Problem Statement

Our biotech client had the potential to revolutionize their field with groundbreaking technology and enormous potential. However, with promising potential that the technology had to offer, the financial statements showed declining profits and the client was unable to obtain necessary funding independently, which was a concern for potential investors.

TAG’s Actions

• We partnered with the firm to conduct a financial analysis and create a detailed pitch deck for potential investors. We conducted a thorough financial analysis of the issues of the original pitch deck and collaborated with our client in altering the dynamics of their financial reporting and decision-making process with a target-based system that will consolidate data and make the processes streamlined. This was preceded by thorough examination of their then-existing financial workflows from the aspects of efficiency, accuracy gaps, and reporting bottlenecks.
• Our accounting and financial management prompted us to implement sound, streamlined accounting practices that are typified by sound procedures and clearly defined internal controls. The practices are aligned towards accuracy, regulatory compliance standards, and building trust among the stakeholders.
• We were able to continuously provide precise and transparent financial reports through the assistance of disciplined workflows, up-to-date technology, and industry best practices compliance. Our internal controls are able to reduce risks and minimize errors, thereby ensuring financial data integrity and reliability.
• We also created a tailored structure of financial reports like P&L statements, balance sheets, cash flow statements, and KPIs to facilitate easier decision-making for the client. With our customized approach, the client was able to make strategic decisions, simplify operations, and achieve sustainable growth.
• We could, with our experience, provide an integrated and convincing picture of complicated financial information using extremely detailed and well-designed infographics and charts, enabling deeper understanding and intelligent decision-making.

The Benefits

In addition to the most efficient and streamlined accounting system that minimized redundancies and guaranteed data correctness, we ensured to provide the client with a practical roadmap that aligned with their long-term fiscal objectives with strategic recommendations. From this strategic ground, the client was then in a position to pursue its long-term business goals in a bid to secure the right funding from prospective investors and to control costs accordingly.