Case Study: F100 Pharma Company achieves $400k month-end close savings with Mimica Automation

F100 Pharma Company Streamlines Month-End Close for Immediate $400k Savings

F100 Pharma Company, a global pharmaceutical leader, needed to improve its month-end close process as part of a productivity initiative aimed at cutting costs by $2 million across five global Account-to-Record teams. The company worked with Mimica Automation, using Mimica Miner & Mapper, to understand how employees were performing the process, identify why productivity targets were being missed, and uncover inefficiencies and automation opportunities.

Mimica Automation captured the work of 50 employees and identified hundreds of tasks, highlighting opportunities for automation, optimization, and waste elimination. By streamlining manual reconciliations and using GenAI for transaction commentary, the company achieved $400,000 in savings in the first month, reached 20% of its annual savings target, and identified an additional 42,000 hours of annual savings for future optimization.