A clinical-stage biopharmaceutical company, this organization discovers, develops, and delivers transformative therapies for unmet medical needs. Working in a highly complex and visible industry, the company strives to bring the highest ethical standards and integrity to their business activities in order to make a positive impact within the drug development community.
About the Company
With a robust product development pipeline driving $20M in annual revenue, the company needed to ensure its finance and SCM processes were up to the task of supporting it. This meant revisiting and upgrading their current planning and reporting solutions in order to ensure financial data accuracy. With the existing EBS11i instance unable to meet the company’s current and future needs, they decided to retire it and migrate to Oracle Enterprise Resource Planning (ERP) Cloud in order to remain on the cutting edge of innovation.
Not only would migrating to Oracle ERP provide the company with a modern, cloud-based solution, but it would help to address certain challenges they had been facing within their legacy system. Specifically, enabling them to become GxP compliant and establish standard reporting and business processes with automation capabilities. They also aimed to remove unnecessary customizations which caused more headaches than they solved for. With the solution determined, the last piece to the migration puzzle was finding the right partner to support and guide the project to completion—enter Apps Associates.
Embracing Digital Transformation for SCM Success
As an Oracle Partner since 2002 with several areas of expertise, Apps Associates is an industry leader when it comes to migrating and managing data within Oracle Cloud. We understand not only the complexities of the system like no other and are also able to cater to the specific needs of clients across industries—ensuring their new Oracle software is accurately set up and future-proofed. This expertise made Apps the clear choice of partner to help the company with their ERP migration.
Working with fully distributed and remote teams, both internal to the company and made of experts from the Apps side, the project focused on integrating end-to-end supply chain management for the company’s commercial and clinical functions. Apps experts led both teams in removing numerous unnecessary legacy customizations that were causing roadblocks and unified the reporting process so that the company was left with an automated and sensical solution within Oracle. With Apps guidance, the project was completed ahead of schedule and in line with the original project budget. More importantly, the company is now up and running with their new Oracle ERP Cloud solution and is able to go about transacting as planned.
Reporting Unification and a Complete Migration
Now live on Oracle ERP Cloud, the company has not only realized their goal of upgrading their financials and planning processes, but they have also seen dramatic shifts across the board, including:
- Streamlined compliance between gross to net revenue
- Chargeback compliance
- CFR21 Part 11 compliance
In addition, working in the cloud has allowed them to leverage CMO flow in planning, procurement and manufacturing in order to semi-automate their outsourced manufacturing requirements, which was previously a convoluted process. Now, they have direct visibility into their entire supply and demand data, which enables decision-makers to be better informed and ultimately positions the company for long-term success.
Key Benefits
About Apps Associates
Apps Associates is an enterprise application services leader with a customer-first focus. For more than two decades IT decision makers have turned to Apps Associates for strategic counsel, system integration and the services required to solve their most complex business and digital transformation challenges.