Vittree - Finance Process Outsourcing, Assurance Services, Decision Support & Legal Services

Multi-geography solution for a global IT services company


Business Drivers

Digiora is a global digital services organisation with offices in the US, UK and India. Being a multinational organisation, they had to comply with the regulatory requirements in the three geographies that they were operating in. Additionally, the corporate office wanted early visibility of operational performance across the three geographies through monthly management reporting and financial and cash flow statements. Affording three CFOs in the three business centres was not an economical option.

Our Solution

Our consultants studied the operations of the 3 business centres and came up with a model that allowed us to take up the responsibility of providing complete financial and reporting solutions to the company. Our solution allowed us to access the data from their systems by remotely logging into their network from our Offshore Centre in Kochi, India and prepare all the reports that the management team needed for their review. All the filings and compliance activities for all the geographies are handled remotely from our Offshore Centre in Kochi, freeing up management's time at these business centres, allowing them to do what they do best - grow the business.

Business Benefits

Digiora benefitted from the domain knowledge and the functional expertise that we bought to the table,. We were able to provide decision makers with proactive reporting and detailed analysis enabling effective and timely decision-making. Our continued effective delivery meant that the Digiora directors placed increased reliance on our inputs. We provided them with share pricing advice when venture capitalists invested in them. We also performed due diligence when they did a recent acquisition.

The benefits to Digiora included:

- A one stop shop for all compliance and advisory requirements on finance and accounting
- Cost savings by providing a better service than internally possible at a lower costs
- The management team were able to focus on their core business.

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