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

Case Studies

Winding down of the operations of a Company

Winding down of the operations of a Company

Services Offered Winding down of operations

Sector / Industry IT/ ITeS

Fair Valuation of an Online Classifieds Service Provider for a Multi-billion Dollar Hedge Fund

Fair Valuation of an Online Classifieds Service Provider for a Multi-billion Dollar Hedge Fund

Services Offered Due Diligence & Valuations

Sector / Industry IT and ITeS

Project Management support for winding-down India Operations

Project Management support for winding-down India Operations

Services Offered Project Management, Due Diligence

Sector / Industry IT and ITeS

Provided Interim CFO Services to a Technology Company

Provided Interim CFO Services to a Technology Company

Services Offered Interim CFO Services

Sector / Industry IT and ITeS

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

Carried out a Purchase Price Allocations study for Financial Reporting for a major P.E. Fund

Carried out a Purchase Price Allocations study for Financial Reporting for a major P.E. Fund

Services Offered Purchase Price Allocation (PPA) for Financial Reporting purposes

Sector / Industry IT and ITeS

F&A function and pre-winding up support

F&A function and pre-winding up support

Services Offered F&A function and pre-winding up support

Sector / Industry IT and ITeS

Revamp of tax withholding procedure on import of software and filing for refund

Revamp of tax withholding procedure on import of software and filing for refund

Services Offered Full-Suite Corporate Services (Excluding Accounting)

Sector / Industry IT and ITeS

Tracking and managing all contractual obligations through the use of an AI-enabled platform

Tracking and managing all contractual obligations through the use of an AI-enabled platform

Services Offered Contract Management Services –Post-execution Obligation Management Support

Sector / Industry IT and ITeS

Fair Valuation of an Enterprise Solution Provider for an Indian Financial Institution

Fair Valuation of an Enterprise Solution Provider for an Indian Financial Institution

Services Offered Buy-side Valuation for a Transaction

Sector / Industry IT and ITeS

Project management for winding down operations in India

Project management for winding down operations in India

Services Offered Project Management and Tax Litigation Services

Sector / Industry IT and ITeS

Tax litigation before the Mumbai Tax Tribunal

Tax litigation before the Mumbai Tax Tribunal

Services Offered Tax Litigation

Sector / Industry IT and ITeS

Accounting and Corporate Services Setup

Accounting and Corporate Services Setup

Services Offered Finance Controlling, Accounting and Management Reporting, Compliance Management

Sector / Industry IT and ITeS

Transforming the contract management process of a global e-commerce company and migration to a new platform

Transforming the contract management process of a global e-commerce company and migration to a new platform

Services Offered Contract Management Services

Sector / Industry IT and ITeS

Related Case Studies

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