A pharmaceutical and biotechnology company, specializing in the development and production of generic and innovative drugs
The primary goal of the project was to provide a tool that, when integrated with additional components/applications, will enable the full Purchase to Pay and Order 2 Cash process in the organization. These processes cover a wide range of the client’s internal business processes and collaborative processes with external parties.
Based on the low-code platform, we have provided all the functionality typical of a purchasing platform, including key functionality for a system that implements financial workflows, at all stages of the process, including document posting, but without posting. Posting and payments will be implemented in the existing ERP system.
We integrated the platform with a budget data warehouse enabling automatic checking of the available budget at each step/stage of the purchasing process, as well as at each step/stage of the financial workflow process.
For all financial documents requiring prior PR/PO (Purchase Requisition/Purchase Order) registration, we provided 3-Way-Match functionality, i.e., data verification at each stage of the process, for consistency between different types of documents or forms in processes, to eliminate fraud (e.g., in the form of false invoices), and to facilitate and optimize the management of purchasing processes in the face of our client’s high purchasing volumes.
The implementation has brought numerous benefits, significantly improving the efficiency and accuracy of these operations. Automation and digitization made the management of orders and payments faster and more precise, improving control over the company’s financial and operational flows. Integration with the Budget Data Warehouse has made it possible to automatically control budget availability at each stage of the process, resulting in greater transparency and precision in financial management. Automation of approval at all key stages reduced time-consuming manual operations, which contributed to greater efficiency in financial processes. The company gained higher operational efficiency, which positively affected the overall workflow of purchasing and financial management.