Streamlining business processes to increase efficiency

Streamlining business processes to increase efficiency – Leading Medical Devices Manufacturing Organization

Problem

  • Monitoring investments and costs incurred accurately across various sites, for Global and Regional Projects / Initiatives
  • Streamlining processes across the organization so that Finance team can obtain required metrics on spend, have clear visibility and traceability
  • Supporting multi site, multi location / region, multi country, multi currency and localization requirements
  • Eliminating all manual efforts needed for consolidation
  • Providing visibility and cost appropriation for each project across sites

Action

  • A secure online portal architected using latest digital technologies
  • Standardized processes for all users across the organization
  • Master Data Management to eliminate duplication and provide consistency
  • Monitor, Manage and Track resources spent by each individual on the projects that are assigned to them
  • Well Defined Dashboards and drilldowns to provide visibility to the leadership team
  • Automation and digitization to increase resource productivity

KPI's

66%
Increased Quality
87%
Increased Savings
78%
Reduced Manual Efforts