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Industry: MedTech and Healthcare
Firmwide Headcount: 1-49 Employees
Product/Service Engaged: Accounting services
Table of Contents
Overview
Founded in 2014 and headquartered in Singapore, Advanced Ophthalmic Innovations Pte Ltd (AOI) is a MedTech company focused on developing innovative solutions for glaucoma treatment. The company specialises in the design and manufacture of ophthalmic implants and devices, with products distributed globally. Operating in a highly specialised and research-driven industry, AOI prioritises innovation, quality, and regulatory compliance.
As the business grew, consistent financial processes and reliable reporting became increasingly important to support operations and stakeholder needs. With a lean organisational structure, AOI required an efficient and scalable accounting solution that could ensure accuracy and continuity without increasing internal headcount.
Frankie Lee, CEO of Advanced Ophthalmic Innovations Pte Ltd, shares how partnering with our team helped the company streamline its accounting processes, improve operational efficiency and maintain financial reliability.
The Challenge
Prior to partnering with us, AOI faced several constraints in managing its accounting function:
- Limited internal manpower, with accounting responsibilities competing with other business priorities
- Operational pressures that reduced the team’s ability to focus on higher-value activities such as R&D and expansion
- Lack of structured accounting processes, resulting in fragmented or delayed invoicing, reconciliations, and reporting
- Risks to the consistency and timeliness of financial management
- Need for accurate and up-to-date financial information for management and external stakeholders
Additional internal headcount was not aligned with the company’s lean operating model
The Solution
To address these challenges, AOI partnered with us to establish a reliable and efficient outsourced accounting function. We:
- Took over day-to-day accounting activities to maintain accurate and consistent financial records
- Maintained proper documentation and timely updates to support the completeness of financial information
- Streamlined invoicing processes with clearer workflows to improve turnaround times
- Kept accounts up to date and readily available for management and stakeholder needs
- Provided responsive communication and timely support to resolve queries efficiently
- Delivered a scalable accounting solution aligned with AOI’s lean and innovation-focused operating model
"Fast, efficient, and assured."
– Frankie Lee, CEO, Advanced Ophthalmic Innovations Pte Ltd.
The Results
Since the partnership began, AOI has achieved:
- A stable and dependable accounting function without increasing internal headcount
- Reduced internal workload, allowing the team to focus more on innovation, product development and growth
- Improved accuracy and consistency in financial records and reporting
- Greater efficiency in day-to-day operations, supported by professional accounting oversight
- Stronger business continuity through reliable and scalable accounting support
"Outsourcing accounting work means no additional headcount is needed."
With its accounting requirements managed externally, AOI has also benefited from smoother day-to-day operations and greater confidence in its financial management.
"Day-to-day operations are easier as we know the accounts are in good hands."
Client Experience
Frankie describes the engagement as efficient, dependable, and well-supported. The team consistently provides timely assistance, clear communication, and reliable delivery across AOI’s accounting requirements. This responsiveness and professionalism have enabled AOI to manage its financial matters with greater confidence while maintaining focus on its core business activities.
Through this partnership, Advanced Ophthalmic Innovations gained a dependable accounting function, improved operational efficiency and the flexibility to support its growth without adding to its internal accounting resources.
How AccountServe Can Help
Growing businesses do not always need to build a larger internal finance team to keep up with their accounting requirements.
AccountServe provides outsourced accounting services that give businesses access to dedicated accounting support while helping maintain accurate records, timely reporting and consistent finance processes.
Speak to our AccountServe team to explore how we can support your accounting function without adding to your internal headcount.
DirectorFionnShooPY@rsmsingapore.sg
How Ya Wen
Director
HowYaWen@rsmsingapore.sg
