taking ownership of your data - pharma-master-data-management
TRANSCRIPT
Taking Ownershipof Data
A Multinational Specialty Pharma and Medical Devices Company
Executive SummaryThe company's Sales Operations team was given the task of identifying a solution to manage
customer data across their decentralized business unit with multiple sales teams. Two major
factors during the company's decision-making process were: total cost of ownership and the
familiarity with the technology.
Our customer was less inclined to build a solution in which the technology used would not
meet their IT standards, or technology that would require a rework with downstream systems
in order to build a new isolated system. The objective was to build inside out by taking the
company's current infrastructure and scaling it across operational support in order to meet
growing business needs.
Customer Pain Points Customer was using a homegrown solution
built off of old technology that could not
support a growing and diversified business
Customer did not have the ability to store
historical information or to track changes
such as alignment and deciles.
Users lacked one central storehouse for
customer data. They had to search through
multiple databases and systems in order to
find and provide information to their
customers for state reporting, transparency,
sales reporting and standard demographic
diagnostics.
Customer was experiencing many
interruptions; there was a lack of Workflow
and Automation
Experienced daily operational delays which
caused regular cost over runs
Management was dissatisfied with these
operational and execution delays
How Our MDMSolution Helped
To help our customer, we at
Prescriber360 we implemented our
MDM Solution. By building out the
customer master solution on the
Microsoft platform, our customer
now has the ability to integrate,
translate and assess its customer
data by end users without requiring
technical skills or resources that
were scarce like any operations
group.
Before implementing our MDM
solution, our customer required
constant technical interference for
data operations, causing many
operational challenges. Audit trail
and the transparency with the
changing customer data.
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Post ImplementationWith this diversified portfolio and therapeutic classes in one solution, our customer is now able
to support more business units. The need for our customer to look for a certified solution that
supports a constantly changing business objective has been eliminated; the customer can now
work interruption free.
Prescriber360 allowed sales operations to be nimble and flexible yet business oriented, as the
industry needs change.
Gartner research indicates that the
average financial impact of poor
data quality on organizations is
$9.7 million per year.Ref - http://gtnr.it/2iAAKOS
Results, Return onInvestment and FuturePlans
90% of leads resolved without manual
intervention
Manual lead resolution time was reduced
from over 12 minutes per lead to an average
of 2 minutes
Fully compliant database as per compliance
policies
Implementation costs were paid off under a
year due to operational efficiencies and
reduced overhead
Able to support entire company across
business units with one solution
Customer is actively working to expand
solution in order to provide additional
integrations and functionalities
Prescriber360 Solutions
15 Corporate Place South, Suite 105 , Piscataway, NJ 08854
Phone: 1-732-703-6100 | Email: [email protected] | Web: www.prescriber360.com
“We were looking for an agnostic
solution to satisfy promotional
compliance, sales force execution and
data standardization across various
functional areas”
Sr.Director – Sales Operations
“We did not have the ability to review,
approve and track these changes as it
impacted targeting, call planning and
incentive compensation”
Sr. Manager – Data Management
"We took control of our master data
which gave us competitive advantage in
market place and allowed us
transparency to data at the business
level not requiring technical expertise."
Sr. Director Sales Operations
"Best in Class Solution”
Vice President, Sales Operations
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