Finance, Accounting, Payroll, Tax, and Regulatory Support for a French Manufacturing Company

Based in France, the client is a designer and manufacturer of point-of-sales displays primarily for cosmetics. They offer display, merchandising, and brand retail services through their subsidiaries and cater to customers worldwide. During the course of an ongoing assignment, we identified challenges related to maintenance of the books of accounts.

We assisted with an automated workbook for the calculation of inventory consumption wherein the purchase details of raw materials were incorporated and cross-verified against the data in the accounting system.

A system of control checks were put in place to ensure that the consumption as per data provided by client were correct and the consumption in quantity and value is monitored for any discrepancy. The inventory control workbook helps to check the monthly consumption as well as helps in maintaining proper project-wise books of accounts.

The inventory control workbook helped the client in arriving at the proper consumption and valuation of inventory.

The inward and query portal ensured a smooth transfer of data from the client to Nexdigm for accounting which reduced the turnaround time and resolved queries faster.