Zomentum Looking for Finance Associate (Remote) at Bengaluru, Karnataka Full Time

Bengaluru, Karnataka

Work Type: Full Time

About Zomentum:
Zomentum is a Revenue platform that enables SaaS companies and channel partners to win more, together. We nurture a strong, trusted Partner Ecosystem, revolutionizing the SaaS selling process.

FOR PARTNERS: Zomentum reduces complexity of the sales, quoting & payment process, eliminating numerous tools with one modern platform built for the Partners.

FOR SAAS VENDORS: Zomentum enables B2B saas vendors to grow partnerships into a major acquisition channel by integrating channel partner GTM motion into their existing sales motion.

With this, SaaS vendors get revenue visibility and predictability from partnerships and become a vendor of choice for the partners. Partners save their time by automating workflows and maximizing their profits

We see the potential of the Zomentum Revenue Platform to unlock opportunities for the entire channel partner ecosystem. Imagine how business decisions will change when we can empower users with insights based on hundreds of thousands of transactions flowing through our platform. We call it “revenue intelligence.”

Achievements:
1. Investment – In February 2021, Zomentum raised $13 million in Series A funding from leading investors, including Accel Partners, Elevation Capital.

Total funding raised is $17 million.

2. Awards & Recognition – Zomentum’s Revenue Platform has not only garnered the support of the investment community, but it is also quickly becoming a channel partner’s favorite, earning a range of accolades from channel partners, including:

Top 10 Vendors of the year – ASCII Cup 2022

Best Revenue Booster award – The20 Vision Conference 2022

CRN’s 10 Hottest SaaS startup of 2022

The ChannelPro Network Readers’ Choice Award for Best Sales and Marketing Automation 2022

SMBTech’s Q4 Best Solution award

Best Solution Presentation 2021 by The ASCII Group community of independent North American IT MSPs, VARs and solution providers

Best Market Opportunity 2021 by The ASCII Group

Most Innovative Solution 2020 by The ASCII Group

2021 ASCII Cup Vendor of the Year

3. Acquisition – To bolster platform functionality and further expand its European presence, the company has acquired Belgium-based Goolash, a billing reconciliation tool that captures lost revenue for partners from unsynced client licenses.

Team

Founders:
Shruti Ghatge (CEO): ex-Accel, Exfinity Venture and Credit Suisse￨ IIT Kharagpur

Rahil Shah (CTO): ex-Twitter, Rubrik￨IIT Bombay

Core Team:
Strong product and tech team with experience across reputed tech organizations (Adobe, Freshworks, Microsoft, Chargebee)

Experienced business team (Linkedin, Browserstack, Chargebee) from top universities (ISB, University of Michigan, BITS Pilani)

Industry veterans and ex-channel partners based out of United States, United Kingdom and Europe

Roles and responsibilities

You will have the responsibility of managing finance, budgeting, forecasting and FP&A along with ensuring smooth day to day operations.

Accounting and Financial Analysis –

Ensure books of accounts of the company are correct and up to date at all times

Preparation of monthly & annual financial MIS

Help in setting Company targets, monitoring and ensuring timely corrective actions.

Coordinating with various consultants and ensuring all the compliance are regularly complied with

All Indian and US filings- as and when notified are duly completed.

Review ledgers & co-ordinate with the team for book closure activities (monthly & annual)

Funds Management

Forecast cash flow positions, related borrowing needs and available funds for investment

Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements

Revenue assurance and Accounts receivable

Ensuring all invoices are raised and revenue booked on time

Ensure GST and TDS compliances including all reconciliations

Collections management and maintaining relations with the debtors

Budgeting

Support preparation of the company’s budget

Liaison with departments on monthly budget & consumption

Report to management on variances from the established budget, and the reasons for those variances

Audit and Due-diligence

Own up and close audit- Statutory and Internal.

Own and complete due diligence- as and when required by investors/ potential investors.

Requirements

2-3 years of experience in Finance department of Tech startup, B2B SaaS preferred

Understanding of overall SaaS reporting is preferred

Understanding of US compliance (W-9, 1099) is good to have

Knowledge of Chargebee, Quickbooks, Stripe and Zohobooks

Excellent communication skills and grasp on numbers

Undergraduate degree from Tier 1 college in B.Com/BBA/Economics

Benefits/Perks

People-centric culture, Great Place to Work certified

Saturdays and Sundays off, enjoy your weekend off with your friends and family

Health Insurance coverage for you and your family

No fixed hours, get the work done philosophy

Flat hierarchy, your ideas, and feedback are heard and acted upon