The finance and accounting outsourcing provided by Practus assisted the pharma company in reducing finance costs, time, and efforts.
| Client Name | ROI | Industry | Ownership | Management | No. of Employees | Size | Project Duration |
| A Private Pharmaceutical Company | 6.3X | Pharmaceutical Industry | VC Backed | Family Managed | ~10 | ~$5 million | 12 months |
About The Company
VP is a privately held specialty pharmaceutical company focused on developing and commercializing clinically critical therapies across a variety of dosage forms and therapeutic categories, including generics and 505(b)(2) drugs.
Practus’ Role in Finance and Accounting Outsourcing
- Practus played the role of a strategic CFO wherein the client required to maintain their books of accounts in a manner to support reporting as well statutory requirements.
- Practus assisted the company with monthly reports like statement of Profit and Loss, Cash flows, Product wise profitability, Research and Development Cost Categorization etc.
- Practus has allowed the stakeholders to focus on their operations whereas finance was completely managed by Practus Team.
Impact Delivered in Finance and Accounting Outsourcing
- Practus has allowed the stakeholders to focus on their operations whereas finance was completely managed by Practus Team.
- This configuration results in the devolution of the least amount of money, time, and effort in financial activities.
- All finance and accounts activities are completely offshored to a single FTE Data-entry, reporting and SLA driven results are the hallmark of the deliverables on this mandate.
