FRANS BUDI PRANATA

CFO Tangguh

Professional Experience

Advisor Kinerjapay Corp the 1st Indonesian Ecommerce listed in US

Jan 2016 – Now

ZALORA, the biggest fashion online shopping in Indonesia & SEA.

CFO & Service Director

04/2013– Dec 2015

 

  • Lead Project Process improvements, Automation, Reporting, and Standardization with impact better support to business & drive out cost
  • Create performance dashboard – online, real time
  • Manage tax compliance & reporting
  • Manage fund request and cash flow planning
  • Manage audit of year 2012, 2013 & mid year review 2014
  • Make policy and authorization matrix
  • Manage G/L accounts, inventory and reporting, risk management and control.
  • Hold full accountability for the accuracy and integrity of financial information, reporting, and directed 25 personnel in finance + 10 personnel in service dept (HR, legal, office mgt, etc)
  • Lead HR, Legal, Office management & assist in business development

YUPI INDO JELLY GUM, the biggest gummy producer in Indonesia.

Finance Director

09/2011– 03/2013

 

  • Lead Project Process improvements, Automation, Reporting, and Standardization with impact better support to business & drive out cost
  • Lead white belt six sigma projects with cost saving of USD 500K annually
  • Create performance dashboard – online, real time
  • Manage to get USD 15 Mio loan for capacity expansion project
  • Manage & win tax objection IDR 28.5 Bio case PPh 26
  • Manage G/L accounts, inventory and reporting, risk management and control.
  • Hold full accountability for the accuracy and integrity of Axapta financial information, reporting, and directed 28 personnel.

ALGHANIM INDUSTRIES,

the biggest electronic supermarket in Middle East based in Kuwait with sales turnover exceeding USD 600 Mio and total employees of 1500, including  the Home Furnishing business, the Home Building division and Supply Chain Management and Retail Finance Services

Retail Group Financial Controller

06/2009– 08/2011

 

  • Lead Project PARIS (Process improvements, Automation, Reporting, Integration and Standardization) with impact reduce F&A headcount from 68 to 55 and its monthly cost from USD 210K to USD 165K, cost saving of USD 50K/month
  • Lead white belt six sigma projects with cost saving of USD 200K annually
  • Improve control environment by setting store matrix audit dashboard that alerts top management of retail stores control awareness and compliance
  • Manage G/L accounts, inventory and reporting, risk management and control. Do balance sheet review of other Alghanim businesses, such as: automotive, industrial, travel, etc.
  • Hold full accountability for the accuracy and integrity of SAP financial information, reporting, and directed 55 personnel.
  • Lead 5 business units / supervise 5 financial controllers of SCM, Home building, home furnishing, electronics & retail finance.

PT GITASWARA INDONESIA,

a leading stout beer manufacturer and distribution with sales turnover exceeding USD 90 Mio and total employees of 300

President Director

02/2008 – 05/2009

 

  • Improve 15% market share of guiness sales volume from 15% to 17.1% by allocating more A&P expenses in order to get extra gross profit contribution (under situation of stagnant beer market due to price sensitivity as stout price is almost double of draft beer). This makes guiness stout has 92% market share of black beer.
  • Expand the beer / malt drink to East Timor and Phillipines that help to improve extra 5% of the produced volume

 

Finance Director

07/2006 – 01/2008

 

  • Manage cash flow (cash collection & payment) very well that creates bank balance over USD 9 Mio.
  • Hold full accountability for the accuracy and integrity of financial information, cash management, and directed 10 personnel.
  • Assist the country manager in growing the business and preparation of annual budget and long term plan
  • Manage G/L accounts, inventory and reporting, risk management and control.

PT AMERICAN STANDARD COMPANIES,

a leading bath & kitchen manufacturer and distributor of sanitary products  with sales turnover exceeding USD 30 Mio  and total employees of 500

Finance Director

06/2002 – 07/2006

 

  • Manage to convert a loss making company into a profitable company within 7 months thru cost saving and quality improvement technique and incentive method.
  • Improve the control environment from 60% to 98% thru creating cost conscious environment and system controlled procedures
  • Hold full accountability for the accuracy and integrity of financial information, cash management for 1 plant and 1 distribution entity, and directed 20 personnel.
  • Implement Sox Set up : documentation of flowchart & narrative for 9 business process, risk assessment and testing

PT MAITLAND SMITH INDONESIA,

Subsidiary of Furniture Brands International,

Financial Controller

03/1999 – 05/2002

 

Supervising 8 accounting staff

  • Improve from 85% to 98% billing and collection result
  • Manage revenue assurance from 90% to 99% result
  • Manage fixed assets management and control from 60% identified to 95% well documented and tracked
  • Manage management reporting from 5 working days to 3 working days after month end
  • Manage tax compliance and reporting that saves the company fund over USD 8 Mio thru import PPh 22 refund

