Case Study: a multibillion-dollar medical device manufacturer improves tax close accuracy and timeliness with BDO co-sourcing

a multibillion-dollar medical device manufacturer keeps tax close on time and under budget with BDO

A multibillion-dollar medical device manufacturer faced significant challenges in completing its year-end tax provision processes due to the scale of its global operations, a lack of specialized technical knowledge, and internal resource constraints. The company engaged BDO for co-sourcing support to address these issues, specifically leveraging BDO's income tax accounting services.

BDO provided experienced personnel who managed the company's interim and annual tax close processes over an eight-year period. The solution involved reviewing foreign tax provision calculations, offering immediate technical advice, and identifying process improvements. As a result, the company consistently met all filing deadlines, improved the accuracy of its compliance, and realized cost savings as BDO completed the work under budget. This partnership with BDO also relieved the internal team's workload, allowing them to focus on other strategic business objectives.