A Unified Approach for an eHealth Company
Introduction
A prominent global player in the medical device industry grappled with the complexities of managing its financial infrastructure due to fragmentation across various divisions. Due to privacy considerations, we refrain from disclosing the client’s name in this case study.Take a look at the challenges they faced and how Proximity Professionals helped overcome them.
CLIENT
eHealth company
ROLE
Development
Prototyping
DATE
2023
CLIENT
eHealth
company
ROLE
Development
Prototyping
DATE
2023
The Challenges
The company’s decentralized financial structure resulted in various divisions independently managing plan-in, plan-out, and actuals using distinct legacy source systems. This created challenges in efficiently organizing and analyzing financial data, complicating the analysis process and impeding decision-making. To tackle this issue, our client initiated a strategic project aimed at centralizing its financial data to streamline reporting and planning processes. Achieving this goal required a high-quality team of data engineers, which is why they turned to Proximity Professionals.
The Solution
To overcome the challenges posed by fragmented data, the company, in collaboration with our data engineering team, devised a solution that involved extracting Revenue and Operating Expenses (RevScogs and Opex) data from SAPBW and flat files into their Oracle environment. DataStage served as the middleware solution, facilitating the application of business rules and the transformation of data into a unified format for streamlined analysis.
This solution, implemented by Proximity Professionals’ team of experts, provided our client with:
- Data Extraction: All revenue and operating expenses data were extracted from SAPBW and flat files.
- Middleware Solution: Thanks to DataStage, which was employed as the middleware solution to apply business rules and transform the data into a unified format.
- Centralized Oracle Environment: The unified financial data was centralized in the client’s Oracle environment, providing a single source of truth for financial reporting and analysis.
The Results
Our unified approach to data management and centralization of the client’s data resulted in:
- Streamlined Reporting: The unified data environment enabled streamlined reporting processes, providing accurate and timely insights for decision-making.
- Improved Planning: The centralized data allowed for more effective financial planning and analysis, leading to better strategic decision-making.
- Enhanced Data Accuracy: By harmonizing disparate data sources, the company improved the accuracy and reliability of its financial data.
Conclusion
We are proud that this collaboration and implemented solution have revolutionized our client’s financial infrastructure. Not only did they streamline reporting, improve planning, and enhance data accuracy, but they have also positioned themselves for greater efficiency and agility in the dynamic medical device industry.
