Global pharmaceuticals embrace best of breed Runbook for financial close in SAP
August 31, 2010
Last year several global pharmaceuticals selected Runbook to execute their financial close in SAP. Included are Novartis, Sandoz, Roche, Crucell and Hexal.
'Although Runbook is not designed specifically for the pharmaceutical market, it is understandable that these firms selected Runbook for their core business process in finance' says Rob Leesberg, co-founder and responsible for product development at Runbook Company. 'These enterprises are global companies with a complex closing and control structure. It is not exceptional that over 100,000 activities need to be executed to financially close a period. In addition, governmental and industry rules and regulations are severe which makes managing internal controls key to mitigate risks with a major impact. ERP systems and spreadsheets which historically were the tools at their disposal have not provided the solution to faster and more dependable reporting'.
In essence, Runbook automates the 'record -to-report' process ensuring that the numbers are correct and strategic decisions are dependable. Runbook preparation makes consolidation a relatively easy task as much non-value added tasks are automated to ensure time savings, cost reduction and zero tolerance in finance.
About Runbook Company International
Runbook Company is the world's leading provider of financial software with solutions that streamline the financial close, internal controls and compliance documentation processes in SAP. Organizations who have implemented Runbook have been able to successfully reduce cost and improve quality through the automation of recurring financial processes. Understanding the unique aspects of financial processes, Runbook Company provides solutions which automate and streamline these processes resulting in improved efficiency, visibility and transparency in critical areas.
Runbook clients include Adidas, Akzo Nobel, Alliander, Crucell, Deloitte, DSM, Dutch Ministry of Defense, Heineken, Novartis, NXP, Océ, OI, PCK, Philips, Procter & Gamble, Sabic Europe, Sandoz, Shell and Wolters Kluwer. Runbook Company is a certified SAP Software Partner.
For more information, please contact:
Runbook Company International
Jolanda Geerts, Marketing Manager
M: +31 6 50839241
T: +31 318 648110
