf for LATAM countries
  • EBS set up for MT940
  • Negative Interest set up for In house cash centre
  • Responsibilities/Delivery:
  • Leading 3 member teams in offshore and coordinating with US team for this roll out
  • Responsible for Transaction Management (Money Market, Foreign Exchange)
  • Validating and preparing the mapping sheet for DMEE tree
  • Responsible for outbound payment files to Bank (Pain 001 Pain 008) and payment status reports through SWIFT (Pain 002)
  • PMW (ISO20022)
  • Structuring the payment method and extending to roll out countries
  • Discussing requirement with business & defining payment structure based on bank specification
  • Bank account management set up for all entities in scope
  • ROBO process set up for existing In house cash
  • EBS set up for MT940 Structured format.

Managing Consultant

IBM India Pvt Ltd
Hatfield, UK
06.2017 - 08.2018
  • Pitney Bows Limited
  • Project Details: IMPACT Release 2A EUROPE Implementation, Project: IMPACT Release 2A EUROPE Implementation
  • Project involved implementing Payment structure, In house Cash & Bank communication management for Pitney Bows Europe region
  • Project involved Treasury Implementation for UK
  • Money Market products viz
  • Inter-Co Loans with mirroring functionality & Fixed Term Deposits
  • Implementation of Logical structure of payment files (SEPA, BACS, CHAPS, WIRE Transfer, DD)
  • Real-time integration with SWIFT via SAP Integration Package for SWIFT
  • Processing of new ISO20022 payment status report and other status messages (ACK/NACK)
  • Inbound and outbound support of File Act and FIN
  • Cash Allocation & Bank reconciliation between SAP & Oracle
  • Responsibilities/Delivery:
  • Leading 4 member of Banking & Treasury team
  • Preparation of blueprint & configuration document
  • Analyse GAPs and preparation of functional design documents
  • Design IHC blueprint and implemented Payment on Behalf of
  • Discussion with world leading banks on payment file structures and ISO codes
  • Responsible for Money Market products viz
  • Inter-Co Loans with mirroring functionality & Fixed Term Deposits and rolled out across 23 European company codes
  • Includes Configuration, Unit testing, UAT Testing, User training
  • Responsible for SEPA, Direct Debit, Wire transfer & UK BACS payments
  • Settlement and reconciliation of Bank statements
  • Designing on Bank statement XML formats – CAMT053 CAMT054
  • Designing on Intraday statements and memo records- CAMT052
  • Responsible for outbound payment files to Bank (Pain 001 Pain 008) and payment status reports through SWIFT (Pain
  • PMW (ISO20022) and MT101
  • Mapping payment structure in local subsidiaries to route to bank area own entity
  • Training & Skill developments of offshore resource
  • Supporting systemintegration testing.

