Offered Audit Support to a US-based Medical Devices Company

Client : A subsidiary of a US-based manufacturing company engaged in diagnostic systems

Service Offered : Audit Support Services

Sector / Industry : Healthcare Equipment and Services

Client
Objective

The client is a subsidiary of a US-based company and sells glucose monitoring and diabetes management products. The client was part of a major divestiture at a global level in the year 2019-20.

The company started its operation in FY 2019-20, and there was just one Finance Lead in its Accounts team. They approached Nexdigm to ensure the timely completion of their audit under prevailing local laws.

Client
Solution

Preparation of accounts and financial statements compliant to local GAAP

Our team reviewed the company’s data and records and the maintenance method of the two sets of accounts i.e., for group and local reporting. We prepared the accounts compliant with local laws based on the available data.

solution
Impact

We guaranteed the completion of yearly statutory audit functions within the due date. The auditors and the finance lead had better comfort over the financial statement figures with our support.

The audit was completed within a stipulated time. During the audit process, we gathered complete knowledge of all balances in the company’s books of accounts.

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

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

Provided Audit support to one of the leading Healthcare Companies

Provided Audit support to one of the leading Healthcare Companies

Services Offered Audit Support

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

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