Case Study
Support to a large domestic SEC registrant using an integrated global delivery model
A domestic SEC registrant listed on the NYSE as a large-accelerated filer. It designs, manufactures, sells, and installs energy systems for on-site power generation.
Challenges faced by the client
- The organization needed resources with appropriate skill sets, especially in accounting and SOX (Sarbanes-Oxley Act) compliance, to solve complex accounting of revenue contracts and their consolidation. The cost of existing third-party consultants was very high given that the work was done 100% onsite. The client sought a partner with a deep knowledge of the power and utilities industry and US GAAP, which could deploy an integrated global delivery model.

Our team's role
- We provided support to the revenue accounting team for POC computation and reimbursable revenue tracking on a quarterly/monthly basis, monthly revenue POC support, and revenue 606 analysis. We deployed staff to the internal audit team to test the operating effectiveness of controls.
- We provided accounting advisory services for revenue recognition accounting/Variable Interest Entity (VIE) analysis.
- All the above support was provided through an optimal combination of onsite & India-based offshore resources in consultation with the client.
The value our team added
- India-based resources delivered a meaningful part of the project, which was managed from the US by a team with very strong domain skills and experience. These collaborative efforts resulted not only in a cost-effective solution for the client, but the project could also be delivered within stringent timelines leveraging the large pool of trained and experienced resources in India.
