Iam a CFO of a 100m eur legal entity at Hungary, EU.

1. Curriculum Vitae –Sandeep Deshpande
Bimbo Ut 203, 2nd district, Budapest, 1026, Hungary (EU)
+36 303 510 448 (Mobile) +36 304 739 018 (Home)
dipti_sandeep@yahoo.com
Globally experienced CFO with around 20 years of experience with Global MNCs, ITES and BPO Companies,
working in Europe (Hungary, Belgium, UK), North America (USA) & Asia (India,Phillipines).
• Strong experience in Business Finance, improving working capital, profitability– Successful track record in difficult economic
environments of EMEA & Indian Market .
• Game changing exeprience in BPO operations, for leading Fortune companies in North America Market & UK.
• Practice/Advisory experince in F&A domain with cutting edge solutioning exposure in BPO business
• Obsessive passion for business partnering and act as a guiding partner to the CEO & Business unit’s
• Act with a sense of Purpose, adapt to change and have a strong appetite to convert problems to opportunities
• Strong leadership, People Management and negotiation skills, with ability to quickly adapt to different cultures and thrive in
global environment.
• Mentor to a Organisation started by a former team member at Honeywell- www.debtnirvana.com /aboutus.php
Senior Leadership Roles are Mentioned in detail below.
Legal Entity CFO for CG Electric Systems Hungary ZRT (Feb 2011 to date) Budapest ,
Hungary
Work as CFO for CG Hungary (CGHU), the World’s first Power Transformer Company (earlier known as Ganz) with 2 manufactur-ing
facilities in Hungary. The company has 1000+ employees in Hungary Unit and a Top line of 100MEur circa. This role has cross
functional and entity wide responsibility. I have a team of 15 & indirectly a reviewer cum leadership span of control, over 6 Line of
Business and influence people across these LOB - Transformers, Switch Gears, Motor’s, Systems, Services and Steel structures.
CGHU is part of the worldwide and Mumbai Headquartered CG (Crompton Greaves).
Significant achievements:
• Managed High level banking relationships with all prominent banks in Hungary- MKB, K&H, Citibank, Raifessen, Sberbank,
and Exim bank.- daily to annual interactions across all levels at these banks. Qtrly with senior management for reviews and
new business opportunities. Skillful and successful negotiation experience with credit insurer like Euler Hermes.
• R&D Capex write back project, successfully giving 6m eur ebit impact and 1m eur tax saving impact for CGHU
• GOTO meeting a Citrix Online web based communication tool pioneered from CGHU and deployed across CG worldwide
locations – A solid Technology enabler driven by me from Hungary across CG globally to bring in process harmonization in of-ficial
communications at CG.
• Working capital improvements during tough time’s, mainly due to impact of transition of projects from CG Belgium plant to
the CG Hungary plant. Successfully managed credit insurer and Vendor community for better terms and Worked with EXIM
bank for buyers credit and with commercial banks for better limits and facilities to support operations.
• SAP implementation and successful roll out cum transition since 2012 Sept across FICO, SD and MM modules.
• Effectively establishing corporate governance and Risk Mgmt culture in the acquired entity, by partnering with horizontals
HR, Legal, Quality and Internal Audit creating an all round risk mitigation thru awareness & mentoring.
• Shared service Model established for Tax, P2P at CGHU and implemented F&A tower wise centralization
• Effective analytics for bottom-line forecasting and working capital management –Cash for Growth
• Streamlined Travel solution integrating Amex solution with Carlson wagon-lit, to derive savings, cash flow and transactional
efficiency. Worked with Citibank and K&H bank for various employee related card solutions.
• Pioneered Zero based Budgeting with an emphasis to cut wasteful activities, mapping processes to make them more effec-tive
and efficient – Key progress in areas like Travel, IT, Communications, Stores activity, Budget controls with cost center re-porting
driven at Hungary entity
• P2P workflow solution devised for Hungary entity across all business units-Readsoft P2P portal.
