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
