Deepal Vinod Shah, Group CFO, Allcargo Logistics, Transforming The Finance Function
As the Group CFO of Allcargo Logistics and spearheading the projects, Deepal Vinod Shah drives a process that identifies, prioritises, funds and monitors strategic transformation for the investments made
Shah is credited with key financial initiatives including a bank rationalisation and integration process, which limited integration to just 10 banks and resulted in better working capital management with centralised payment processing and effective control; single cloud-based financial ERP system migrations that have provided standardised accounting processes across the entire organisation; adoption of Hyperion, a consolidation tool which facilitates group-wide reporting, monthly MIS and auto reconciliation reducing human interventions, data accuracy and quick decision-making creating ‘single source of truth’.
Together, all these helped the finance function which is spread across continents to embark on a transformation project aimed at optimising, standardising, and simplifying processes to bring in enhanced efficiencies.
These diverse strategic measures form the architecture for the company’s sustainable growth as a digital-first, customer-centric, and agile logistics company, delivering excellence to customers worldwide.
In line with Allcargo’s ‘a digital-first’ approach to logistics, the finance transformation is underway covering finance systems, process transformation and data analytics as the key initiatives of the company.