TaO, Managing Consultant

IBM India Pvt Ltd
12.2014 - 08.2017
  • British American Tobacco
  • Project Details:, Implementation-DG5 NM1, OBO phase 2 Roll Out, Ad Factory, SAP Treasury & Banking Location: UK , Harbour exchange, Highlights during Project: Ad Factory
  • Stabilization of Global Treasury& Banking AD Factory in Offshore
  • Analyse change requests & provide effort estimation
  • Simplification of payment process & reconciliation (ISO 20022/CGI Compliance)
  • SAP In house cash on new entity (Reynold) acquired by client
  • Responsibilities/Delivery
  • SME on In- house cash, Bank communication Management, DMEE XML file structure
  • Resolution on cross bank area process through SAP In house cash on new entity (Reynold) acquired by client
  • Dealing with world leading banks & Core client treasury team
  • Optimizing Bankcommunication management
  • Quality assurance partner for all SAP banking change requests
  • Training & Skill development of Team members on payment structure, In house cash & Bank communication
  • Highlights during Project: OBO Implementation
  • Project involved moving from local entity payments to centralize payments
  • Cash Concentrating & Zero Balancing concept implemented
  • Dealing with leading Banks like CITI, DEUTSCH & Dansk for implementing Virtual Accounts at bank level
  • On Behalf Payments from Head of Treasury dept
  • (Pain 001 Swift net & file act)
  • Correct Cash Inflow report in cash Management forecast
  • Responsibilities/Delivery
  • Preparation Top-down estimation for entire project along with Management operating report
  • Formation of Core team member, coordinating with banks to synchronize testing environment as well prodn go live
  • Designing & sketching the requirement in to SAP system
  • Mapping payment structure in local subsidiaries to route to bank area own entity
  • Dealing with Bank on XML payment files with CGI complaints
  • Managing offshoredelivery team
  • Mentoring team members on SAP In house cash and Bank communication Management
  • Highlights during Project: DG5 & NM1 Implementation
  • Addition to IHC and BCM, good exposure in Liquidity Planner, Cash Management solution integration with treasury deal
  • Delivering SAP Treasury modules- MM and FX modules for entering facilities, borrowing, loans, deposits, currency spots and forwards, non-deliverable forwards
  • More process-oriented road map for zero defect hyper care
  • Project involved moving from Idocs (PAYEXT) to PMW (ISO20022) and MT101, BCM implementation, Host2Host to SWIFT net, testing with banks
  • Around 2000 bank accounts are in SCOPE for set up EBS with MT940
  • Involved as a key banking consultant in TaO DG5 rollouts
  • Apart from my normal TaO DG5 delivery, I have proactively taken additional responsibility for editing DMEEs trees (Pilot to DG5 ) to retrofit requirements for SP13 using ISO formats and CGI rules
  • Involved in Implementation of IHC external payment, payment on behalf of and Receivable on behalf
  • Responsibilities/Delivery:
  • Leading and Providing SME support for Core banking & in-house cash to offshore team
  • Implemented solutions in SAP Core Banking, which includes automation of the Commercial and Treasury Payments (via XML PAIN and Swift Messages), upload of Electronic Bank Statements (MT940) for bank reconciliation
  • Configuring MM and FX modules for entering facilities, borrowing, loans, deposits, currency spots and forwards, non- deliverable forwards
  • Treasury accounting of the above products under IFRS and local requirements
  • Configuring payments, Banking, bank communication management and Liquidity planner
  • Customize from automatic payment program me FBZP , Electronic bank statement (EBS) setting New IHC functionality set up and automatic payment request (F11CU)
  • Adhere MT940 international unstructured for uploading bank statement for certain countries
  • Implemented Payment Medium Workbench (PMW)
  • Trees for DME
  • Configuring and implemented BCM.

Managing Consultant

IBM India Pvt Ltd, Colgate-Palmolive
, India
04.2017 - 07.2017
  • Highlights during Project: BCM & Core treasury
  • Project involved green field set up of Payments structure, Bank communication management & Core Treasury
  • Implementation of Logical structure of payment files & Real-time integration with SWIFT via Auto client 1.3.0
  • Project involved moving from Idocs (PAYEXT) to PMW (ISO20022)
  • Set up Repetitive payment for bank-to-bank transfer & bank to Business partner
  • Responsibilities/Delivery:
  • Leading 3 members of Banking team
  • Preparation of blueprint & configuration document
  • Analyse GAPs and preparation of functional design documents
  • Discussing requirement with business & defining payment structure based on bank specification
  • Responsible for Vendor and repetitive payments by structuring DMEE mapping
  • Designing on Bank statement Mt940
  • Responsible for outbound payment files to Bank (Pain 001) and payment status reports through SWIFT (Pain 002)
  • PMW (ISO20022) and MT101
  • Processing of new ISO20022 payment status report and other status messages (ACK/NACK)
  • Training & Skill developments of offshore resource

