Datasource Consulting helped a publicly traded pharmaceutical company achieve high operational performance by implementing an end-to-end financial data warehouse and BI solution.
To better serve senior management and the CFO’s department, this pharmaceutical company set out to create a single database (data warehouse) that would combine information from sources such as JD Edwards EnterpriseOne (E1), Cognos Planning, Timekeeping, and several custom finance applications to provide a view of the data that was cleansed, standardized, complete, and current.
Furthermore, this client required that the system be readily accessible by a much broader set of users and be capable of quickly answering more complex financial questions that had previously gone unanswered.
The team consisted of:
• Data Architect
• Senior Solution Architect
• Database and Automation Lead
• Multiple ETL resources
• Multiple reporting resources
The first step of the project was to better understand the challenges that the customer was facing and understand how the technology environment was structured. The project began with about 45 interviews covering a broad cross-section of Executives, middle management, analysts, and technical subject matter experts. This allowed the team to fully understand how the existing processes worked, key challenges, and to begin to craft a solution that would address the business need directly.
The data warehouse was designed as a four layer system (stage, conform, base, and mart). Data quality was ensured through a series of rules that applied in the conform layer of the solution. Informatica was employed to generate the load processes to support data integration. Datasource Consulting’s “ScheduleBI” solution was tailored to support sequencing and scheduling on the nightly, weekly, monthly, and on-demand load processes.
Cognos was employed to provide Reporting and Analytic capabilities to a breadth of end-users. A PowerCube was created to support month-close analytics using Cognos Analysis Studio. A relational package was designed to support planning, forecasting, and other ad-hoc analytics. A dashboard and guided analysis were developed in close coordination with the intended end-users to provide broad-user support.
Training was conducted to ensure that knowledge transfer had occurred prior to decommissioning old systems during the parallel deployment.
With Datasource’s support, this pharmaceutical company now has a sophisticated, supportable financial analytics solution that provides the ability to:
• Provide an Executive level dashboard and monthly reporting
• Provide interactive analytics to more efficiently close the books on a monthly basis
• Analyze actual versus forecast financial values
• Support planning and forecasting reporting requirements
• Support visibility into partnership finances
• Improve internal and external financial transparency
• Support self-service ad-hoc reporting
• Eliminate manual data loads
The project was completed on-time and on-budget and has been in production for multiple years.
“Today in our close meeting we used our (application) to answer our questions right there on the spot. All the data was at our fingertips. This was the fastest close meeting in history! No hard copy reports were needed.
Then, I went back to my computer and navigated through all of the data. I was able to answer the rest of my questions. I haven’t had the full training yet, but I had no trouble at all. If I can do it, anyone can do it. It’s that easy!“
— Corporate Controller —