Case Study: Ventyx achieves faster, more accurate R&D accruals with Condor Software

Ventyx cuts clinical accrual close from 3-4 weeks to under a week with Condor Software

Ventyx, a leading biopharmaceutical company, faced significant challenges in its R&D accrual process, which was manual, time-consuming, and prone to errors. The process relied heavily on vendor reporting and took 3-4 weeks to complete each month, leading to audit adjustments and complicating financial planning. To address this, Ventyx implemented Condor Software.

By adopting Condor's platform, Ventyx automated its accruals, gaining a data-driven approach that enhanced accuracy and collaboration. The results were substantial: the monthly close process was reduced by 78% to under one week, audit adjustments were eliminated, and the company achieved improved compliance and vendor accountability. Condor provided Ventyx with the detailed data and automation needed to transform its financial operations.

Ventyx