FP&A for Seamless Contract Strategy and Management

Enterprise Planning | World’s Largest Bio-tech Company

Challenge

Reliance on standalone Excel models for scenario assessments
Inability to respond quickly to market dynamics and difficulty in adapting to frequent regulatory changes
Inefficient version control led to confusion, delays, and potential errors
Limited institutional memory for the executed deal
Lack of collaboration and visibility increased the risk of communications and created silos

Solution

Put in place a centralized contract repository to eliminate the need for multiple Excel files and to allow access to the most up-to-date contact information in real-time
Develop a payer contracting tool using Anaplan for key pharmacy benefits brands, integrating smart features like the Analog Library and Share Shift
Integrate pre and post-deal capabilities to maintain a repository of payer and PBM deals, enabling ongoing performance tracking and readiness for market dynamics like IRA in rebate evaluations
Enable deviation analytics to evaluate the elements responsible for disparities between actual data and forecasts, creating a feedback mechanism for forthcoming transactions

Benefits