Published on 03, Aug 2023

Nikhil Nandash, Finance Transformation Expert, Discusses Effects of the Pandemic

In 2019, the coronavirus pandemic swept the globe, and resulted in many companies, both big and small, finding themselves in circumstances wholly unfamiliar and having to navigate uncharted waters. Through these uncertain times, the majority of business owners had no choice but to reinvent and restructure their organizations in order to streamline operations and cut down costs without compromising the overall value of their products.

This shift resulted in large-scale finance transformations at a corporate level, as well as on a small-scale at a business unit level. An expert in these financial transformations, Nikhil Nandash, spoke out on what it was like to witness these changes first-hand.

“The company that I operate within was engaged by a F500 healthcare client, working to optimize the month-end finance close process by standardization, elimination and automation of manual journal entries,” Nandash explains. “This initiative resulted in cutting down processing time and volumes of journal entries, and saved costs across all three shared service centers in Costa Rica, Budapest and Paisley, during one of the most challenging times for businesses in global history.” 

Nikhil Nandash isn’t simply a bystander in these processes; he maintains a great deal of expertise in this area, 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. His extraordinary ability to provide strategic initiatives aimed at re-envisioning the finance function of a business to align with the overall company strategy has made him an integral asset prior to, but certainly post-pandemic. 

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) and finance process optimizations (for example, standardization, elimination and automation of manual journal entries). 

The economy suffered a massive blow through the pandemic, but it hasn’t stopped individuals and businesses alike from finding new and innovative ways to scale-back and reinvent their business models. This type of 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,” Nikhil says. “To summarize, whenever a company goes through any kind of reorganization or restructuring, a transformation of various finance processes becomes necessary.”

Nikhil Nandash has been operating within these ever-changing landscapes for many years, and this has made him an outstanding asset to both the companies that he works for, and corporate America as a whole. To learn more about Nikhil and his work, visit him on 

LinkedIn

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