Financial planning in pharma industry: Tillots Pharma Case Study

CCH Tagetik CPM Solutions

Main advantages Tillotts Pharma gains with the implementation of CCH Tagetik CPM solutions

Automated reporting and analysis

Tillotts Pharma's automation of reporting and analysis with CCH Tagetik enhances their financial management. CCH Tagetik software allows the automatic creation of detailed reports and analysis, reducing manual effort and errors, leading to more accurate data for strategic decisions. Automation supports a dynamic financial strategy, enabling quick adaptation to market changes and providing the management team with timely financial insights, crucial for staying competitive.

Flexible planning

By utilizing CCH Tagetik Budgeting and Planning Software, Tillotts can swiftly modify financial plans and forecasts in response to fluctuating market dynamics. Consequently, this has enabled the company to safeguarding its financial health and strategic interests. Furthermore, this robust planning capability ensures that Tillotts remains agile, capable of proactively addressing potential disruptions and optimizing resource allocation to support sustained growth and competitiveness.

Fine-tuned drug lifecycles

The CCH Tagetik Analytic Information Hub significantly enhances the management of drug lifecycles by enabling detailed reports and precise data collection on projects and sales. This allows Tillotts to understand product lifecycles better, dissect sales patterns, anticipate market needs, and allocate resources efficiently. As a result, they foster environments for innovation, improve operational efficiency, and align strategies with market trends for sustainable growth and meticulous lifecycle management.

Ad hoc reports within days

By leveraging the capabilities of CCH Tagetik Budgeting and Planning Software, Tillotts Pharma has remarkably cut its budget cycle by four weeks, achieving greater agility and precision. Quick ad hoc forecasts enable rapid response to market changes, enhancing decision-making with current data. This agility helps refine financial strategies, maintaining a competitive edge in the pharmaceutical industry.

Ready for IFRS 16

CCH Tagetik Lease Accounting for IFRS 16 ensure that compliance with this international standard is seamlessly integrated into day-to-day operations. The user-friendly solutions minimize workflow disruption and reduce the learning curve for new employees, improving efficiency and accuracy in reporting. This consistency is essential for meeting regulatory standards with IFRS 16 and enhances Tillotts' transparency and credibility with stakeholders, supporting strategic objectives.

Reduce time-consuming work in Excel

By switching from manually consolidating Excel files to the CCH Tagetik Analytic Information Hub, Tillotts has centralized its data management, significantly improving the efficiency of its financial processes. This centralized system integrates and transforms data, allowing for more accurate and timely analysis and reporting, enhancing strategic decision-making. Consequently, the organization no longer relies on outdated methodical processes that hinder productivity; It also reduces employee workload, freeing up resources for strategic initiatives.