InVentiv health is a biopharmaceutical solutions organisation providing end-to-end outsourced support and development services to clients in the pharmaceutical sector and approached Paprika in 2011 for help in rationalising European financial systems.
A series of acquisitions in Europe resulted in a mixed bag of localised finance and job costing systems for the company with a complex reporting mechanism and a lack of transparency.
The InVentiv Health team approached Paprika to help standardise accounting and data management into one international system that both worked with the local reporting and filing operations of individual users but also brought into play common processes that improved data transparency across the company.
Paprika systems were well-established across core parts of the group and so Single Data Multi-Company data files were established in the UK, France and Germany to accommodate the separate companies in each country. The system allowed account managers to have access to only their own companies’ information, but finance and operational management would have access to performance across the all group.
Group and local reporting requirements were met by the use of standard and alternative nominal coding and departments were created within each company to give further layers of analysis.
User guides were written in each maternal tongue – including group standard procedures as well as country-specific issues.
Account management staff use the Paprika system to create estimates of time and expenses for pitches and live projects, giving visibility at group level of current and expected costs and revenues.
The data reporting configuration is already starting to yield results and group reporting is standardised, increasing efficiency.
“Paprika has worked for inVentiv Health in a complex and constantly evolving international environment. Paprika’s history of working within the creative industry has meant that they had already anticipated and provided solutions to many of the challenges we faced, and they demonstrated a pro-active and flexible approach to the new ones that arose during the implementation.”
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