Sanket Mhatre

Senior Accounts Payable Professional with over 9 years of expertise in accounts payable, procure-to-pay cycles, and vendor management. Proven track record in processing high-volume invoices, maintaining compliance, and executing timely vendor payments. Strong analytical and stakeholder management skills with a focus on accuracy and efficiency.

Senior Accounts Payable Associate - MUFG Pension & Market Services

(2020-11)

• Led the seamless transition of UK to India AP operations, including development of Standard Operating Procedures (SOPs), workflow design, comprehensive Knowledge Transfer (KT), and ensured post-migration stabilization, resulting in zero downtime.
• Processed over 1,500 vendor invoices monthly with 99% accuracy, maintaining strict compliance with internal controls and audit standards.
• Executed weekly BACS, SEPA, and cross-border manual payments, achieving and sustaining a 98%+ on-time payment rate to optimize supplier relationships.
• Managed high-volume 3-way matching (Invoice-PO-GRN), ensuring audit readiness, 100% accuracy, and adherence to Service Level Agreements (SLAs).
• Investigated and resolved Purchase Order discrepancies, pricing mismatches, and Goods Receipt Note delays by collaborating effectively with procurement, finance, and cross-functional teams, reducing resolution time by 20%.
• Handled priority invoices, escalations, and vendor queries, decreasing cycle time delays by 15% and improving overall payment accuracy.
• Enhanced OCR capture templates, increasing OCR accuracy by 25%, reducing manual data entry errors, and accelerating invoice processing turnaround time.
• Proposed and implemented migration of vendor queries to a ServiceNow ticketing system with standardized templates and auto-responses, improving query prioritization and reducing mailbox congestion by 30%.

Accounts Payable Officer - AOT Group

(2018-05 - 2020-10)

• Managed processing of PO and non-PO invoices using Kofax, ensuring 100% compliance with company policies and enhancing accuracy by 15%.
• Processed diverse invoices including utilities, courier services, and employee advances, ensuring timely payments and reducing processing time by 20%.
• Coordinated effectively with vendors and cross-functional teams to resolve invoice discrepancies within 48 hours, improving vendor relationship management.
• Maintained meticulous records to support account reconciliations and internal/external audits, contributing to a 30% reduction in audit findings.

Accounts Payable Executive - First Data India Pvt. Ltd.

(2016-10 - 2018-04)

• Processed PO and Non-PO invoices using Oracle R12, ensuring accurate 2-way and 3-way matching to optimize accounts payable efficiency.
• Managed utility invoice payments and employee expense claims, enforcing strict compliance with corporate policies and audit standards.
• Resolved vendor queries and discrepancies promptly, maintaining 100% audit readiness and enhancing vendor relationship management.

Accounts Assistant - Godrej & Boyce Mfg. Co. Ltd.

(2014-06 - 2016-09)

• Prepared accurate sales orders and proforma invoices, ensuring compliance with statutory billing requirements including VAT and Service Tax.
• Processed invoices and recorded financial entries efficiently using Oracle R12 and Baan ERP systems, enhancing transaction accuracy.
• Created and managed production orders in alignment with internal policies, improving operational workflow and compliance.

MBA/PGDM - Finance - ICFAI (2022)

B.Com - Commerce - Mumbai University (2013)

12th - Maharashtra, English (2010)

10th - Maharashtra, English (2008)