A publicly traded international pharmaceutical company consistently ranked in the top 5 for global annual revenue with over $50BN in revenue and 100,000 employees.
Business Challenges
- Enterprise Gap: In-flight finance transformation initiative had a gap with respect to clinical trials forecasting integrity; immediate need
to quickly create an on-line, cloud-based solution to fill forecast capability gap - Siloed Business Processes: Knowledge of forecasting methodologies siloed and not consistent across the enterprise
- Poor User Experience: Difficulties with user experience in current solutions
Solution
- Anaplan Clinical Trials Forecasting: Utilized the Anaplan platform as a high-performance, real-time, and scalable Clinical Trials project
expense forecasting solution at the purchase order and supplier level - Standard, but Flexible Methodologies: Enabled standardization of forecasting methodologies across the enterprise with ability to make
management adjustments to reflect one-off costs - Customized User Experience: Created customized reporting dashboards with user experience as a main focus, coupled with a heavy
dose of training to enable customer to be self-sufficient
Impact
- Filled Capability Gap: Able to fill clinical trials forecasting capability gap without compromising enterprise finance transformation initiative
- Consolidated Forecasting: Alignment across business units on forecasting methodologies and processes
- Increased Forecast Accuracy: Use of enterprise system allows users to spend less time doing manual reconciliation and more time on valueadded analysis, leading to increased accuracy in forecasts
