10 Questions
What was the main problem faced by the business before implementing PharmaACE solution?
Lack of reports feeding into the Hyperion system
What impact did the PharmaACE solution have on reporting?
Real time reporting and automated reports
What did the PharmaACE solution enable in terms of knowledge management?
Central repository for knowledge and version management
What was the relationship between PACE tool integration and forecasting results?
Led to short turn around and high-quality outputs
What was the primary benefit of the PharmaACE solution in relation to the Hyperion system?
Reports which are direct feed to the financial Hyperion system
What is the primary function of the PACE Tool in the PharmaACE solution?
Integration of all forecast models with the PACE Tool
How did the PharmaACE solution address the lack of reports feeding into the Hyperion system?
Created short turn around time and high-quality reports
What was the impact of integrating forecasting with technology in the PharmaACE solution?
Real time reporting and automated reports
What did the PharmaACE solution enable in terms of knowledge management?
Hosting of all models at the central repository for knowledge / version management
What was the main problem faced by the business before implementing PharmaACE solution?
Manual process to consolidate for portfolio view
Study Notes
Forecasting Solution Overview
- PharmaACE Forecasting Solution provides a centralized repository for all forecasting models, maintaining a history of forecast versions.
- Forecast data is stored at a centralized location, organized by asset and project.
Model and Version Management
- The model repository is maintained by project, ensuring that history is retained.
- Forecast versions, including final submitted and interim versions, are maintained in one place.
- Access levels can be managed for each version by user or user group.
Consolidation and Reporting
- Consolidation of data occurs across the portfolio.
- Live reporting is enabled through the linking of forecast outputs with business intelligence systems in real-time.
- Reporting is available through web-based and app-based solutions.
- Assumption documentation is stored for all previous forecast submissions.
- Data feeds are linked and stored across forecasts.
Test your knowledge on the PharmaACE Forecasting Solution overview, including topics like forecast model management, consolidation, real-time data update, and centralized storage.
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