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Finance Function Transition and Management for the Client’s Indian Operations

Client : A US-based Artificial Intelligence and IT Services Provider Financial

Service Offered : Full-Suite Corporate Services

Sector / Industry : IT and ITeS

Client
Objective

The client, a leading artificial intelligence software developer, has a Global Capability Center focused on Research and Development in India, monitored by the USA headquarters. Nexdigm’s end-to-end support spans managing critical business functions, including:

  • Corporate and Tax compliance
  • Finance and Accounting
  • Company Secretarial Services
  • Payroll Management and Compliance
Client
Solution

Health Check

  • Reviewed and identified issues on accounting, and regulatory compliances processes, including tax, payroll, and financial reporting
  • Identified surplus tax payment of ~USD 0.13 million (INR 10 million) annually

Finance and Accounting process

  • Recurring vendor software issues: Took over ongoing accounting management and resolved technical issues by transitioning to the QuickBooks platform
  • Regulatory Reporting: Employed F&A process improvements and collaboration on QuickBooks to ensure accurate, timely reporting

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