Arindam Basu

Background

About Arindam Basu

I’m Arindam Basu, a senior Finance and Accounts Payable (AP) specialist with 26+ years of cross-functional experience in financial operations, cost control, and procurement manament and Logistics Operation within one of India’s leading petrochemical companies. As Deputy Manager - Commercial Finance at Haldia Petrochemicals, I’ve built deep expertise in managing AP operations, streamlining invoice-to-payment cycles, and ensuring vendor compliance across a high-value procurement landscape. I have overseen large-scale AP portfolios, ensuring accurate processing, taxation compliance (GST, TDS), and tight coordination with internal stakeholders for seamless Procure-to-Pay (P2P) execution. I have experience in General Accounting and Compliance, Fund Flow Management and Accounts Closing and Finalisation of Accounts Key highlights of my expertise: Leading end-to-end AP workflows, from invoice receipt to final settlement, including advance adjustments, reconciliation, and vendor ledger management. Implementing robust AP controls that reduced delays, improved vendor satisfaction, and ensured on-time payments aligned with corporate policies. Integrating SAP MM and Newgen systems to automate AP processes, reduce errors, and ensure real-time visibility into payables. Coordinating with finance teams for freight payments, service entries, GR/IR adjustments, and ensuring AP data readiness for audits and financial reporting. Conducting vendor negotiations and scrutinizing logistics and service contracts to optimize spend and enforce compliance. In the Financial Shared Services (FSS) setup, I have driven centralized AP functions—standardizing invoice processing, managing unpaid liabilities, supporting audit compliance, and maintaining vendor master data with accuracy. Beyond technical AP proficiency, I excel in team leadership, stakeholder communication, and translating data into actionable financial insights. My proactive approach has improved working capital management, enhanced P2P performance, and contributed significantly to financial governance. If your organization values a seasoned professional who can lead Accounts Payable operations with a strategic, compliant, and cost-conscious mindset, I bring the depth and reliability needed to transform financial back-office efficiency into measurable business outcomes. Have worked in Logistics operation for 8 years including Tender contract management, Presently in Procurement Operation of the company,with about 12 year experience in Vendor management, negotiation optimization,PO, checking GRN