Practus’ CFO solutions assisted EON in improving risk management and internal control standards compliance.

Client NameIndustryOwnershipManagementNo. of EmployeesROI On FeeSizeProject Duration
EONFinancePE Professional~35006.7x$34 billion12 months

About The Company

   EON investments is a US-headquartered, leading global private equity fund with more than 2,000 employees and over 20 offices worldwide and a global asset management portfolio worth more than $350 billion. The company has invested more than $6 billion in India itself. It has a team of over 30 private equity and real estate investment professionals in its office in Mumbai.​

Practus’ Role

  • Practus needs to play the role of an ‘interim controller’ for 6 months and report to Asia Pacific CFO based in Hong Kong.​
  • Managing the financial processes and control environment while overseeing AP and cash management.​
  • Enforcing compliance with corporate governance around the engagement.​
  • Managing the monthly financial closing  process in the Oracle E‐business suite’s general ledger system in conjunction with finance teams around the world.​
  • Contributing to quarterly US GAAP disclosure statements for BX’s SEC reporting requirements along with statutory, regulatory, and tax reporting obligations.​
  • Working with outside advisors and regional management to ensure the continued pace of an ongoing restructuring of legal entities in India.​
  • Preparing monthly analysis of financial trend reports and responding to ad‐hoc financial and tax inquiries from regional and international management.​
  • Keeping international finance and tax management abreast of regulatory/tax developments in India.​

Impact Delivered

  • Provided visibility to the regional and global team on the state of operations and business performance of the organization and its portfolio companies in India.​
  • Practus ensured that statutory compliances and regulatory/tax reporting requirements were met on time.​
  • Improved risk management and internal control standards compliance​
  • Adaptation to Oracle E-business suite assisted in working in conjunction with the F&A team around the world.​