Baker Tilly Supports Growing U.S. Life Sciences Subsidiary

Client background

The client is the U.S. arm of a global life sciences company that supplies scientific instruments to pharmaceutical firms, biotechnology companies, and research organizations. As its U.S. presence grew, the subsidiary needed a dependable back-office framework that could support expansion while also satisfying the financial reporting expectations of its international parent.

Business need and challenge

Although the U.S. operation was expanding, it did not have an in-house finance team. Rather than coordinating multiple providers for accounting, human resources, payroll, and tax, company leadership sought a single partner capable of managing these interconnected functions.

A key priority was to establish dependable accounting operations, improve the month-end closing process, and address U.S. tax requirements. The solution also needed to be flexible enough to support future expansion without requiring the immediate creation of a large internal finance department.

The absence of dedicated finance personnel presented challenges for both daily operations and financial reporting. The subsidiary required standardized accounting practices and a more organized close process to ensure that reliable financial information could be provided to its international parent.

In parallel, the company needed to address HR and payroll administration as well as its U.S. tax responsibilities. Without an integrated approach, these activities risked becoming increasingly fragmented as the business expanded.

Baker Tilly's approach

Baker Tilly assembled a multidisciplinary team comprising accounting, HR and payroll, and tax specialists. Working alongside company leadership, the team refined existing procedures, established consistent accounting workflows, and implemented a more structured month-end closing process.

The firm also advised the subsidiary on U.S. tax matters and introduced proactive tax-planning measures. By bringing accounting, HR, payroll, and tax expertise together under a single managed services arrangement, the company gained coordinated support across critical back-office functions.

The model was structured to address immediate operational requirements while establishing processes capable of supporting continued growth in the U.S. market.

Results

Baker Tilly helped establish consistent daily accounting procedures and a formalized month-end close process, enabling the subsidiary to provide reliable financial information to its international parent company.

The integrated engagement additionally delivered HR and payroll assistance along with proactive U.S. tax planning. Collectively, these capabilities provided the subsidiary with a more reliable and scalable back-office infrastructure.

No verified quantitative data on improvements or financial savings is available. Therefore, the results are described in qualitative terms rather than supplemented with unsupported estimates, percentages, or performance figures.

As life sciences companies expand, their administrative and financial infrastructure must evolve alongside their operations. Baker Tilly's Managed Services combines accounting, HR, payroll, and tax expertise to help growing organizations establish consistent processes, strengthen coordination, and build a back-office platform capable of supporting future expansion.