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

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

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