Egalet is a fully integrated specialty pharmaceutical company focused on developing effective medicines for patients with acute and chronic pain while helping to protect physicians, families, and communities from the burden of abuse.
Download this case studyEgalet was running Quickbooks and lacked robust functionality from a financial perspective. They were also using a different system for procurement and purchase orders. The disparate systems required dual entry for suppliers and lacked integration that would have provided needed visibility to financial processes. With a lack of integration for full procurement, Egalet was not able to do things such as three-way matching, automated accrual accounting and multi-national currency translation.
CSS recognized the need for Egalet to improve processes in order to stay on track with growth objectives. Inefficient financial processes affect other areas of the business. CSS advised Egalet to go to an Oracle Cloud solution and gain much-needed functionality that allowed them to communicate with suppliers across the nation and globally. This end-to-end Cloud solution is the first step of Egalet’s Cloud journey.
Egalet experienced big-win results very quickly with Cloud EPM. They cite their biggest business benefit was dramatically improved efficiency in processes and better master data. They were able to eliminate dual entry, which also eliminated the risk of error in the workflow. With an improved month-end close process and and full integration for budgeting and planning, Egalet can look to future phase Cloud implementations for inventory tracking.
Eliminated double data entry and risk of error
Enabled visibility to 3-way matching
Dramatically improved month-end close
Improved budgeting and planning with integrated EPM
Our functionality is so much greater with Cloud EPM. With help from CSS, the visibility and integration transformed how we do business and deal with our suppliers. It's a big win.
Andrew Jennings, Corporate Controller
