Implementation of the CPM Matrix system for planning, budgeting and controlling for TEVA
Date: 2024
Effects
- Significantly reduced time to develop budgets and forecasts in any timeframe
- Smooth evaluation of business plans and assumptions
- Development of product sales forecasts and cost forecasts in a single set-up for all
- Automation and standardisation of reports
- Immediate insight into up-to-date forecasts to enable rapid response in line with market dynamics
- Ability to model budgets and forecasts based on market outlook and compare multiple budgets and forecasts with each other
- All data is in one system, accessible 24/7, from anywhere in the world
- Greater control over data and processes
- High accuracy of forecasts, taking into account seasonality
- Permanent support of a system that has been in operation for almost 20 years and still performs its function perfectly
Challenge
- Implementation of a budgeting and planning system
- Giving up Excel with its many file versions
- Creation of a tailor-made system for the customer
Solution
- First implementation of the proprietary Matrix system (2006)
- System built according to individual customer requirements and needs
- System includes 4 modules: administration, sales planning, costs and the Matrix Analysis module, which allows the generation of reports
- Mechanisms to facilitate and speed up the creation of forecasting templates
