Discoverdollar·1 month ago
1 month ago
Financial Analyst - I
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About this role
Why we exist
Discover Dollar started with a vision to help organizations to harness full potential of the data they have. More than 75% of enterprise data is in unstructured data. It can be in the form of email conversations, chats, discussions, meetings, invoices, and contract copies. This data has very important information but not harnessed to the fullest extent. Discover Dollar’s mission is to help enterprises to create value harnessing this data, using data-first approach using data science, AI and cutting-edge technologies.
What we do
Discover Dollar helps world’s best-run companies to identify and recover leakages by using data science and “data-first” approach.
Large enterprise companies have specialized buying team who negotiate prices which is usually in the emails and contracts. But payments are made by separate finance teams typically outsourced, based on the deals made by negotiation teams.
Unfortunately, not all deal discussions and contract information is shared with finance teams while making payments leading to paying higher price or even missing some discounts.
Discover Dollar has built a revolutionary solution which can analyze all data including unstructured data like emails and contracts and help enterprises to recover all overpayments and leakages.
We have helped best run Fortune 500 companies like Target, Budweiser, (ABInbev), Levis, Metro, Canadian Tire etc to recover more than $1 Bn of leakages which otherwise would be lost forever.
What’s unique about what we do?
Probably you have not heard about this kind of solution earlier. Because Discover Dollar pioneered a ‘real-time’ data-driven analytics platform which can help enterprises realize millions of dollars of value.
Our solution has been awarded as “Globally Most Innovative” Solution by SAP in Orlando, Florida. We won many accolades from IIM Bangalore, Microsoft, Govt of Karnataka, Amrita TBI etc.
CIO Review named us as “Top 20 Upcoming retail analytics software companies in India”
At NASSCOM Product Connect held in November 2020, we won prestigious ‘Emerge50’ in RetailTech Category as one of the top software product companies in India.
Top 10 AI Companies Founded or Managed by Indians in US - 2025
Job Description:
As a Financial Analyst, you will:
- Audit standard reports to identify duplicate, overpayments, and underpayments for the client.
- Reconcile vendor statements with the client’s Accounts Payable data to identify unprocessed invoices in the client's system.
- Analyze agreements, invoices, purchase orders, and other supporting documents to identify missed opportunities and suggest process improvements.
- Use audit tools effectively and demonstrate increasing proficiency with both internal and client systems and applications.
- Identify and develop new claim opportunities across different clients.
- Contribute to new initiatives and actively participate in knowledge transfer (KT) sessions organized within the company.
Must have skills:
- Good knowledge of accounts payable & receivable data, data interpretation/data processing.
- Good understanding of Procure to Pay Process & Accounting Principles
- Should be able to identify variances or errors in the procurement and payment processes to recover revenue
Good to have skills:
- Good proficiency in basic computer applications and other tools
- Proficiency in Microsoft Excel & PowerPoint is desirable, familiarity with data management tools/Query (SQL) will be helpful
- Should have the ability to analyze and interpret data: A rational and logical thinker, and should pay attention to details
- Ability to demonstrate initiative and work independently & should have the capability to work with deadlines
Years of Experience: Fresher or up to 1 year of relevant experience
Education: Master's degree in finance, preferably M.Com
Location: Bangalore
Company
Discoverdollar
Bengaluru, India
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