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