Strengthening P2P and OTC Process Management through SAP and Accounting
One of the leading, US-based biotechnology companies with expertise in manufacturing synthetic DNA had immense challenges in managing its finance processes. The company, which has been growing rapidly since its establishment, has experienced a massive surge in transaction complexity and volume over the years for the company’s Accounts Receivable (AR) and Accounts Payable (AP) operations.
Project Objectives
Client’s Challenges
The Solution
Nsight offered a solution which was both effective and economical to handle a key portion of the client’s financial processes. The Nsight team ensured a smooth handover of tasks by using a phase-wise transition process. Starting with Accounts Receivable which became an unqualified success, the Client handed over their Accounts payable process as well.
Key Benefits of the Engagement
Conclusion
This case study shows how a top biotech company was able to use Nsight to meet the challenges of managing its P2P and OTC processes. Outsourcing their financial processes to Nsight and tapping into unmatched SAP expertise provided the tailored solution that automated effectively Outsourcing their financial processes to Nsight and tapping into unmatched SAP expertise provided the tailored solution that automated effectively
