DR. KADE Pharmazeutische Fabrik GmbH
Three Questions for Oliver Matthes
What was your starting point?
To keep track of the complex value chain, DR. KADE depicts its business model in terms of value drivers and performance targets. Within this driver model, the focus of the derived financial plan is on three system applications: the ERP system, which supplies all the historical data, such as for order processing, materials management, production and financial accounting, from which the BI application Qlik Sense and the planning solution Corporate Planner retrieve the Actual dimension values.
What are your highlights?
The entire company-wide planning is done in Corporate Planner. While the finance department has full access, the other divisions access the tailor-made planning and reporting templates in their areas of responsibility via a customized web portal. DR. KADE has opted for the provisioning of Corporate Planner as a cloud service, which not only cuts the workload for its IT department, but also guarantees maximum availability and easy access for all stakeholders from any location.
What lessons have you learned?
As we see it, the following points have turned out to be key success factors for the implementation: the management of master data in the run-up to implementation, the structuring and harmonization of upstream business processes contributing to the financial plan, and sufficient internal capacity for the purposes of the implementation.
Industry: Health and social care
Sites: Berlin (Germany)
Employees: 330
Solution(s): Finance Management, Operational Controlling, Cost Management, Sales Management, Liquidity Management
"With the increasing competitive pressure in the pharmaceutical industry, rising personnel and production costs, and changes in the regulatory framework, we need to manage the company's development in the business model very precisely. We find that the automated forecasting environment for the P&L, balance sheet and cash flow statement from Corporate Planning gives us all the possibilities of driver-based business model analysis and enables management interventions.
Oliver Matthes, Head of Controlling
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