Setting up and managing the Finance and Accounting function of a Sports Team

Client : Sports Team

Service Offered : Finance and Accounting

Sector / Industry : Media and Entertainment

Client
Context

Our client, led by a European private equity and investment advisory firm, manages a sports team. Their company was founded with the intent of competing in a popular sports event in India. The client reached out to Nexdigm to set up their finance function and support them with accounting, taxation, compliance management, budgeting, payroll, and company secretarial compliances.

Client
Challenge

Due to paucity of time, the client did not have the bandwidth to set up their Finance and Accounting (F&A) function and related aspects. There was no defined mandate from the client on the requirements. However, the client wanted to ensure timely payments to its players/support staff and its vendors. They also wanted Nexdigm to be conscious of their brand reputation as it was their first time entering into this competition.

solution
Impact

The client was extremely pleased with our services and the way the entire accounting system was set up in record time. Nexdigm managed the F&A function and the budgets without any delays in payments which created a positive image for the brand.

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