Specialised bookkeeping & reporting
- Track R&D, clinical trials, regulatory fees and manufacturing costs
- Segment reporting by product line, geography or trial phase
- GAAP / IFRS-compliant financial statements
Accounting & Outsourcing
Financial integrity meets operational agility
Accounting and outsourcing together form a strategic framework for managing financial operations and operational efficiency in the medical device and IVD sectors — optimising resources, maintaining financial transparency, and getting high-quality products to market faster.
Accounting
Ensures accurate tracking, reporting and analysis of financial activities — R&D investments, IP valuation, regulatory costs and revenue recognition — while maintaining compliance with global standards like GAAP and IFRS.
Outsourcing
Delegates specialised functions — product development, manufacturing, regulatory affairs and quality control — to external experts. This reduces costs, accelerates innovation, and lets you focus on core competencies.
Benefits of accounting
Financial transparency
Clear reporting builds trust
Regulatory compliance
Meets GAAP, IFRS & industry standards
Cost control & budgeting
Tracks spending and prevents overruns
Strategic planning
Enables forecasting & resource allocation
Investor confidence
Reliable data attracts stakeholders
Benefits of outsourcing
Faster time-to-market
Speeds up development and delivery
Cost efficiency
Reduces overhead and capital expenses
Focus on core competencies
Internal teams focus on innovation
Access to global talent
Leverages external expertise
Scalability & flexibility
Adapts quickly to changing needs
For IVD & medical device clients
Accounting support
Revenue recognition & contract accounting
- Complex revenue models: consignment, bundled products, service contracts
- Apply ASC 606 / IFRS 15 for multi-element arrangements
- Recognise revenue from distributors, hospitals and labs
Inventory & cost accounting
- Manage raw materials, WIP and finished-goods inventory
- Allocate manufacturing overheads and BOM cost tracking
- Support margin analysis and pricing strategies
Taxation & compliance
- GST/VAT treatment for devices and diagnostics
- Transfer pricing for cross-border operations
- R&D tax credits and incentives
Grant & funding management
- Track government grants, subsidies and milestone payments
- Compliance with funder reporting requirements
- Manage deferred revenue and accruals
For IVD & medical device clients
Outsourcing support
Finance & accounting outsourcing (FAO)
- Full-cycle accounting: AP, AR, GL, payroll and reporting
- Monthly dashboards and KPI tracking
- Support for multi-entity and multi-currency operations
Clinical trial & R&D cost management
- Outsource budgeting and cost tracking for trials
- Monitor CRO/vendor payments and milestone billing
- Dashboards for trial spend vs. budget
Supply chain & vendor management
- Outsource procurement and vendor qualification
- Manage inventory reconciliation and logistics
- Integrate ERP systems for real-time visibility
Regulatory documentation support
- Records aligned with ISO 13485 and FDA QSR
- Support for CE marking and MDR/IVDR compliance
- Assist in audit preparation for regulatory bodies
Strategic CFO services
- Financial modelling for new product launches
- Support M&A, licensing deals and investor relations
- Board reports and fundraising materials
Optimise your finance & operations
From compliant bookkeeping to strategic CFO support, we help MedTech companies run leaner and scale faster. Let's map what to keep in-house and what to outsource.