Case Study: a medical device manufacturer improves tax close processes with BDO co-sourcing

Medical Device Manufacturer stays under budget and meets deadlines with BDO

A multibillion-dollar medical device manufacturer faced significant challenges 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. To address this, the company engaged BDO for co-sourcing support, utilizing their Income Tax Accounting services to manage the complex workload.

BDO implemented a co-sourcing solution, providing an experienced team that took a lead role in the tax close process for eight years. The results were consistently meeting all regulatory deadlines, completing all work under budget to reduce costs, and improving the accuracy of compliance and internal controls. By leveraging BDO's technical depth and responsiveness, the medical device manufacturer achieved stable tax operations and freed its internal team to focus on other strategic initiatives.