Provided Audit support to one of the leading Healthcare Companies

Client : One of the leading distributors of LASIK equipment and eye health products

Service Offered : Audit Support

Sector / Industry : Healthcare

Client
Objective

The client is a part of a recent global acquisition having the erstwhile group’s accounting centralized at Singapore. Post-acquisition, while the client was still in the process of setting up its own local F&A team and obtaining hand-over from the Singapore team, they had to comply with the year end closing and statutory audit under the prevailing local laws.

Client
Solution

Preparation of accounts and financial statements compliant to local GAAP

Our team studied the company’s past data and method of maintenance of the two sets of accounts i.e.for group reporting and local reporting. Based on the historical data available, our team prepared the accounts compliant with local laws, and advising the company on the non-compliances pertaining to the local accounting standards.

Preparation and collation of working papers required by the auditors

Our team prepared all the necessary workings to support financial statements. Further, the team coordinated with various departments for arranging documents related to secretarial compliances, direct taxes, indirect taxes, etc. acting as the single point of contact for the auditors. We ensured that the auditors received appropriate support in the form of documents or calculations, as required to conclude the audit.

solution
Impact

The audit was completed within a stipulated time. During the process of the audit, the Nexdigm team had gathered complete knowledge of all balances in the company’s books of accounts. Our team, thus, guided the newly appointed F&A team, helping them gain control over its financial balances faster.

The F&A team was made aware of the legacy issues identified by the Nexdigm during the audit, and the same were highlighted to their Global management. The group realized that such issues prevailed across the acquired concerns and launched a remedial scheme.

Case Studies

Program Management Support to assist Contract Management for Divestiture

Program Management Support to assist Contract Management for Divestiture

Services Offered Program Management Support

Sector / Industry Healthcare

Audit Support and Clean-up of Books of Accounts for Subsidiaries of a US-based Pharmaceutical Company

Audit Support and Clean-up of Books of Accounts for Subsidiaries of a US-based Pharmaceutical Company

Services Offered CFO Support & Finance Controller Services

Sector / Industry Healthcare

End-to-End Digitization of multiple Cross-functional Processes

End-to-End Digitization of multiple Cross-functional Processes

Services Offered Process Improvement

Sector / Industry Healthcare

Payroll, leaves calculation, and labor law compliances for 600+ employees

Payroll, leaves calculation, and labor law compliances for 600+ employees

Services Offered Payroll, Administration & Compliance

Sector / Industry Healthcare

Cancellation of share capital against accumulated losses and return of excess capital

Cancellation of share capital against accumulated losses and return of excess capital

Services Offered Capital Reduction

Sector / Industry Healthcare, Manufacturing

Streamlining payroll process for Zenith Technologies, a Life Sciences Automation Provider

Streamlining payroll process for Zenith Technologies, a Life Sciences Automation Provider

Services Offered Payroll, Administration and HR Compliance

Sector / Industry Healthcare, IT

Offered Audit Support to a US-based Medical Devices Company

Offered Audit Support to a US-based Medical Devices Company

Services Offered Audit Support Services

Sector / Industry Healthcare

Finance Controllership and ERP Migration Support following a Divestiture

Finance Controllership and ERP Migration Support following a Divestiture

Services Offered Financial Management

Sector / Industry Healthcare

Verified inventory and fixed assets, helped with the financial transformation of a leading ophthalmic optics company

Verified inventory and fixed assets, helped with the financial transformation of a leading ophthalmic optics company

Services Offered Inventory Verification, Fixed Assets, Financial Transformation, Audit Support

Sector / Industry Healthcare

Project Management Services for multiple countries in the APAC region supporting and enabling a smooth integration of a Business Acquisition

Project Management Services for multiple countries in the APAC region supporting and enabling a smooth integration of a Business Acquisition

Services Offered Project Management for Post Merger Integration, Business Advisory Services

Sector / Industry Healthcare

Program management for post-merger integration of an acquired business across 20+ countries in the APAC region

Program management for post-merger integration of an acquired business across 20+ countries in the APAC region

Services Offered Program Management Services for Post-Merger Integration

Sector / Industry Healthcare

Voluntary Liquidation of the Company

Voluntary Liquidation of the Company

Services Offered Voluntary Liquidation of the Company

Sector / Industry Healthcare

Set up and management of the Finance and Accounting function post a divestiture

Set up and management of the Finance and Accounting function post a divestiture

Services Offered Finance and Accounting

Sector / Industry Healthcare

Order-to-Cash process management for the Indian subsidiary of an Australian multinational

Order-to-Cash process management for the Indian subsidiary of an Australian multinational

Services Offered Finance & Accounting Management, Process Improvement

Sector / Industry Healthcare

Commercial and Operational Evaluation of 4PL Arrangement

Commercial and Operational Evaluation of 4PL Arrangement

Services Offered Supply Chain

Sector / Industry Healthcare

Warehouse Network Optimization for Rapid Point-of-Care Diagnostics Manufacturer

Warehouse Network Optimization for Rapid Point-of-Care Diagnostics Manufacturer

Services Offered Supply Chain

Sector / Industry Healthcare

Project management services for the setting-up of a distribution and replenishment hub in Singapore for the APAC region

Project management services for the setting-up of a distribution and replenishment hub in Singapore for the APAC region

Services Offered Project Management for Post Merger Integration, Business Advisory Services

Sector / Industry Healthcare

Business Plan for Hollister’s India entry strategy and manufacturing setup

Business Plan for Hollister’s India entry strategy and manufacturing setup

Services Offered Business Set-Up, Project Management, Accounting and Tax Advisory

Sector / Industry Healthcare

Contract management services including contract drafting, redlining, and negotiation

Contract management services including contract drafting, redlining, and negotiation

Services Offered Contract Management Services

Sector / Industry Healthcare

Roadmap for APAC Service & Repair Network Set

Roadmap for APAC Service & Repair Network Set

Services Offered Supply Chain, Program Management

Sector / Industry Healthcare

Provided integrated accounting, tax, and compliance support for wholly-owned Indian subsidiary

Provided integrated accounting, tax, and compliance support for wholly-owned Indian subsidiary

Services Offered Accounting, tax and compliance services

Sector / Industry Healthcare

Related Case Studies

Join our mailing list To receive our latest insights

Inquire Now

Or

Reach out to us at ThinkNext@nexdigm.com

Or

Reach out to us at ThinkNext@nexdigm.com