Business situation
Pharmagen CZ / SK (EVER Pharma)’s overall business operations are managed centrally. Its multiple sites and headquarters, however, function as standalone entities. Due to such geographical distribution and varying needs for sharing information with the headquarters, sites in Czech Republic, Slovakia, Canada and Australia have different requirements and lack the resources to maintain a large system.
To address these complexities and support rapid growth, Pharmagen CZ / SK (EVER Pharma) sought a flexible, standardized and comprehensive ERP solution. Business Central emerged as a modern, cloud-based multi-company system that could meet the varying needs of each site while seamlessly integrating with the headquarters' BI system. With an easy-to-use approach and low cost of ownership, Dynamics 365 BC was the ideal solution for Pharmagen CZ / SK (EVER Pharma).
To address these complexities and support rapid growth, Pharmagen CZ / SK (EVER Pharma) sought a flexible, standardized and comprehensive ERP solution. Business Central emerged as a modern, cloud-based multi-company system that could meet the varying needs of each site while seamlessly integrating with the headquarters' BI system. With an easy-to-use approach and low cost of ownership, Dynamics 365 BC was the ideal solution for Pharmagen CZ / SK (EVER Pharma).
“
I was very satisfied with the communication throughout. It was consistently a very fast and competent response, as well as consistently characterized by friendliness, flexibility and goal orientation. Both on the technical and on the functional level, the quality of the work was outstanding. It was at every stage of the project a very productive and pleasant cooperation to achieve the project goals together
Solution
When implementing Microsoft Dynamics 365 Business Central for a multinational organization, we had to consider various local requirements and regulations. We developed a global configuration package based on a global chart of accounts. With a smart localization approach, we customized the solution to meet the specific requirements of local legislation in four regions, ensuring compliance with local laws and regulations.
Localization enabled us to quickly implement financial modules, comprehensive accounting and tax accounting tasks, integrate with international accounting standards, and provide regulated printed forms in local languages. With high functional coverage, Formative Pharma was able to minimize customizations, as the solution covers 95% of processes with 90% standardization.
Additionally, Pharmagen CZ / SK (EVER Pharma) created business intelligence dashboards using Power BI for reporting purposes. Integrated analytics enables stakeholders to base their decisions on the same set of facts, improving decision-making processes.
Localization enabled us to quickly implement financial modules, comprehensive accounting and tax accounting tasks, integrate with international accounting standards, and provide regulated printed forms in local languages. With high functional coverage, Formative Pharma was able to minimize customizations, as the solution covers 95% of processes with 90% standardization.
Additionally, Pharmagen CZ / SK (EVER Pharma) created business intelligence dashboards using Power BI for reporting purposes. Integrated analytics enables stakeholders to base their decisions on the same set of facts, improving decision-making processes.
Results
The implementation project was completed quickly and cost-effectively, with the solution being tailored to comply with various local regulations.
The first stage (Czech Republic, Slovakia) of global implementation of the Dynamics 365 platform has ensured real-time sharing of all business data among companies. Pharmagen CZ / SK (EVER Pharma)
can now generate consolidated financial statements for each country, leading to reduced costs associated with infrastructure management, better planning and control of individual activities, and an overall improvement in the company's global performance.
The first stage (Czech Republic, Slovakia) of global implementation of the Dynamics 365 platform has ensured real-time sharing of all business data among companies. Pharmagen CZ / SK (EVER Pharma)
can now generate consolidated financial statements for each country, leading to reduced costs associated with infrastructure management, better planning and control of individual activities, and an overall improvement in the company's global performance.
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We can fully recommend N.Progession for the cooperation, experience and results we have achieved through and with N.Progession. This satisfaction resulted in the fact that we strive to realize all further implementation projects also with N.Progession.
Today, management relies on a unified and rational organizational system that meets multi-country needs. Additional benefits include:
This story describes services provided and completed by N.Progression in April 2023.
- Fast, reliable operations with a future-ready platform
- Greater transparency and faster go-to-market strategy
- Reduced operating costs
- Timely and accurate reporting
- Greater security and business agility
- Increased system integration for improved business insights
This story describes services provided and completed by N.Progression in April 2023.
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