• Contract Management – Track to perform methodology implemented as a initiative for better project results
• Sales support by fixing financing solutions for difficult markets like Russia, Zambia, Egypt, Ukraine and Middle East.
SMICO tool roll out and control to get better orders at good terms and conditions.
• Established new banking relationships to get my entity a firm foothold in Russian market even during sanctions regime.-
Sber bank solution offered for Russia.
• Credit Control and risk profiling of customers for CGHU in EMEA Market. Negotiations with Customers & Vendors a key
attribute in my success at delivering value to my unit operations. Support our business units to negotiate and structure the
deals for them with end customers and vendors.
• Senior level connects in Local government. Met PM of Hungary, Mr. Viktor Orban for High tea in 2014!

2. Infosys BPO – Nov 2006 to January 2011
Principal Consultant – Solution design (Finance )Horizontal (August 2008 to Jan 2011)Bangalore , India
with worldwide F&A transition responsibility –mainly USA and UK
Member of the senior leadership team, In F&A horizontal (Solution design) and independent charge as a Practice Leader for
Record to Report and Process definition tower
Significant Achievements:
• Developed a Process definition Model cum Target Operating Model for F&A engagements Outsourced to
Infosys, which was recognized as a new and breakthrough best practice at Infosys (A first at Infosys BPO)
• Transition to Delivery- Process modeling and certification for F&A Operations (A first at Infosys BPO )
• F&A positioning and Business Value Realisation- Key Team Member in these themes espoused by Infosys BPO
• Record to Report Solution Framework for Infosys BPO an Key whitepapers on this subject published at Infosys
• Process harmonization approach in RFP responses by Infosys BPO - successful implementation of Tower approach- Order
to Cash, Procure to Pay, Record to Report
• Value Proposition on service offerings along Hackett Benchmarks to clients – A first approach in BPO solutioning at Infosys
BPO
• Highly Successful Implementation of Target Operating Model in clients as diverse as Linklaters UK, Freedom Newspapers –
USA, Schwab Investment Bank –USA, Rio Tinto –worldwide, T mobile –UK
• Delivered Infosys BPO its marquee on site controller assignment for a Swiss company without incurring any SG&A but thru
personal connects.
Service Delivery Head – Ingram Micro engagement at Infosys BPO (Nov 2006 to August 2008), Bangalore
–India, Manila –Philippines
Client Operations Head for Ingram Micro (Fortune 70 company) Offshore F&A operations at Bangalore & Manila (400 FTE
span).
Significant Achievements:
• .Set up the first F&A BPO operation for Infosys at Manila, Market Market center – 70 FTE deal
• Successfully delivered on Operational and CSAT metrics to Ingram and Infosys – Across Bangalore and Manila
• Attrition control- took the same to a low of Zero at manila and 17% at Bangalore. Inherited was 81%, Industry
Avg -28% (2006-2008)
• Business Transformation project in AP- discount to vendors, client benefit 1m USD annually. Case study at Infy.
• Gross Margin of the Ingram operation went up successfully from 19% as inherited to 31 % for Infosys due to successful de-ployment
of operating effectiveness- low attrition,better shift utilization, incremental billing of effort, added revenue streams,
Technology gain sharing with client, reduced transport costs of FTE due to shift working
• Delivery excellence model by ensuring daily operations dash board, customer portal.
• Successful Technology enablers like AP workflow, OEMS, and process harmonization across F&A processes deployed to
meet better metrics for client
• Successfully able to grow people in the team across various domains in Infosys during the period of tenure even after moving
to Solution design. Mentoring ability recognized at Infosys by many.
• Invited to deliver lectures to senior management operational workshops on process definitions best practice
Head Of Credit Control and GCTS India – Honeywell Automation India Limited –Pune,
India – Jan 2005 to Nov 2006
Managing Credit control Operations for 2 Honeywell Entities across India (Pune and Chennai). Team Size -20
Reported to Regional Leader APAC and CEO of Honeywell Automation India Limited.