ASIA PULP AND PAPER (SINAR MAS GROUP),

the biggest pulp and paper manufacturer in Asia

Corporate Finance Manager

05/1997 – 02/1999

 

  • Collect, consolidate and present the management reporting of 10 companies (Indah Kiat, Tjiwi Kimia, Pindo Deli etc) by division and by company that give insights which division (pulp, paper, carton box, or folding boxboard) is making better EBITDA and ROCE
  • Team Leader of SAP Implementation FI CO MM PP for interface from operation transactions to chart of accounts account booking.
  • Finance V-Team Member for Innovative Financing through Finance Trading & Export Receivable: manage to achieve working capital reduction from 90 cash conversion days to 30 days that saves the interest and keep optimal cash balance

PT FRIESCHE VLAG, PT FOREMOST AND PT FRINAS INDONESIA,

a market leader in condensed, liquid and powder milk in Indonesia

Management Accountant

03/1994 – 04/1997

 

  • Set up information system to support planning, organizing and controlling the ‘Business Processes’.
  • Monitored ‘Business Performance’, and generated analytical internal reports on the performance.
  • Coordinated Accounting Implementation Project for interface with Prism to J.D. Edwards.
  • Creation of Cost and Profit Centers for effective cost control.
  • Consolidated two manufacturing and one distribution companies

PT VAN MELLE INDONESIA,

a producer of Mentos and Fruitella (candy)

Assistant Controller

03/1992 – 02/1994

 

  • Improve the reporting from 7 working days to 2 working days that make VMI the fastest closing in the group
  • Documented information flows and related internal controls including MIS Plan development that makes the control improved from70% to 95% and improve work efficiency of sales dept from 3 weeks report generation to 2 days after month end.
  • Set up and maintained cash flow projections, budgeting, data analysis, and financial planning.
  • Instituted cost accounting system set-up and maintenance.

ERNST & YOUNG
INTERNASIONAL
,

the big four accounting firm

Technical Assistant

08/1990 – 02/1992

Conducted comprehensive accounting and audit services with industry concentration in chemical, insurance, and shoe manufacturing.

Education and Professional Development

KAIZEN SCHOOL OF BUSINESS MANAGEMENT (KSBM), Mumbai India  

2013

Doctor in Management Studies

Institute Manajemen Newport Indonesia

  

1994

MBA Program in General Management

Scholarship awarded by PT Van Melle Indonesia

University of Indonesia

  

1992

Bachelor’s Degree in Accounting

Scholarship awarded by The Sanwa Bank Foundation, Tokyo, Japan

Continuing Education

participated in courses and trainings in the following areas

Certification

  • Competent communicator by Toastmaster International, USA 2010
  • Competent leader by Toastmaster international, USA 2010
  • Green belt six sigma by American Society for Quality, USA 2011
  • Certified Coach / Facilitator by Leadership Management Institute, USA 2012
  • Certified Hypnotherapist by National Guild of Hypnotist, UK 2012
  • Wealth Academy Coach by Adam Khoo 2012
  • Effective Personal Productivity by LMI, USA 2012

Finance, Accounting and Audit-related

  • Project Management Professional Preparation Course 35 hour training, 2011
  • Certified Internal Auditor Preparatory Course, 2011
  • White belt training – 6 sigma, 2011
  • Chartered Financial Analyst (CFA), candidate level 1, 2000
  • MFG/PRO Asian User Day, Singapore, 2001
  • International Sales and Operations Meeting, Philippines, 2001
  • ADC Saville Interconnect Software Design and Configuration, Brisbane, 2000
  • Techno Pre-Eminence Conference; and Telecommunication Rate, 1999
  • SEA Finance Directors Conference; Sapphire SAP Conference; and Advertising for Finance, Singapore, 1999
  • SAP Basics, Controlling, Cash Management, Profit & Cost Centre Accounting, and Material Management, 1997
  • Budgeting and Budgetary Control; Activity-based Costing; and Effective Cash Flow Management, 1997
  • PRISM Purchasing, Resource Processor, Financial Support & Sales Tracker, 1995
  • Internal Audit Training Course for ISO 9000 Series, Netherlands, 1995
  • International Finance Managers Meeting, Netherlands, 1994; and Audit Seminar, Singapore, 1991

Management-related

  • Be a Winner and Effective Team Player, 2003; and Outward-bound Management, 2002
  • Balanced Score Card Concept, Strategy Formulation and Software Application, 2002
  • Managing Productivity for Maximum Result, 2000; and Seven Habits, 1999
  • Effective Manager, 1996; and Team Building, 1995; and Behavioural Management in Organization, 1994

Book Author of

  1. Personal Success Cockpit by Elex Media
  2. Business Cockpit by Elex Media