Article | May 31, 2022

Talent, Growth, And Transformation: Life Sciences Companies Discuss The Role Of Technology In Their Business

Source: Sikich

For many U.S.-based life sciences companies, the most promising new markets are in other parts of the world. They may decide to commercialize outside of North America to take advantage of tax incentives or favorable business conditions. It can takes consultants only between two and four weeks to add a business entity within an existing environment to accommodate the international subsidiaries of U.S. companies. Clients then can manage their operations in multiple countries, including multiple accounting standards and currencies. Based on our experience, accomplishing this is much faster and less resource-intensive than it would be with tier-one or other mid-market software.

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