Cloud solution standardizes enterprise-wide clinical trial forecasting and increases accuracy at multinational 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 […]
Program and change management support helps multinational Pharmaceutical company implement a strategic transformation initiative
Business Challenges Complex and Disparate Systems – Systems could not sustain alignment to new business processes and innovation Inconsistent Communication and Transparency – Global stakeholders did not have an effective mechanism to make key decisions, collaborate, or cascade information to achieve the vision of the initiative Limited Visibility – System users lacked integrated view of full drug development […]
Cloud solution improves accounting and FP&A at emerging Biotech company
Business Challenges Siloed Systems – Employees manually aggregated data from various systems for reporting purposes, leaving no time for value-added analysis Labor Intensive FP&A – No systematic way to process finance and accounting data Planning and Analysis processes were manually intensive and significant effort was required to maintain offline Excel models; information was not readily […]
FP&A transformation helps $1.5B global Biopharmaceutical company drive efficiency
Business Challenges Business Transition – Significant increase in the number of programs, projects, and trials that need to be actively planned, managed, reported against, and analyzed Inability to Link Operational Plans with Financial Forecasts – Inability to link dynamically changing project-based clinical development plans with financial plans Heavy Manual Effort – Revenue planning, product costing, […]
Oracle ERP Cloud prepares emerging biopharma company for hyper growth
Business Challenges Readiness of ERP System for Company Growth – Prior technology was implemented before company was primed for commercialization and had several limitations such as: flexibility of chart of accounts, data model restrictions, and limited capabilities for multi-country/multi-GAAP Lack of Integrated Platform – Growing from a pre-revenue company to a multi-billion dollar one brought […]
Cloud solution improves procurement process and reporting capabilities at cancer treatment developer
Business Challenges Disparate, Stand-Alone Systems – Drain on finance team’s productivity to aggregate and analyze data from various systems for reporting purposes, leaving little to no time for value-added analysis Labor Intensive Purchase Order Process – No systematic way to create purchase orders from requisitions without constant manual intervention Poor Subledger to General Ledger Reconciliation […]