Significant Achievements:
• Set up a Solid Credit Control Framework for the Honeywell Entities at Pune (erstwhile Tata Honeywell) and
Chennai (Novar) & did risk profiling across OEM’s, Navratna, state & central public sector, Builders, Dealers across India.
• Collection Operations significant turnaround due to Process harmonization deployed – Led a Cash for Growth
program with highest collections in Honeywell Pune, Dec 2005.
• Best in class performance on Past due and 180 days metrics driven across the 2 years
• Solid foundation of credit history, Credit analysis done for Honeywell Automation business
• Zero Attrition in the team at Honeywell, while achieving highly stretch targets
• Integration of several Honeywell processes like EGAP, CAP, and HFM into the reporting system as a Commercial controller
for few months between Jan 2005 to June 2005.
• Reduction of DSO from 151 days to 85 days, Zero impact of 180 days and past due reduction significantly helping the local
entity grow its market cap due to sustained earnings. Share price went up from 350 INR to 2KINR in 2 years and the near ze-ro
impact of 180 days or bad debts helped achieve this quite well.
• When Honeywell took over the erstwhile TATA Honeywell, it had 5m USD of Bad debt prov and significant process lapses
which used to lead to impacts of cash losses to P&L. This entire trend was reversed with a mix of process harmonization, ef-fective
processes, tapping channel finance for the control product business, ensuring effective risk mgmt, credit limit setting
and monitoring backed by a robust collection work on the field.
• SOX control frame work for Honeywell wrt Accounts receivable and Credit risk Mgmt

3. • Business Controller Substations – ABB India , Baroda 2003- 2005
Significant Achievements:
• Job Status Report by Integrating the PS module in SAP with FICO module-EJSR
• Better control on substation sites costs- managing project margins effectively
• Risk management of Working capital covenants
• Hard close pre-poned to day 1 instead of day 4. Journey towards best in class. (High end use of SAP)
• Developed SOX controls in initial stage for Record to report and Payable function of the substation business
• Supported vendor and customer recons and negotiations. Collected old debts from BPDB (Bangladesh)
• Securitization management for Units under control.
Other Employments – 1990 to 2003
• V.D. Aras & Co- Articleship under CA Institute guidelines – 1990-1993
• K.S.Aiyar & Co- Audit Assistant to Audit Senior -1993-1995
• A.F. Fergusson & Co – India’s Leading Audit firm – 1995 -1997- Asst Mgr Audit
• Bharat Gears limited – India’s No1 (Non Passenger vehicle )Gear Manufacturer- 1997-2000- Manager Accounts
• Whirlpool of India Limited – Branch Commercial Manager- 2000-2001
• Bilt Chemicals Limited – Senior Manager Accounts- 2001-2003
Key Achievements in Whirlpool, Bilt Chemicals and Bharat gears more in nature of strengthening Reporting, Tax management and
Accounting in the responsibilities managed for these companies with added focus on results thru working capital solutions.
EDUCATION, CERTI FICATION, PERSONAL DETAILS
Professional Qualifications and certifications:
Fellow Chartered Accountant CA from the Institute of Chartered Accountants of India, 1995
Intermediate Cost Accountant CWA, the Institute of Cost and Works Accountants of India, 1989
University of Mumbai – Commerce Graduate -1989
Indian Education Society’s King George English Medium School- 1984
Operations Excellence Methodology Certified – Infosys BPO -2007
Six Sigma certification – Green Belt- Honeywell Automation -2006
Total Quality Management, ISO, OHSAS workshop Certification, Tax Audit certification - 1998 & 2003
Personal Details
Date of Birth- 28th October 1968.
Valid Indian Passport Holder with Hungarian work visa, US B1 Visa
Married with one school going Son studying at AISB Budapest Grade VI.
Wife is a homemaker by choice and also an Intermediate Chartered Accountant.
Both Wife and son have dependant Hungarian Visa and Valid Indian Passport.
I have hobbies like Music, Reading, and Travel.
Languages Known- (Fluent -English, Hindi, Marathi, Gujarati ) Hungarian (Elementary)