Corporate Performance Management
Life Sciences companies face many CPM challenges, including inaccurate planning and forecasting data, regulatory demands, outdated systems, lengthy R&D timelines, lack of transparency, and inefficient data analysis. We help by improving processes, data, and technology, enabling finance teams to overcome obstacles and add value to business strategies.
Finance Operations
Maintaining traceability and accuracy of production and inventory accounting while meeting Pharma GxP and GMP as defined by GAMP 5 standards can be challenging. Our experts specialise in using GAMP 5 and finance compliance best practices to process financial transactions in logistics and manufacturing. We’ve automated Source-to-Pay and Invoice-to-Cash processes to improve efficiency and help finance teams focus on creating value and driving growth.
Compliance & Localisation
The Life Sciences industry faces a complex web of regulations, with each country enforcing its own unique compliance requirements for operation. We have experience of country-specific laws and have implemented industry-specific solutions. In Belgium,for example, we helped our client to comply with rules for filing and reporting turnover tax and contribution tax.
Intercompany & Transfer Pricing
Large, global organisations, begin by setting standard costs while considering transfer pricing and intercompany profit release policies. We specialise in defining standard costs at the stock-keeping unit level and applying prices for intercompany transactions. We have worked with finance teams to design processes and systems to eliminate intercompany profit by using net product costs and intercompany sales, purchase volumes, and values.
Tax Transformation
VAT/GST rules vary by product type. Active pharmaceutical ingredients or drug substances often have a super-reduced rate, while some finished goods are taxed at the standard rate. We specialise in designing ERP systems to ensure accurate indirect tax treatment for supply chain and sales transactions. We have delivered solutions to biopharma companies, contract manufacturing and product development organisations.
Expanding market presence and maximising synergies
Through planning and due diligence to
execution and stabilisation
Understanding the levers for
successful integration
Expertly navigate the challenges and
risks
Unpick the opportunities to drive the
bottom line
Disentangling a well-established site from a complex corporate infrastructure-with stringent timelines, local compliance challenges, and a rigid transitional services agreement (TSA) in place.
Redefining strategy to make process improvements and cost savings
Expertly navigate the challenges and
risks.
Combining processes, systems and
people to deliver maximum results
Working with what you've got to make
things even better
How we streamlined and future-proofed, a soon-to-be obsolete labelling solution and a rapid client expansion across multiple new sites.
Reinventing finance to optimise processes, systems and strategies
Enhancing decision making and strategic
alignment to drive performance
Using the latest technology to drive efficiencies, innovation and operational excellence
Meeting local requirements while
delivering smooth cross-border
operations
Simplifying supply chain finance
Improving compliance accuracy and
automation using tax technology
