Pros
Loyalty - Neu coins Establish financial process for loyalty operations that encompasses – Set up eligible-transaction data flow from and to brands. Track the flow of issue and redemption of Neu coins. Reconcile points transactions with participating brands. Enable invoicing and settlement of issue and redemption of Neu coins. Maintain the provisions relating to liability arising out of outstanding Neu coins. Discuss new brand on-boarding; set up recon process in line with the provisions of business service agreements. Enable revenue recognition and provisions relating to it in the financial books. Oversee receivables relating to Neu coins and coordinate with brands’ finance to ensure settlement on time. Undertake reconciliation of overall Neu coins issue, expiry. Understand brand issues pertaining to data and helping them to get resolved. Loyalty data analytics and insights to enable business decisions. Procure to Pay: For the new Tata Digital entity, set up - Purchase accounting system consisting of procurement, financial accounting, payables, analytics relating to GST reconciliation and accounting. Purchase order process – creating procurement budgets for operating divisions, tracking usage. Process relating to provision for expenses, accounting of invoices. Process for tracking related party transactions, enable monitoring and reporting on them quarterly for the board meeting. Set up contract management process and ensure financial terms and conditions as per the company’s approved policies. Process for tracking contracts, enable monitoring and reporting on them quarterly for the board meeting. Successfully implemented SAP system for finance and accounting
Cons
Unclear Expectations Micromanagement Limited Training and Development: