Implement Dynamics AX for research focused biopharma company

Business Need

  • Tracking and reporting of spend on research and development projects
  • Common vocabulary/categories for spend tracking through out the organization

Objective

  • Stabilize existing Dynamics AX implementation
  • Improve data quality for tracking spend
  • Develop processes and workflows to speed up accounts payable

Stakeholders

  • Department leads
  • Finance
  • Information technology

Approach

  • Analyzed existing processes and data
  • Developed data quality plan to align finance and senior management expectations
  • Implemented common spend categories across all departments
  • Rolled out budgeting, purchase agreements and electronic payments
  •  Remapped existing data
  • Developed drill thru reports for spend analysis at all levels of the organization

Results

  • Better understanding and control of spend
  • Reduced support costs