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