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

Client : Healthcare multinational in the APAC and ANZ regions

Service Offered : Finance and Accounting

Sector / Industry : Healthcare

Client
Objective

Our client wanted to set up and manage a Shared Services center for the its Finance and Accounting function, post a divestiture. The client was under a Transition Service Agreement (TSA) with its parent company and was in the process of setting up the business as a standalone entity. The scope of the project included supporting the transition into an independent function, to ensure business continuity, redesigning and optimizing processes along with the main set up and management of its Shared Services center.

solution
Impact

Our services helped the client maintain business continuity through the divestiture, across geographies. We completed the set up and go live of the Shared Services center within six months and enabled an early exit from the TSA , resulting in significant cost savings for the function

The project had crucial implications including a reduction in costs per transaction by approximately 50% over a period of 3 years. We managed to reduce open items by ~80% through reconciliations and cleaning up of legacy accounts. The new processes set up by the Nexdigm team were capable of handling ~60% additional volume with a minimal increase in headcount. The client appreciated our services and requested continued support on every transformation project undertaken after the divestiture.

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

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

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