Sachin Punjwani

Business Process Re-engineering

Led the team performing Business Process Re-engineering for Source to Pay and Logistics processes for a listed capital equipment manufacturing company (Turnover of INR 4500+ crore). The project aimed to ensure robust processes resulting in a 50% reduction in manpower.

• Managed a large-scale project involving three cross-functional EY teams: People Consulting, Performance Improvement (PI), and Business Consulting.
• Directed workstream 1, focusing on understanding the as-is process, identifying areas of automation, digitization, and redundant steps, and developing the "To-be" process leveraging EY’s industry best practices knowledge repository.
• Delivered a comprehensive Business Requirement Document (BRD) to support the company's migration from Oracle to RAMCO, detailing system functionalities, controls, and workarounds where necessary.
• Collaborated across cross-functional teams within the company, enhancing insights into skill sets and honing communication and client management skills.
• Achieved the project target with a 56% manpower reduction, surpassing expectations.

Internal Audit

Led a 20-member Internal Audit team deployed in India's largest healthcare service provider (turnover of INR 7200+ crore). Conducted internal audits of 35 units, including 7 JVs with separate audit committees, covering areas such as doctor payments (including locum doctors), continuum of care, procurement (central and local), medical records maintenance, fixed assets, HR & payroll, contract labour, control accounts review, billing, and outsourced services.

• Managed complex stakeholder interactions with top management, requiring multiple rounds of discussions.
• Ensured timely delivery despite the engagement's scale and complexity, involving numerous units and stakeholders.
• Identified critical control lapses, providing recommendations that resulted in significant cost savings for the company.

• Led the team performing an end-to-end testing of all the new business and app integrations on Stage and Production environment and signed-off on the integrations before going live on the app (noteworthy integrations - smart speaker, ONDC)
• Reviewed SOC reports of multiple third party applications used by PhonePe to ensure that the intended design and operating effectiveness of the Complimentary User End Controls were in place
• Supervised the performance of ITGC testing, ITAC testing and IPE testing for applications in scope for Internal Controls over Financial Reporting
• Led the team performing an end-to-end management testing of Internal Controls over Financial Reporting (Receivables, Payables, Fixed Assets, Direct and Indirect Taxes, Financial Statement Closing Procedures, Payroll, Contract Labour Management, Escrow and Nodal account controls)
• Assisted in solutioning for control lapses around handling of the Token of Apology (TOA) issued by PhonePe

Internal Audits and IFC Testing

• Led teams conducting Internal Audit and Internal Financial Testing engagements in companies spanning across various industries (Automotive, Media & Entertainment, Pharmaceutical, Diversified Industrial Products Manufacturing, IT). The engagements involved conducting process walkthroughs, data analysis, gap reporting and remediation testing for processes such as Order to Cash, Procure to Pay, Production & Inventory, Treasury, Indirect Taxes, HR & Payroll, Warranty, After Sales, Retail Finance, Indirect Expenses, Indirect Income, Fixed Assets, FSCP, Contract Labour and Scrap Management.

Process Reviews

• Carried out an end to end process review for Service Station of an Automotive Manufacturing company for the purpose of recommending areas where the process could be automated. The processes in scope were Procure to Pay, Order to cash, Fixed Assets, Inventory and Cash & Bank Management.

Forensic Audit

• Headed a team of 7 which carried out the Review of Employee Travel Reimbursements for an automotive manufacturing company. The role was to perform data analytics and select highly targeted samples to identify and report instances of fabricated claims.

Other Relevant Experience

• Drafted robust and objective proposals to assist in making sales pitch to several clients
• Conducted training sessions on forensic audits for a team consisting of 20+ members
• Ensured compliance to the QRM requirements of multiple engagements

• Led multiple teams performing Internal Audit engagements of several luxury hotels across India
• Headed the team undertaking Internal Audit of a leading financial services company across 20 locations
• Executed Statutory Audits of several luxury hotels across India