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Get to know us better, from the past to the present, and beyond.

About Us
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Fourth Signal is a leading, award winning SAP Treasury Consulting Firm, working with some of the best-known ‘medium to large size’ corporates in India, and Asia Pacific.


It has built in-depth expertise in treasury and risk management, developing flexible, robust & scalable, proprietary ‘platform based solutions’ and ‘trusted advisor’ business relationships with customers, resulting in multi-year implementation plus support business engagements. 


Fourth Signal’s focus is to continually develop and refine the ‘platform based solutions’, including our SignalOne and SignalPro Methodologies, with the objective of continually adding value, and helping our customers transform their finance and treasury operations.



Fourth Signal has a long history of delivering value-added solutions and industry-focused services, having been formed in 2000 as a company that aimed to explore beyond established boundaries (think ‘Third-Eye’ or ‘Sixth-Sense’).  Whilst some of the original founders have moved on in different directions, those who remained have pivoted, shaped, and steered Fourth Signal into a leader in the space of SAP Financial Consulting, particularly in the niche area of Treasury & Risk Management.

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Fourth Signal Decides to focus on treasury and risk solutions

Fourth Signal Proprietary Cloud Solutions developed

Fourth Signal Emerges as one of the largest Treasury Consulting firms in APAC








Fourth Signal Launched


A small team of experts implement SAP FICO and TRM Solutions globally.

Fourth Signal Launches Treasury Platform Solutions with underlying SAP engine

Fourth Signal wins Adam Smith Award (Singapore)

Treasury, Risk & Compliance Summit Award (India)

Fourth Signal Pte Ltd Launched in APAC Region. 

Singapore Office Opened.

Fourth Signal wins The SAP ACE Award

Fourth Signal wins The Adam Smith Award

Meet The Team

Sunil Alva

Managing Director and Co-Founder

Sunil, co-founder and MD of Fourth Signal, is the hands-on Solution Architect giving direction to every project undertaken on Fourth Signal's Treasury Platform.  

A Chartered Accountant, and a veteran in the space of SAP Treasury and Financials, was instrumental in launching the unique FS Treasury Platform in 2016.

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Ajay Furtado

Treasury COE

Ajay, co-founder and Director of Fourth Signal, is the driving force behind the  Centre of Excellence, which is responsible for innovation, new initiatives as well as cloud solutions.   

An Engineer and MBA by training, he is a veteran with more than 20 years of experience in the SAP Treasury and Financials space and is constantly looking at ways in which the FS Treasury Platform can be enhanced to meet changing business, technology and regulatory requirements.

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AV Subramanian

Digital Transformation

AVS or 'Mani' as he is fondly known, heads Fourth Signal's APAC operations and is responsible for addressing customer specific business issues in the domain of Treasury.  

A veteran in the SAP space with more than 20 years experience in Consulting and Solution selling, ‘Mani’ identifies the best solution for every customer and acts as the bridge between FS and client teams during the implementation process. He has been instrumental in ensuring that deployment of the FS Treasury Platform solutions exceed customer expectations.

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Leadership Team

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