Ruchit Shah

About Ruchit Shah

Experienced Accounts Payable professional with 11+ years in the P2P domain, currently…

Experience

1. Accounts Payable Advisor

   Rio Tinto

   Jul 2023 — Present · Gurugram, IN

   As an advisor in the Accounts Payable (AP) department at Rio Tinto Pvt. Ltd, India, I am responsible for overseeing and optimizing the invoice processing and payment lifecycle. My role involves a blend of team leadership, financial analysis, and process improvement to ensure the smooth operation of our AP functions.Key Responsibilities:Team Leadership & Management: Led a team of 25 AP professionals, ensuring adherence to production SLAs and maintaining high levels of accuracy and efficiency in invoice processing.Financial Analysis & Reporting: Prepare detailed financial analyses and reports, utilizing data to drive informed decision-making and process improvements within the AP team.Process Standardization & Automation: Identify opportunities for process standardization and automation, implementing solutions that enhance operational efficiency and reduce manual errors.Vendor Management: Manage relationships with vendors, handling escalations and resolving disputes to ensure the continuity of business operations and timely payments.Project Management: Lead and participate in special projects aimed at transitioning processes from global locations to our shared service center, ensuring seamless integration and sustained performance.Stakeholder Collaboration: Work closely with other finance disciplines and cross-functional teams to align AP processes with broader organizational goals and strategies.Compliance & Risk Management: Ensure all AP processes adhere to company policies and regulatory requirements, mitigating risks and safeguarding the company’s financial interests.Achievements:Successfully transitioned multiple AP processes from South Africa to India, stabilizing operations and improving process efficiency.Implemented automation solutions that reduced manual processing time and minimized errors.Played a key role in maintaining a comprehensive production dashboard that tracks performance metrics and ensures SLA compliance.