Cloud solution standardizes enterprise-wide clinical trial forecasting and increases accuracy at $49B pharmaceuticals company

Business Challenges

  • Enterprise Gap – In-flight finance transformation initiative had a gap with respect to clinical trials forecasting; major need to quickly create cloud-based application to fill 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 Clinical Trials project expense forecasting solution
  • 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 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 value-added analysis, leading to increased accuracy in forecasts