Case Study: DR. KADE Pharmazeutische Fabrik achieves automated driver-based financial planning with Corporate Planning

DR. KADE Pharmazeutische Fabrik - Customer Case Study

DR. KADE Pharmazeutische Fabrik, a medium-sized pharmaceutical manufacturer, faced a challenge with its manual, Excel-based financial planning process. This method was time-consuming, taking a team of controllers three months to complete, and was prone to errors. The lengthy consolidation period delayed management reports, leaving little time for strategic tasks. To address this, they partnered with the vendor Corporate Planning to implement its Corporate Planner financial planning software.

The solution from Corporate Planning automated the consolidation of P&L, balance sheet, and cash flow statements. It provided a centralized, cloud-based platform for data entry across 55 departmental experts, ensuring data integrity and transparency. This automation freed the controllers from manual work, reducing the forecasting process from three months of full-team effort to a task manageable by a single person. This allowed the team to focus on strategic analysis and driver-based management, significantly improving the speed, precision, and credibility of their financial reporting.

DR. KADE Pharmazeutische Fabrik

Oliver Matthes

Head of Controlling