Improving forecast accuracy with powerful predictions
Roche successfully shifted the focus of the R&D finance organization from traditional bottom-up financial forecasts to an automated predictive forecasting process. This enabled the company to automate 14,000 out of 20,000 forecast data entry points.
Using the predictive planning capabilities of SAP Analytics Cloud, Roche streamlined its financial forecast process to generate a US$4.2 billion forecast – it now takes just two hours instead of several weeks. Roche can now make more agile financial decisions and accelerate insight to action.
By building a new forecasting experience and streamlining the overall planning process, Roche has freed its R&D finance team from manual tasks, giving them time to focus on value-adding activities. In-line with its 10-year plan, Roche intends to use these powerful analytics solutions to further the success of drug discovery and development, achieve operational efficiencies, and get closer to a vision of personalized healthcare.
Roche submitted an entry for the SAP Innovation Awards, which honors and celebrates the achievements of forward-thinking companies and individuals that have harnessed the power of the latest SAP products and technologies to disrupt industries, help the world run better, and improve people’s lives. View Roche's pitch deck to see how the company is powering predictive financial forecasts with SAP Analytics Cloud.