Financial Restructuring of Irish MNC

Date: 14 Jan 2023 | Posted by: Q4’s Team

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Situation:

An Irish-based Edtech Group with a global presence was looking to aggressively expand its operations among global markets. To achieve this goal, it needed to set up a robust global finance operations team and needed counsel on the same, and also needed guidance on fund-raising.

Solution:

The Group engaged the services of Q4 Accounting, which provided them with strategic guidance on setting up the global finance team, as the first order of business. Q4 proposed moving the Group’s production, operations, and support functions to India as a means to substantially reduce its operational costs.

Following this advice, the majority of the companies’ functions were moved to India. Independent teams were built for finance, accounting, production and operations, under strong leaders. Q4’s valuable insights helped them streamline its processes and achieve cost optimization.

Benefit:

As a result of shifting its operational base to India, the MNC was able to drastically reduce its operational costs, which further enabled it to invest in other strategic products and locations. The Group was also able to acquire multiple companies, which gave it a strong edge over its competitors.

Overall, the firm achieved a growth of 3 million pounds, and the cost optimization had an impact of saving 2.5 million pounds every year. Additionally, it was able to raise over 10 million pounds in funds, which further fuelled its growth.

Engaging the services of Q4 helped the Irish MNC achieve cost optimization and global growth. Their successful expansion and acquisition of multiple companies gave it a strong edge over its competitors and helped it achieve significant growth in its industry.