Venkatakrishna Gurram-Senior SAP S/4HANA FI/CO Consultant

• Lead SAP Controlling, Product Costing and Material Ledger activities across multiple legal entities, improving standard-costing consistency, inventory valuation and month-end financial reporting.
• Contributed to a 30% reduction in the overall financial closing cycle by coordinating SAP Finance, Controlling, Material Ledger and plant-closing activities against a structured month-end calendar.
• Maintain 99.5% SLA adherence while resolving complex Level 2 and Level 3 incidents across Product Costing, Cost Center Accounting, Material Ledger, Actual Costing, WIP, variance calculation and production-order settlement.
• Execute and validate individual and mass standard-cost estimates using CK11N and CK40N, ensuring accurate costing based on current BOMs, routings, activity prices, purchasing conditions and overhead structures.
• Improved product-costing accuracy by identifying and correcting inconsistencies across material-master costing views, activity types, work centres, BOMs, routings and purchasing data.
• Reduced month-end delays by resolving missing cost estimates, incomplete settlement rules, incorrect activity allocations, variance-calculation errors and production-order settlement failures.
• Reconcile production-order costs, inventory values, purchase-price differences, work in process, production variances and settlement postings across SAP Controlling, Material Ledger and General Ledger.
• Execute Material Ledger and Actual Costing close activities, including price determination, purchase-price-difference allocation and periodic unit-price validation.
• Analyse manufacturing-cost variances across raw materials, labour, machine activity, subcontracting, production usage and overhead costs, enabling business controllers to identify root causes and cost-reduction opportunities.
• Configure and support costing variants, valuation variants, quantity structures, cost-component structures, overhead-costing sheets and automatic account-determination settings.
• Coordinate annual standard-cost planning, costing runs and standard-price releases with Finance, Procurement, Production and plant-controlling teams.
• Improved indirect-cost visibility through cost-center planning, activity-price calculations, assessments, distributions and cost-allocation cycles.
• Support profitability reporting through Account-Based CO-PA, enabling analysis by product, customer, market, company code and profit center.
• Developed reconciliation controls, standard operating procedures and costing reports that improved financial governance, closing accuracy and audit readiness.
• Facilitate workshops and knowledge-transfer sessions covering standard costing, Material Ledger, WIP, production variances and production-order settlement.

SAP ECC FI/CO Application Support

• Delivered SAP FI/CO production support across General Ledger, Accounts Payable, Accounts Receivable, Cost Center Accounting, Profit Center Accounting and scheduled Finance batch processes.
• Resolved transaction-level, master-data, configuration and integration issues affecting daily Finance operations.
• Protected month-end and year-end closing timelines by resolving posting, reconciliation, allocation and financial-reporting issues within agreed service levels.
• Performed root-cause analysis for recurring production issues and implemented sustainable configuration, master-data and business-process improvements.
• Improved application stability through incident management, problem management, change management, release management and regression testing.
• Coordinated unit testing, integration testing, regression testing and user acceptance testing for production fixes and system enhancements.
• Collaborated with business users, technical teams, AMS providers and external consultants to manage defects and deliver system improvements.
• Maintained Finance process documentation, standard operating procedures and knowledge-base materials.
• Delivered knowledge-transfer sessions and end-user training for Finance and application-support teams.

• Managed month-end close, reconciliations, and variance analysis to support timely and accurate reporting across multiple entities.
• Performed intercompany reconciliations, cash and bank reconciliations, and variance analysis of P&L accounts.
• Supported statutory and internal audit activities by preparing schedules, reconciliations, and supporting documentation.
• Collaborated with cross-functional teams to identify process gaps and streamline financial reporting and compliance workflows.
• Worked with SAP ECC for journal postings, accruals, and reclassifications in alignment with corporate standards and IFRS guidelines.