Olivier Fahrni

Honeywell - Rolle, Switzerland
06-2009 - to date Senior Finance Manager TS C2C
01-2009 – 06-2009 HTT Global Credit Manager
03-2007 – 12-2008 Credit Manager PV
03-2006 – 03-2007 GCTS Credit Manager
03-2005 – 03-2006 Revenue Chain Manager
Management/supervision of AR and Credit & Collection function Worldwide ( 35 people).
Definition of TS Credit & Collection procedure and strategy. Alignment to business requirements, implementation follow up, audit of Business Units to ensure compliance.
AR/Credit Management and Revenue recognition compliance with US GAAP, Sarbanes-Oxley and Honeywell Standard Operating Procedures. Participate in Management testing and Audit of processes. Monitoring of related Provision/ Bad debt accounts, analysis, explanation of results and variations.
Communicate cash flow issues to Finance leadership, perform cash receipts estimates and variance analysis. Participate in Annual Operating Planning forecasting, drive actions to reach set targets.
Lead process improvement efforts to streamline existing processes especially focusing on digitization; Establish robust process in Revenue Chain to ensure minimum defects endangering on time cash collection. Drives and supports Honeywell’s Finance Transformation Initiative for Finance.
Assure achievement of performance metrics (Operating Efficiency, Past Due Receivables, Cash Receipts, Disputes, DSO, Unapplied Cash).
Special projects management:
TS SAP Financial Supply Chain Management : process gap analysis, definition of blueprint expectation at Honeywell Corporate level, TS team creation. Interface between IT implementation team and C2C function
Global functional re-organization; process gap analysis, cost/benefits analysis, process improvement expectations definition. Define team structure and localization key requirements, hiring, training, review/creation of process’ manuals. Monitor team efficiency, ensure strict adherence to Corporate Policies, mentor people to ease complex issues resolution.
Paperless Invoicing: process gap analysis, cost analysis, Legal Tax and IT requirements, definition of process improvement expectation. Choice of 3rd party supplier
Cash Posting Automation: process gap analysis, cost analysis, IT technical requirements and process improvement expectation. Project Manager to be link between IT team, IT consultant and accounting function. Measure results, propose and implement solution to reach expectations.

Centralization of the Credit & Collection function including hiring of new team, procedures review and update . Management/supervision of Credit & Collection team (up to 9 people located in France, Germany and Switzerland).
Financial Controlling: Ensure AR/Credit Management compliance with US GAAP and SOX requirements. Monitoring of related SOB accounts, analysis and explanation of results and variations. Internal Audit; report and propose solutions to improve results.
Financial planning: Development of monthly and weekly cash forecast Models and monitoring against collection, bad debt assessment.
Financial Risk: Development and implementation of Risk Management Policies/tools, customers' financial analysis, recommendation of Credit limits, implementation of Bank Guarantees or other financial securities. Work with Sales to maximize revenue while minimizing risk.
Documentary Credits: Development, implementation and Control of Documentary Credits Policies/tools. Supervision and follow up for Asia, including: documents control, shipments releases, and presentation of required documents to bank for payment.
Approval of new customer creation, control of database (SAP) information.

Management/supervision of the Credit & Collection team (9 people)
Financial Controlling: Ensure AR/Credit Management compliance with US GAAP requirements. Monitoring of related SOB accounts, analysis and explanation of results and variations. Internal Audit; report and propose solutions to improve results.
Centralization of the Credit & Collection function including hiring of new team, procedures review and update.
Financial Risk: Development and implementation of Risk Management Policies/tools, customers' financial analysis, recommendation of Credit limits, implementation of Bank Guarantees or other financial securities. Work with Sales to maximize revenue while minimizing risk.
Financial planning: Development of monthly and weekly cash forecast Models and monitoring against collection, bad debt assessment.
Customer Relationship Management: visits to customers in relation to payment terms negotiations, credit line set up, non-payment situations, products quality issues.
Participation in cross-functional project to improve customer focus/satisfaction.
Management of SAP information quality in regards to customers (owner of system information), providing recommendation on usage/modification of it. Creation of external Database for managing information pertinent to customers (addresses, aging situation, credit lines, payment terms, etc.).

Take over of out-sourcing Credit Management done by a parent company.
Account Receivable: Customers follow up, invoicing, dunning and delivery delays problems resolution, etc. Portfolio of accounts based in Eastern Europe (BDG) and Nordic countries. Cash posting
Financial Risk: customers' financial analysis, recommendation of Credit limits, implementation of Bank Guarantees or other financial securities. Work with Sales to maximize revenue while minimizing risk.
Visiting customers.

Support of Business Release 5 of Quantum's new fulfillment and Planning process and software with generation of new reports addressing new systems requirements and new business processes (using Brio 5.5.6 and 6.2, MS Office tools and HTML pages). Include co-ordination with IS department and end users.
Participation in appropriate application review boards and support point and major release verification testing of application software
Understand users technical gaps and development of related training sessions, including teaching.
Performs master file maintenance: define data purge and retention cycles: monitors data quality and integrity.
Resolution of technical issues involving Oracle and Quantum Information Warehouse.
Implementation of a new storage strategy on Departmental Server including development and implementation of a new security strategy using Windows NT.4 User Manager and Server Manager.
Lead in development of a "NEW CUSTOMER CREATION" policy and process, including Sales/Finance/Marketing.

Handling of a portfolio of 29 accounts (volume up to ~ USD 70 M) composed of Major PC OEM customers, regional OEM's, Pan-European Distributors Middle-East/East European and Latin America accounts.
Writing analysis of customer's financial reports and recommendation of Credit limits, implementation of Bank Guarantees.
Developing and implementing new Risk Management Policies/tools for Middle-East/East European and Latin America accounts.
Developing new financial analysis tools.
Developing monthly and weekly cash forecast Models and monitoring against collections.
Making collection calls, reconciling accounts and resolving discrepancies and disputed items.
Visiting customers to resolve difficult issues (Payment terms negotiation, Credit limit discussion, non-payment situation, and product quality issues).
Leadership participation in Cross-functional project teams in order to develop worldwide reporting and analysis tools.
System support to department for daily issues and Training on Excel, Essbase, ORACLE and BRIO tools.

Producing Allocation tracking and distribution for, regional OEM's Pan-European Distributors Middle-East/East European Customers.
POS/INV. Data entry for OEM's Pan-European Distributors Middle-East/East European Customers (35 customers).
Responsibility of Credit Memo processing for European Distribution Channel (POS/INV + misc. programs) ~ 1000 documents/month.
Developing and implementing new tools/reports for European-wide programs.
Customer Main Contact for any crediting issues and reconciliation's