PTP payment lead

Philips Hue — Noida

Job Summary Lead end-to-end Payment process ensuring compliance and efficiency. Manages key stakeholders and overseeing the actual disbursement of funds, ensuring that payments are made accurately and on time. Coordinates with cross-functional teams to implement process improvements and controls. Key Areas of Responsibility Manage the end-to-end payment, ensuring timely and accurate processing of payments. Analyze payment data to identify trends, insights, and areas for improvement. Analyze and improve payment processes to increase efficiency and reduce costs. Collaborates with the operational team, internal and external stakeholders to identify and mitigate key risks in the Purchase‑to‑Pay process. Establishing key performance indicators (KPIs) such as payment run on time, late/early payments, and error rates to measure the efficiency of the payment process. Implements and monitors internal controls to mitigate risks in the purchase to pay process. Collecting feedback from stakeholders involved in the payment process to identify pain points and areas for enhancement. Develop & review of standardized procedures for payment processing Regular review of current payment processes to identify bottlenecks and inefficiencies, to drive improvements. Analyzes process performance and drives continuous improvement initiatives for efficiency. Identifies digitalization opportunities and collaboratively drives key projects across the entire Source-to-Pay process, aiming to automate workflows. Leads and mentors the purchase to pay team to achieve departmental goals. Oversee monthly financial closing and other accounting processes in PTP scope Accountable for the operational performance of ORUs within the market Responsible for PTP resourcing processes, including engaging and retaining talent, staffing, performance management, training etc. Implement and train teams on new directives and policies implemented Critical Experiences • Bachelor's degree in Finance, Accounting, Business

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