Managing Consultant

IBM India Pvt Ltd
, Denmark
01.2013 - 02.2015
  • AP Molar Maersk
  • Project Details: FACT implementation- In house – Cash & BCM, Project: New IHC Implementation
  • Coordinated with subsidiaries to analyse their existing processes and meet their Requirements
  • Worked closely with financial shared services centre to align processes globally
  • Rolled out solution in phases to evaluate progress and adjust where necessary
  • Incorporate the New In-house functionality in the system
  • The upgraded IHC comes with an additional mandatory process step for “posting” of payment instructions from local entities
  • However, this posting step together with the outgoing payment processing will be automated by this project
  • The entry screens for “Manual payments” will be replaced (with a new more flexible version)
  • Implemented BCM for two countries on Pilot basis
  • Monitoring of status for outgoing and incoming payments, based on communication sent to (payments) the banks, or received from the banks via TRAX
  • BCM is relevant only for host to host connected banks
  • Clearing Partner concept on the bank statement part is implemented to support the OtC-solution
  • The clearing partner concept relate to new functionality allowing for use of Clearing Partner (as opposed to GL account) when importing/Posting Bank Statements into IHC
  • Responsibilities/Delivery:
  • Incorporate New in-house cash functionality into existing business processes
  • Use application to increase payments visibility and minimize the number of payments managed by external banks
  • Restructuring 120 Bank area to 10 Bank area by customize from automatic payment programme FBZP, Electronic bank statement (EBS) setting , New IHC functionality set up and automatic payment request (F11CU)
  • Gap Analysis and working on GAPS
  • Central dispatching, routing, and processing of payments by IHC_MAIN_CUST, IHC_INB_CUST and IHCRT by understanding the FIHB5 table with PAYEXT IDOC
  • Routing of payment orders to local subsidiaries to replace cross-border payments
  • Internal current bank accounts created with 160 currencies
  • Responsible for Basic Settings for Payment Process –> Settlement Accounts (IHC_MAIN_CUST)
  • And Set Up Creation of Payment Requests for Inbound IDoc in FI
  • Created of account statements to account holders by FINSTA IDOC
  • Client: Shell Global
  • Part of realization team as responsible for configuration on outgoing payment and incoming payments through IHC centre.

Managing Consultant

IBM India Pvt Ltd
, India
09.2011 - 12.2012

Education

Master’s in business administration - Finance

Fakir Mohan University
Odisha
01.2008

Skills

  • Treasury solution architecture
  • Payment solutions
  • Corporate treasury
  • S4 technology transformation
  • Digital treasury transformation
  • Centralized payment transformation

Education

Odisha

Accomplishments

  • Delivered BAT Phase2 IHC-OBO Implementation & Implemented In house cash on new entity (Reynold) acquired by BAT.
  • Implemented BCM/SWIFT Alliance lite 2 in SIPCHEM & Colgate Palmolive.
  • Outlined Fit to Template readiness in the areas of Treasury and Cash in UPM.
  • Green filed S4 Treasury Implementation for IGT.
  • Received Cash Award & Blue point award for successfully delivery of projects.
  • Consecutively received manager’s choice awards during 2021 & 2022.

Personal Details

Dallas, TX 75201

References

  • Arjun Krishnan, www.linkedin.com/in/arjunkrishnantreasury/
  • Tjano Krog Jensen, www.linkedin.com/in/tjano-krog-jensen/
  • Srini Narasimha, www.linkedin.com/in/srini-narasimha/
  • Kalpana Naidu, Kalpana.Naidu@ey.com
  • Prasanta K Samantaray, www.linkedin.com/in/prasanta-k-samantaray-66796440/

Timeline

Global Treasury Advisory Manager

EY
07.2024 - Current

Global Treasury Advisory Manager

Paypal
06.2024 - 11.2024

Global Treasury Advisory Manager

IBM India Pvt Ltd
03.2024 - 11.2024

Managing Consultant

IBM India Pvt Ltd
04.2023 - 09.2023

Managing Consultant

IBM India Pvt Ltd
08.2022 - 03.2023

Managing Consultant

IBM India Pvt Ltd
03.2022 - 08.2022

Managing Consultant

SAP Treasury
09.2021 - 01.2022

Managing Consultant

IBM India Pvt Ltd
01.2021 - 06.2021

Managing Consultant

IBM India Pvt Ltd
06.2019 - 02.2021

Managing Consultant

Sony Corporation
06.2019 - 03.2020

Managing Consultant

IBM India Pvt Ltd
08.2018 - 07.2022

Managing Consultant

IBM India Pvt Ltd, SAP Treasury
08.2018 - 05.2019

Managing Consultant

IBM India Pvt Ltd
06.2017 - 08.2018

Managing Consultant

IBM India Pvt Ltd, Colgate-Palmolive
04.2017 - 07.2017

TaO, Managing Consultant

IBM India Pvt Ltd
12.2014 - 08.2017

Managing Consultant

IBM India Pvt Ltd
01.2013 - 02.2015

Managing Consultant

IBM India Pvt Ltd
09.2011 - 12.2012

Master’s in business administration - Finance

Fakir Mohan University

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