Genetic Medicine Leader Royalty Management System
Challenge
A genetic medicine leader’s Accounts Payable department was looking to automate their process of managing royalties, as they had determined their current process of manually maintaining this information in spreadsheets was inefficient and prone to errors.
They needed a project management resource to manage the full project lifecycle for the implementation of a SAP-based Royalty Management System.
“The project management resource would need to be able to manage extensive interactions with the vendor, internal project staff, external partners that support SAP, and enterprise-wide stakeholders.”
Supports Our Client’s Expected Growth
Faster Report Processing
Minimized Risk for Errors
Reduced Processing Time
Improved Trust in the Data
Solution
Osprey Life Sciences provided a project manager to implement Vistex software which works as a component of SAP S4/HANA to support the processing of inbound and outbound royalty payments.
This involved coordination between various internal and external colleagues while considering many variables such as SAP environments and timelines, vendor timelines, and business availability.
- Verified successful processing of millions of dollars in inbound and outbound Royalty Payments.
- Kept vendors accountable to their commitments including demos, consultant burn-down, and budget.
- Delivered overall project on time and on budget.
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