Precision Planning: Enabling Product Group Level Profitability For One Of India’s Largest Life Sciences Company
Case-1: Leading Life Sciences Company
FACTS
- ₹6000+ Cr Specialty Chemicals, Nutrition & Health Solutions, Chemical Intermediaries
- Global leader in supplying Acetic Anhydride
- More than 10000+ employees
- Multi-SBU, Multi-Plant
- Inter SBU Transactions
CHALLENGES
- Multiple iterations and constant Changes in Budgeting cycle
- Poor visibility on Plan Vs Actual Costs
- Long closing cycles
- No integration between their other ERP systems and the FP&A model
- Actuals Vs Plan Variance Analysis
USE CASES
- FP&A
- BOM Costing
- Cost-center planning
- OH Allocations
- Stock Valuation
- Subsidiary recon
- BS Planning
RESULTS
- Faster Month-End Close and Reconciliation
- Close and consolidate their Budgeting exercise flexibly and rapidly
- Limited to no time spent on manual consolidation of data and related calculations
- Variance Analysis [MTD, QTD and YTD basis between various versions and any month]
- A huge shift from ‘ask to Get’ to ‘View and Analyse’ for all the stakeholders
- MIS & Reporting standardized and available instantly
- Reconciliation automation with exception management
- Subsidiary P&L, Product Group P&L, BS and CF
Recent Blogs