Practus’ assisted the EdTech company in ensuring zero compliance failures and monthly hard close in T+6 with an overall saving of 8 days.

Client NameIndustryOwnershipManagementNo. of EmployeesROI On FeeSizeProject Duration
MedTechEdtechPE BackedProfessional256.8x$1 million12 Months

About The Company

MedTech founded in the year 1993, is a medical education company focused on developing teaching and learning aids targeting both B2B and B2C healthcare education. The chain is PE invested.​

Practus’ Role

  • Developed business process flowcharts mapping ‘As-Is’ process providing a view on how these would interact with their content management and learning management systems.​
  • Created an ERP specification document based on each stakeholder’s/HoD’s understanding their respective expectations from the new ERP – covered sales, finance, HR, learning management system, and so on.​
  • Evaluated multiple CRM and ERP partners.​
  • Developed a comprehensive compliance calendar and reported on key compliance statuses.​

Impact Delivered

  • Zero compliance failures resulting in no interest and penalties.​
  • Ensuring monthly hard close in T+6 with an overall saving of 8 days.​
  • Closing all observations highlighted during due diligence by the PE investors.​
  • Evaluation of multiple ERP and CRM partners and shortlisting based on the main criteria. ​