Finalist
Data and Decisions
While Takeda may have achieved its primary objective, this tool is just a starting point on the path to seamlessly connecting finance data with other business data across the organization to create a holistic view of the business. With a data foundation in place, the focus for Takeda turns to better analysis and insights to support evolving business needs taking into account the experience of finance and non-financial stakeholders alike.
Acquiring Shire significantly accelerated Takeda’s transformation into a global biopharmaceutical leader, expanding its market reach and growth potential. In line with its financial vision, Takeda Business Solutions (TBS), Takeda’s global business services arm, focuses on pairing business needs with data and digital technologies to strengthen processes and drive efficiencies across the organization. A solution to accommodate Takeda’s goals needed to be flexible and in line with its finance operating model. Step forward CFOinUrpocket, Takeda’s global finance dashboard designed by an internal cross-functional team comprising members of the Financial Planning and Analysis (FP&A) Excellence team, TBS, the IT function, and other stakeholders from across the organization.
Takeda has been placed as a finalist in the Data and Decisions category of the HFS OneOffice™ Awards for building an easy-to-use reporting solution and application CFOinUrpocket that helps guide decision making holistically across the organization and generate data driven insights.
CFOinUrpocket is a fully automated reporting tool addressing Takeda’s local and function-specific needs, which spans 80 countries and regions and employs more than 50,000 people. The report generated by the tool inherently:
Additionally, CFOinUrpocket has predictive trend analysis functions and tracks daily sales performance globally.
“Our overarching goal for CFOinUrpocket was to design a global finance dashboard that met the challenges identified within Takeda’s finance ecosystem and accurately reflected our operating model,” says Sanjay Patel, head of TBS at Takeda. “But we also wanted to reimagine how we think about financial data; to boost decision making and agility at every level of the organization by not only standardizing financial reporting but democratizing employees’ access to key business insights.”
Takeda employees worldwide now have direct access to critical business insights—anytime, anywhere—creating an exceptional end-user experience, enabling more efficient collaboration, and strengthening analysis to support strategic decision making. CFOinUrpocket has become Takeda’s authoritative one-version-of-the-truth source for financial information, addressing existing and emerging business challenges. Following the launch of this dashboard, Takeda’s Finance Vision, centered on the critical role of finance in delivering insights and driving value for patients, benefitted at an organizational level. In tandem, Takeda’s employees worldwide were empowered to unleash the power of data and digital at a local level. The tool has delivered better business outcomes at the country level as well. For example, the introduction of “Local Hierarchies” allows countries to prepare a product portfolio matching their local operating model, supporting country-level empowerment within the infrastructure of a global solution.
While Takeda may have achieved its primary objective, this tool is just a starting point on the path to seamlessly connecting finance data with other business data across the organization to create a holistic view of the business. With a data foundation in place, the focus for Takeda turns to better analysis and insights to support evolving business needs taking into account the experience of finance and non-financial stakeholders alike.
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