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Case Studies

Improved Global Pharmaceutical Manufacturer Finance and Operations

Turned a first quarter loss of $235K to year-end pre-tax profit of $790K, and next year’s first quarter to a pre-tax profit of $1.1M

The Company: A public global pharmaceutical manufacturing company

The Issue: Successive years of operational losses

The Work:

  • Led corporate restructuring
  • Re-engineered all internal controls and established infrastructure for new financial reporting
  • Implemented new ERP software in Israel and Canada
  • Collaborated with auditors to establish tax planning program for future years while reducing taxes by $700K
  • Worked with bankers to restructure line of credit

Services

  • Workout
  • Restructuring
  • Business Operations

Industry

  • Pharmaceutical
  • Manufacturing