Tillotts Pharma
FinanceSeptember 01, 2017

Tillots Pharma

Tillotts Pharma implemented CCH® Tagetik Finance Transformation Platform, powered by the Analytic Information Hub for Consolidation, Budgeting and Planning, IFRS 16, plus project, accrual, headcount, cost-centre and sales reporting.
The structured, reliable reports that CCH Tagetik Analytic Information Hub generates so quickly are essential tools for decision makers in the organisation and people have got to know the tool well and appreciate its flexibility.
Marcel Portmann Head of Finance, TIllotts Pharma
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The Challenge

Part of the Japanese Zeria Group, Tillotts Pharma is a fast-growing international specialty pharma company founded in 1963. Tillotts has more than 300 employees at its headquarters near Basel, Switzerland, and around the world. Its products, including in-licensed products, are marketed in more than 65 countries globally. Tillotts and its affiliates around Europe comprise eight companies with total revenues in 2019 of CHF 176.4 million.

Pharma needs to leverage diverse, highly granular data, with products typically sold in multiple countries in different doses, packaging and so on. Tillotts also sells to affiliates, and eliminations for financial statements are quite specific. So to be gathering Excel files from emails was not only time consuming and limiting, but prone to error and causing delays in financial reporting.

CCH Tagetik Solution

Within the eight companies across Europe forming Tillots Pharma, they use CCH Tagetik Consolidation, CCH Tagetik Lease Accounting for IFRS 16, CCH Tagetik Budgeting and Planning plus project, accrual, headcount, cost-centre and sales reporting. The CCH Tagetik Analytic Information Hub is the performance engine that will centralize and transform Tillotts’ data for analysis and reporting even more.

Benefits

Automated reporting and analysis

All Tillotts Group financials are gathered in CCH Tagetik and reports and analysis are automated.

Flexible planning

The flexibility of the planning tool has been one of the key success factors for the company, particularly with the extra pressures of the pandemic, which has increased risk exposure.

Fine-tuned drug lifecycles

The CCH Tagetik Analytic Information Hub enables Tillotts to create new reports and collect very specific data relating to projects and sales right down to single-article quantities.

Ad hoc reports within days

Tillotts has been able to shorten the budget process by four weeks and conduct adhoc forecasts within a few days.

Ready for IFRS 16

CCH Tagetik Lease Accounting for IFRS 16 has ensured changes are easy to handle, even when tasks are handed from one employee to another.

Reduced time -consuming work in Excel

Gathering Excel files from emails was not only time consuming and limiting, but prone to error and causing delays in financial reporting. The CCH Tagetik Analytic Information Hub is the performance engine that will centralize and transform Tillotts’ data for analysis and reporting even more.
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Budgeting Planning & Forecasting
Enter the next evolution in planning with CCH Tagetik Budgeting, Financial Planning, and Forecasting software.
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