Know your bottom line
With increasing cost pressure due to regulatory and competitive forces, life science companies have a need for better cost control. At Westernacher, we have the industry expertise, financial process and system know how to help you build the tools and processes you need for managing your costs, and knowing your bottom line at every moment in time.
Our service offering includes
Financial and operational planning and budgeting
Is unstructured excel-based planning still a reality in your company? Having trouble maximizing the value of your existing planning software? Westernacher has helped customers take the pain out of budgeting and financial planning by creating easy-to-use, fully integrated and version controlled planning processes.
Product / Customer profitability assessment
Know your bottom line. Westernacher can help you get you the analytics you need when you need them. Whether your business is in branded pharma, generics or medical devices, Westernacher has the expertise to help you get timely and accurate profitability information be it by product, brand, market, business entity or all of the above.
Gross-to-net reporting
Accurate gross-to-net reporting is a challenge for most pharmaceutical companies, especially for generics manufacturers that operate in a wholesaler driven environment. Over more than a decade we have worked with a series of generics companies in optimizing their gross-to-net reporting with bespoke, or a combination of out-of-box and custom solutions.
Chargeback and Rebate processing
Handling the volume of chargeback and general rebates timely and accurately is a challenge for many a finance department and/or ERP system – especially for generics companies operating in the US. We can help take the pain out of chargeback and rebate processing by conjointly optimizing your financial accounting and ERP processes making rebate processing quicker and more accurate.
R&D project assessment and evaluation
Assessing, budgeting, tracking and accounting for development projects is a challenge for many life science companies; not only from a process but also a systems perspective. Westernacher helps companies in this area by providing advice on process optimization and systems integration.
R&D efficiency measurement
Westernacher is experienced in designing powerful financial analysis solutions helping R&D centric companies assess and improve the efficacy of their research and development investment. We can provide powerful tracking and benchmarking solutions to track R&D costs by type, business area or project.
Operational KPI & balanced scorecards
Know where you stand. Every company wants to improve their operational and cost effectiveness. We can help you design, implement and automate the KPIs you need to consistently track and improve your performance.
