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
