Like the other 80+ independent associated companies (IACs) within the global pharmaceutical network, Mundipharma was running its own systems and ERP. At month end, figures would be uploaded to a portal to enable the central management division to consolidate the numbers.

The group’s ability to provide effective reporting and detailed insights was limited by these different data governance systems at each IAC. The group wanted to increase its analytical capabilities to help drive the business forward and provide a global, common view using trusted data.

Transparent, integrated data would enable the delivery of high-quality financial information that would effectively serve local, regional and Board requirements. To support this process, Mundipharma would need to introduce new systems and ways of working.

The arrival of a new CFO was pivotal to driving transformation change and to addressing how the challenges of speed of data availability, data integrity and the reduction of manual intervention could be overcome.

Mundipharma adopted CCH Tagetik to fit seamlessly into the whole integrated IT environment and give the finance team visibility across all the entities and at Board level. It also offered advanced reporting capability at product, functional and regional level, and made business sense with the central management division already deploying CCH Tagetik to run financial close and consolidation.

To provide expertise at both a technical level and from a strategic growth point of view,
Mundipharma selected CCH Tagetik Global Platinum Partner Codestone. The goal was to effectively provision its users and manage the application and related software development.

Codestone’s solution architects provided structural set up and ensured that data security was not compromised across entities. Beyond system set-up, Codestone provides strategic guidance, robust methodology and release management to ensure maximum adoption as the business needs change and to future proof the system. It also manages two major software releases per year for budgeting and estimates, as well as smaller releases to keep up with business change such as accounting policies, product or supply chain modifications.

Roger Miller, Head of Project Services and PMO at Mundipharma IT Services explains, “Codestone is important to us as they understand the impact of even a small change causes a ripple effect throughout the system. Their team is instrumental to these upgrades and their input is key in our business change conversations.”

Financial and management reporting empowers Mundipharma to provide value-added analysis for increased planning and budgeting agility. With pre-built reports, users can now access accurate data and collaborate easily using automated workflows, drilling the data for real-time insights and transforming the way users interact at different levels.

CCH Tagetik is providing the unified financial analysis that Mundipharma needs for better reporting, and enhanced decision-making – from functional to regional, entity and Board level. To develop the system and ensure optimisation the company continues to partner with Codestone to keep up with the changing needs of the business.