Case Study

Clinical-Stage Biopharmaceutical Company Streamlines Global Operations and Ensures Compliance

Challenge

To optimize their operations and ensure compliance with SOX and GxP requirements, a rapidly expanding clinical-stage biopharmaceutical company sought to streamline global processes, automate controls, enforce duty segregation, and bolster procurement controls. The company required a solution that would not only enhance security measures but also provide comprehensive support for their compliance needs.

Solution

Oracle Cloud ERP: Cloud Financials, Procurement and Self-Service Procurement,

Oracle Cloud SCM: Inventory and Manufacturing,

Oracle Cloud EPM:Planning and Budgeting Cloud

Outcome

  • Greater visibility across the entire business within one ERP platform

  • Compliance and security measures implemented to meet the requirements of a highly regulated industry

  • Automated approvals – shortened requisition and PO processing timeframe and expedited month-end close

  • Real-time budget vs. spend reporting