Published on 03, Aug 2023

Nikhil Nandash, Outstanding Expert Across Several IT-Based Landscapes

With nearly a decade of experience in the finance transformation process across several corporate landscapes, Nikhil Nandash is actively showing his extraordinary ability to reorganize and reconstruct companies to best benefit them. 

Finance transformation may consist of restructuring and implementation of the finance operating model, accounting and finance organizations; accounting and finance processes; financial capabilities; and re-platform of finance and accounting systems. These changes may purport to revolutionize the way an organization manages its financial function and the associated processes, internal controls and financial reporting. To summarize, whenever a company goes through any kind of reorganization or restructuring, a transformation of various finance processes becomes necessary.

Having been with his current company for nearly 7 years, Nikhil has used his expertise to play a critical role on several finance transformation engagements across industries such as retail, technology, life sciences and banking. He maintains in-depth experience throughout the different areas of finance transformation including but not limited to:

• Transactions (mergers, acquisitions, spin-offs)
• Global finance processes (account to report, order to case, procure to pay)
• Finance ERP implementations (SAP)
• Risk management (anti-money laundering, economic sanctions)
• Finance process optimizations (for example, standardization, elimination and automation of manual journal entries).

Nikhil Nandash works directly with fortune 500 corporations to assist in the process of financial transformation, which is more critical now than it has ever been. As the US economy struggles in a world post-pandemic, Nikhil recognizes the overwhelming need for his expertise, having experienced first-hand the effect that the coronavirus pandemic has had on the corporate landscape. With a Masters degree in Operations Research, with a concentration in Finance from Columbia University and a Bachelor's degree in Engineering from Georgia Tech, Nikhil maintains an extraordinary ability to provide strategic initiatives aimed at re-envisioning the finance function of a business to align with the overall company strategy. This has made him an integral asset prior to, but certainly post-pandemic. 

“Today’s economy in 2022 is no different with skyrocketing inflation, extremely high interest rates, and the S&P 500 index falling 24% year-to-date,” Nihkil expresses. According to a recent report in May from AlixPartners, where they surveyed over 600 senior experts from investment banks, lenders, financial advisory firms, law firms, and corporations globally, 70% of finance executives anticipate a recession within the next 12 months, with 24% expecting one before the end of the calendar year. 

“Based on surveys like the one above and market expectations,” he goes on to say, “it is likely that we are heading toward a recessionary environment, wherein we will see a lot of companies having to restructure because of lack of funding or high cost of borrowing driven by the high interest rates.”

It is safe to say that finance transformation work is more critical and essential now than it has ever been. Nikhil strongly believes that experience and skills as a Manager in the Finance Strategy and Transformation practice for his current company, working with several F500 clients, are invaluable to the United States, especially during this period of economic uncertainty wherein more and more businesses will require his experience and skills as they seek to re-invent, re-organize, re-structure and re-optimize. 

To learn more about Nikhil and his work, visit him on LinkedIn.