Business Services & Outsourcing Case Study
Upgrading accounting software and providing accurate financial data
U.S. based radiology
physician practice
Company background
Client Challenges
The client had poor communication with their prior accounting firm and needed a new firm to provide guidance they didn’t
have in-house. The accounting department had a high turnover
rate, lack of transparency in their financials and no online
payroll portal.
BDO’s Solution
Improving onboarding process for new employees.
3 of 4
Redesigning financial statements, tracking corporate and individual partner expenses.
2 of 4
Establishing regular meeting cadence for improved communication.
1 of 4
BDO upgraded the client’s accounting software and streamlined their accounting process by:
Providing consistency and timeliness in month end close and Financials.
4 of 4
Company Benefits
RETURN TO BEGINNING
$1.3 million in tax savings from entity restructure.
Efficient practice advisory team and reporting.
Accounting and admin back office is fully outsourced and digitized all paper work.