F&A function and pre-winding up support

Client : A subsidiary of US-based company involved in data processing and analytics

Service Offered : F&A function and pre-winding up support

Sector / Industry : IT and ITeS

Client
Objective

The client has an establishment in the US and took over its competitor's operations in the US and India. They incorporated a new company in India and shut down the acquired company's Indian function through voluntary winding-up.

The client approached Nexdigm to take over the acquired company's finance functions and support the pre-winding up activities.

Client
Solution
  • Taking over the complete F&A function
  • Preparation of financials and audit support
  • Projected cash flows and weekly updates
  • Pre-winding up activities
  • Clearances and surrender of the registrations under various laws
  • Initiation of winding up activities
solution
Impact

Our support helped the company meet all the requirements and enter the pre-winding up process within nine months of ceasing its business activities. The company's reliance and confidence in all the processes and operations had remarkably increased and they entrusted us with the key decisions, cash flow projections, reporting, and compliance requirements.

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