Why SAP?
Pfizer
• Long-established collaborative relationship with SAP • Modern and standardized operating procedures using the SAP S/4HANA®Cloud solution for advanced financial closing to automate manual processes • Workflow notifications to keep team members on task and online analytics for tracking the performance of tasks along the critical path
Life Sciences | United States SAP S/4HANA Cloud Public Edition
Single system to close more than 400 entities every month.
4,800 tasks managed using the solution.
Automating complex financial closing cycles while simplifying regulatory reporting Biopharmaceutical giant Pfizer Inc. centralized financial reporting globally and automated tasks in the financial closing process by deploying the SAP S/4HANA Cloud solution for advanced financial closing. Working with IBM Consulting, Pfizer successfully streamlined the global financial close process across Pfizer’s shared services organization.
2,800 closing tasks automated.
Challenges
• Complex system landscape & integration. No Single source of truth • Lack of standardization & automation
“We selected the SAP S/4HANA Cloud solution for advanced financial closing to make our process simple, standard, automated, and efficient.”
Senior Director and Finance Solutions Lead, Pfizer Inc. -Rajesh Hase
Outcomes
• Manage governance, risk and compliance • Improved finance operations
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