Skip to content
Let's Talk

Pharmaceutical Finance & AccountsCase 10 of 10

Preparing a pharmaceutical company for audit and investment

A pharmaceutical formulations company

  • RegionHimachal Pradesh
  • ScopeTwo manufacturing units
  • Timeline4 months
  • MarketsIndia
Download the PDF Discuss a similar project
01

Industry overview

What is shaping pharmaceutical

Pharmaceutical and medical-device companies need evidence from doctors, pharmacists and patients, gathered with verified respondents, strict confidentiality and careful questionnaire design.

  • Prescribing behaviour is shaped by evidence, experience and access
  • Pharmacies influence brand substitution and adherence
  • Patient journeys reveal unmet needs between visits
02

Client background

A pharmaceutical formulations company, working in Himachal Pradesh. Client identity is withheld to protect confidentiality.

Organisation
A pharmaceutical formulations company
Sector
Pharmaceutical
Team engaged
Finance & Accounts
Services
Audit & compliance support, MIS & financial reporting, Due diligence & financial analysis
03

Client challenge

The company was preparing for an investor’s due diligence, and previous audits had found inconsistencies in inventory records and related-party documentation.

04

Research objectives

  • Deliver on the brief: preparing a pharmaceutical company for audit and investment.
  • Establish accurate, reconciled numbers management can rely on.
  • Put a reporting and compliance rhythm in place that runs on time.
05

Target audience

Scope: Two manufacturing units.

Audiences we typically reach in pharmaceutical

Physicians and specialistsPharmacists and chemistsNurses and allied HCPsPatients and caregiversHospital procurement teams

06

Geographic coverage

Coverage: Himachal Pradesh. Market: India.

  • India
07

Research methodology

A structured finance engagement: review the current process, set up controls, run the routine and report.

  1. 1Brief
  2. 2Finance process review
  3. 3Vendor due diligence
  4. 4Insight

We reconciled inventory and fixed assets, documented related-party transactions, strengthened month-end closing and prepared a vendor due diligence report.

Audit & compliance supportMIS & financial reportingDue diligence & financial analysis

08

Sampling strategy

  • Every ledger, entity and transaction stream in scope was covered, with sample-based checks during review.
09

Data collection

Discovery Plan & design Build / execute Test & refine Launch & handover Indicative split of the 4-month timeline.
  • Source documents, bank statements and ledgers were collected through a secure shared workspace.
10

Data quality & validation

  • Maker-checker review on all entries
  • Bank and ledger reconciliations
  • Client approval before every filing or report
  • Supporting documents kept for every figure
11

Data analysis

  • Variance analysis against budget and prior periods
  • Ratio and trend analysis
  • Cash-flow view for management
12

Key findings

  • Preparing early prevented surprises during investment talks.
13

Recommendations

  • Build on the core insight: preparing early prevented surprises during investment talks.
  • Re-measure after the changes to confirm the effect.
14

Business impact

  • The investor’s due diligence proceeded with fewer queries, and audit findings reduced significantly in the following year.

What changed in the business as a result of the work. Impact is described qualitatively.

15

Deliverables & next steps

  • Insight report and management presentation
  • Monthly MIS pack and reconciled books
  • Compliance calendar and filings
  • Repeat the measure after changes are in place to track progress.
  • A natural follow-on question: where do patients drop off treatment?

Client identity is withheld to protect confidentiality.

More pharmaceutical case studies

  1. 01caseUnderstanding how cardiologists choose treatments after a heart attackA pharmaceutical company
  2. 02caseMapping the patient journey for people living with diabetesA pharmaceutical company
  3. 03caseUnderstanding pharmacist recommendations at the counterA consumer health company
All pharmaceutical case studies

Want results like these?

Tell us about your objectives. We'll recommend an approach and confirm feasibility within one working day.

Request a QuoteTalk to an Expert