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FourQ Bolsters Leadership Team with Addition of Industry Technology Veterans

FourQnis expanding its leadership team in order to meet the demand for innovation in the category, and has appointed Prasad Tungaturthy as Chief Product Officer and Matthew Schwartz as Managing Director of Engineering.

FourQ Staff
FourQ Staff

Apr 21, 2021

Prasad Tungaturthy joins as Chief Product Officer;

Matthew Schwartz joins as Managing Director of Engineering

Westport, CT (April 21, 2021) – FourQ, the intelligent end-to-end solution for intercompany financial management, is expanding its leadership team in order to meet the demand for innovation in the category. To that end, FourQ has appointed Prasad Tungaturthy in the newly established role of Chief Product Officer and Matthew Schwartz has been introduced as the company’s Managing Director of Engineering.

Traditional intercompany accounting is burdened with complexity and overhead, especially for corporations operating in multiple tax jurisdictions with fragmented ERP systems. Adoption of intercompany financial management enables multinationals to optimize staff efficiency and accounting accuracy, minimize tax leakage, and ensure consistent tax and regulatory compliance.

“Prasad and Matthew have two of the sharpest engineering minds that can be applied to envisioning and delivering intercompany financial management solutions. We are thrilled to bring their exceptional experience to the FourQ family,” explained Varun Tejpal, CEO, FourQ. “Each will play a critical role in accelerating product innovation as we continue to expand the capabilities of our intercompany financial management solution as a service.”

Prasad Tungaturthy, Chief Product Officer

Prasad has a track record of strategically elevating success through innovative products and effective platform engineering. Prior to joining FourQ, Prasad served as VP of Engineering for PypeStream, Inc., an AI solution provider. While there, he was responsible for strategic direction, service delivery, and production support, where he managed a team of 27 engineers and developers. Prasad also served in numerous software engineering roles for Datavail Corporation, Oracle, and Hyperion Solutions (before its acquisition by Oracle).

“FourQ has tremendous growth potential, financial stability, and an exceptionally experienced team hailing from exactly the type of large enterprise organizations they serve,” observed Prasad Tungaturthy, Chief Product Officer, FourQ. “My experience in the EPM, financial management, and business intelligence spaces, including more than a decade at Oracle, provides me with a deep understanding of customer pain points during the financial close process. I look forward to leading this incredibly talented team in delivering our customers intercompany financial management excellence.”

Matthew Schwartz, Managing Director of Engineering

Matthew most recently served as Director of Software Development at ASG Technologies, a provider of mission-critical technology solutions for complex global enterprises. There, he spent two years leading the engineering teams responsible for user experience and APIs. In that role, he set new agile development and software release standards, improved internal documentation, and facilitated knowledge sharing.

Prior to ASG, Matthew was Software Development Manager at Aventri, a SaaS platform offering for virtual event management. In this role, he defined the company’s long-term software architecture, raised the standards for engineering expertise in the organization, and worked closely with product management to define and narrow the product roadmap. Matthew also served in software engineering roles for Datto, Inc, Reflexions Data, LLC, Alliance Capital Management, and MasterCard International.

At FourQ, Matthew will be responsible for executing and delivering on all aspects of the company’s end-to-end solutions with a focus on aligning technical vision with clients’ needs at scale. “I look forward to improving, automating, and streamlining the mechanics of intercompany financial management,” explained Matthew Schwartz, Managing Director of Engineering, FourQ.

About FourQ

Built by a team that designed and managed complex intercompany processes for the world’s largest multinationals, FourQ offers the industry’s leading solution for intercompany financial management. The FourQ solution-as-a-service helps multinational organizations and their suppliers attain reliable and timely intercompany accounting. Companies using FourQ have also realized optimized tax exposure, reduced tax leakage, and lowered compliance risk.

FourQ Staff

Built by finance, accounting, and tax experts, FourQ is Intercompany Financial Management software that streamlines the global operations of the world’s largest companies. Providing automated intercompany processing seamlessly integrated with global vendor invoice management, FourQ helps multinational companies increase efficiency and improve global business operations. This increases operational productivity while saving millions of dollars annually through improved intercompany billing and payment and tax optimization. Discover why FourQ processes over $34 billion annually across 110 countries and how it can transform global operations at your organization.

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