Global Pharmaceutical Company Remedies Its Financial Processes with Automation

Sanofi is one of the largest pharmaceutical companies in the world, providing healthcare solutions in more than 170 countries. Its medical treatment products range from enzyme replacement therapies for rare immune disorders such as Gaucher disease to treatments for multiple sclerosis, diabetes, and cancer. 

Sanofi has standardized and automated its reconciliation, journal entry and close management processes with Trintech’s Cadency solution, resulting in greater visibility, increased productivity and a reduction in the time to close the books at each period end.

Since implementing Trintech’s Cadency solution, Sanofi has been able to:

  • Improve productivity for more than 2,300 users
  • Increase compliance for more than 2,505 accounts
  • Automate closing calendar to replace manual processes
  • Shorten close cycle time
  • Increase visibility for upper-level management

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AstraZeneca struggled with a lack of standardization and visibility over its reconciliation process and wanted to achieve global standards in the account reconciliation process to eliminate inefficiencies, improve compliance, increase balance sheet visibility and reduce costs. It quickly realized that the only way it would achieve full global visibility and a world-class reconciliation process was to simplify, standardize and automate.

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